3 Penny Stocks On US Exchanges With Market Caps Over $80M To Consider

As the U.S. stock market experiences a notable upswing, driven by gains in major indices and a tech rally led by companies like Nvidia and Tesla, investors are exploring various avenues for growth. Penny stocks, often associated with smaller or newer companies, continue to capture interest due to their affordability and potential for significant returns. By focusing on those with strong financial fundamentals and potential growth trajectories, investors can uncover promising opportunities when backed by solid financial health ratings.

Top 10 Penny Stocks In The United States
Name Share Price Market Cap Financial Health Rating
QuantaSing Group (NasdaqGM:QSG) $3.08 $91.49M ★★★★★★
BAB (OTCPK:BABB) $0.884275 $6.54M ★★★★★★
Kiora Pharmaceuticals (NasdaqCM:KPRX) $3.50 $10.2M ★★★★★★
Inter & Co (NasdaqGS:INTR) $4.65 $2B ★★★★☆☆
ZTEST Electronics (OTCPK:ZTST.F) $0.285 $11.23M ★★★★★★
Golden Growers Cooperative (OTCPK:GGRO.U) $4.50 $67.38M ★★★★★★
BTCS (NasdaqCM:BTCS) $2.68 $48.23M ★★★★★★
Smith Micro Software (NasdaqCM:SMSI) $1.13 $20.22M ★★★★★☆
CBAK Energy Technology (NasdaqCM:CBAT) $0.908 $82.23M ★★★★★☆
Safe Bulkers (NYSE:SB) $3.41 $380.13M ★★★★☆☆

Click here to see the full list of 713 stocks from our US Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
Identiv (NasdaqCM:INVE)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Identiv, Inc. is a security technology company offering secure identification and physical security solutions globally, with a market cap of $88.85 million.
Operations: The company's revenue is primarily derived from the Americas at $75.12 million, followed by Europe and The Middle East at $17.78 million, and Asia-Pacific at $11.32 million.
Market Cap: $88.85M
Identiv, Inc., a security technology company, has faced financial challenges with declining revenues and consistent unprofitability. Despite this, the company maintains a strong cash position with sufficient runway for over three years and no debt. Recent strategic moves include appointing Kim Macaulay as SVP to drive growth initiatives and exploring acquisitions as part of its expansion strategy. Identiv's focus on innovative NFC-enabled products positions it well in the IoT space, especially for applications like healthcare and smart packaging. The company's share repurchase program reflects confidence in its long-term prospects despite current financial hurdles.



Destination XL Group (NasdaqGM:DXLG)
Simply Wall St Financial Health Rating: ★★★★★★☆
Overview: Destination XL Group, Inc. operates as a specialty retailer of big and tall men's clothing and shoes in the United States, with a market cap of $145 million.
Operations: The company's revenue is primarily generated from its retail segment, which accounts for $484.95 million.
Market Cap: $145M
Destination XL Group, Inc. has experienced financial volatility, with recent guidance revisions reflecting decreased sales expectations for fiscal 2024 at US$467.0 to US$470.0 million. The company's profit margins have declined from 5.8% to 2%, and it reported a net loss of US$1.81 million in the third quarter compared to a net income of US$4.02 million the previous year, highlighting challenges in maintaining profitability amidst declining sales figures and comparable sales down by 7.4% during the holiday period. Despite these setbacks, DXLG remains debt-free and has completed a significant share buyback program valued at US$10.22 million, indicating management's confidence in its future potential despite short-term hurdles.



In conclusion, penny stocks with market caps over $80M can offer unique opportunities for growth and value when backed by strong financial fundamentals. By focusing on companies with solid financial health ratings and potential growth trajectories, investors can uncover promising opportunities in this niche segment of the market. The top 10 penny stocks listed above, along with the additional choices from the screener, provide a starting point for further research and consideration.