3 US Penny Stocks With Market Caps Over $200M

As the U.S. stock market continues to evolve, investors are increasingly seeking opportunities beyond the usual large-cap stocks. Penny stocks, often overlooked due to their low price point, can offer significant potential for growth and high returns. In this article, we will explore three penny stocks with market capitalizations over $200 million that have caught the attention of Wall Street analysts and investors alike.



1. TrueCar (NasdaqGS:TRUE)
TrueCar, Inc. is an internet-based company providing information, technology, and communication services in the United States. With a market cap of $3 billion, TrueCar has experienced a surge in popularity due to its innovative approach to the online car-buying experience. The company's revenue segment includes Internet Information Providers, generating $170.68 million in 2024.

TrueCar's recent financial performance shows a narrowing net loss, with sales increasing to US$46.54 million in Q3 2024 from US$41.15 million a year ago. The company remains debt-free and has ample short-term assets exceeding both its short and long-term liabilities, providing financial stability amid volatility concerns. A significant share buyback program has been completed, enhancing shareholder value without dilution over the past year. Additionally, takeover rumors have boosted stock interest recently; however, profitability is not expected in the near term according to analyst forecasts.

2. Aeva Technologies (NYSE:AEVA)
Aeva Technologies, Inc. designs, develops, manufactures, and sells LiDAR sensing systems and related software solutions for perception and autonomy across various regions. With a market cap of $239.78 million, Aeva is advancing its LiDAR technology with the recent unveiling of the Aeva Atlas™ Ultra sensor, designed for high-performance autonomous driving systems. Despite generating US$7.98 million in revenue from its Industrial Automation & Controls segment, Aeva remains unprofitable and not expected to achieve profitability within three years. The company benefits from a debt-free balance sheet and sufficient short-term assets to cover liabilities but faces challenges with insider selling and limited cash runway if cash flow continues to decline. Revenue growth is forecasted at 69.77% annually, offering potential upside amid financial constraints.



3. Citizens (NYSE:CIA)
Citizens, Inc. offers life insurance products both in the United States and internationally, with a market cap of $230.57 million. The company's revenue primarily comes from life insurance, generating $189.15 million, and home service insurance, contributing $58.22 million. Citizens reported stable earnings for the third quarter of 2024 but experienced a decline in net income for the first nine months compared to last year. Despite having no debt and high-quality past earnings, Citizens faces challenges with short-term assets not covering liabilities and declining earnings growth projections over the next three years. Trading at a significant discount to its estimated fair value, it presents both opportunities and risks for investors in penny stocks.



In conclusion, penny stocks with market capitalizations over $200 million can offer significant potential for growth and high returns, despite their low price point. TrueCar, Aeva Technologies, and Citizens are three examples of penny stocks that have caught the attention of Wall Street analysts and investors. By carefully evaluating the financial health, growth prospects, and market trends of these companies, investors can make informed decisions and capitalize on the opportunities presented by the penny stock market.