December 2024's Standout Penny Stocks

As the year 2024 comes to a close, investors are turning their attention to penny stocks—smaller or newer companies that can offer significant opportunities despite their somewhat outdated name. By focusing on those with strong financial foundations and potential for growth, investors can uncover hidden value in these lesser-known equities. In this article, we explore several penny stocks that stand out for their financial strength and potential value in today's market landscape.

Top 10 Penny Stocks In The United States
Name Share Price Market Cap Financial Health Rating
Inter & Co (NasdaqGS:INTR) $4.39 $1.85B ★★★★☆☆
QuantaSing Group (NasdaqGM:QSG) $3.08 $103.25M ★★★★★★
BAB (OTCPK:BABB) $0.84 $6.43M ★★★★★★
Pangaea Logistics Solutions (NasdaqCM:PANL) $4.90 $234.98M ★★★★★☆
ZTEST Electronics (OTCPK:ZTST.F) $0.25 $8.83M ★★★★★★
Imperial Petroleum (NasdaqCM:IMPP) $2.85 $86.14M ★★★★★★
Golden Growers Cooperative (OTCPK:GGRO.U) $4.50 $67.38M ★★★★★★
BTCS (NasdaqCM:BTCS) $2.59 $49.54M ★★★★★★
Smith Micro Software (NasdaqCM:SMSI) $1.62 $22.53M ★★★★★☆
CBAK Energy Technology (NasdaqCM:CBAT) $0.9125 $76.47M ★★★★★☆

Click here to see the full list of 732 stocks from our US Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Blade Air Mobility (NasdaqCM:BLDE)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Blade Air Mobility, Inc. offers air transportation alternatives to alleviate congested ground routes in the United States and has a market cap of approximately $325.79 million.
Operations: The company's revenue is derived from two main segments: Medical, which generated $142.42 million, and Passenger services, contributing $99.39 million.
Market Cap: $325.79M
Blade Air Mobility, Inc. has been actively pursuing strategic growth through acquisitions, with $140 million earmarked for tactical investments in its medical segment. Despite a market cap of approximately $325.79 million and revenue from medical ($142.42 million) and passenger services ($99.39 million), the company remains unprofitable, with a net loss of $17.51 million for the first nine months of 2024. The management team is experienced, and the company is debt-free with sufficient cash runway for over three years based on current free cash flow levels, though shareholder dilution has occurred recently by 4.9%.
Jump into the full analysis health report here for a deeper understanding of Blade Air Mobility.
Examine Blade Air Mobility's earnings growth report to understand how analysts expect it to perform.
NasdaqCM:BLDE Financial Position Analysis as at Dec 2024
Gevo (NasdaqCM:GEVO)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Gevo, Inc. is a carbon abatement company with a market cap of $349.09 million.
Operations: The company generates revenue from two main segments: Gevo, which contributes $0.96 million, and Renewable Natural Gas, accounting for $14.63 million.
Market Cap: $349.09M
Gevo, Inc., with a market cap of US$349.09 million, operates in the renewable energy sector and is currently unprofitable. The company reported third-quarter sales of US$1.97 million, down from US$4.53 million the previous year, with a net loss widening to US$21.16 million. Gevo's financial health shows more cash than total debt and short-term assets exceeding liabilities, providing some stability despite ongoing losses. Recent developments include an extended partnership with LG Chem to commercialize its Ethanol-to-Olefins technology for sustainable products, signaling potential future revenue streams if successfully executed and scaled up in the bioplastic market.
Click here to discover the nuances of Gevo with our detailed analytical financial health report.
Learn about Gevo's future growth trajectory here.
NasdaqCM:GEVO Debt to Equity History and Analysis as at Dec 2024
Clover Health Investments (NasdaqGS:CLOV)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Clover Health Investments, Corp. offers Medicare Advantage plans in the United States and has a market cap of approximately $1.60 billion.
Operations: The company's revenue is derived entirely from the United States, totaling $2.12 billion.
Market Cap: $1.6B
Clover Health Investments, Corp., with a market cap of US$1.60 billion, remains unprofitable but has shown progress by significantly narrowing its net loss from US$41.47 million to US$9.16 million in the latest quarter compared to the previous year. The company is debt-free and maintains a stable cash runway exceeding three years based on current free cash flow levels. Despite shareholder dilution over the past year, Clover's short-term assets comfortably cover both short- and long-term liabilities. Recent initiatives include launching enhanced Medicare Advantage plans in New Jersey for 2025, aiming to offer competitive healthcare options amid rising costs for seniors.
Take a closer look at Clover Health Investments' potential here in our financial health report.

As the United States stock market experiences a boost from the Santa Claus Rally, with major indices like the Nasdaq Composite and S&P 500 showing gains, investors are turning their attention to various opportunities. Penny stocks, a term that may seem outdated but remains relevant, often refer to smaller or newer companies offering potential growth at an affordable price point. In this article, we explore several penny stocks that stand out for their financial strength and potential value in today's market landscape.

Top 10 Penny Stocks In The United States
Name Share Price Market Cap Financial Health Rating
Inter & Co (NasdaqGS:INTR) $4.21 $1.85B ★★★★☆☆
QuantaSing Group (NasdaqGM:QSG) $3.08 $103.25M ★★★★★★
BAB (OTCPK:BABB) $0.8849 $6.43M ★★★★★★
ZTEST Electronics (OTCPK:ZTST.F) $0.2399 $8.83M ★★★★★★
Imperial Petroleum (NasdaqCM:IMPP) $2.84 $86.14M ★★★★★★
Permianville Royalty Trust (NYSE:PVL) $1.33 $43.89M ★★★★★★
Golden Growers Cooperative (OTCPK:GGRO.U) $4.50 $67.38M ★★★★★★
BTCS (NasdaqCM:BTCS) $2.855 $49.54M ★★★★★★
Smith Micro Software (NasdaqCM:SMSI) $1.27 $22.53M ★★★★★☆
CBAK Energy Technology (NasdaqCM:CBAT) $0.8502 $76.47M ★★★★★☆

Click here to see the full list of 739 stocks from our US Penny Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Grab Holdings (NasdaqGS:GRAB)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Grab Holdings Limited operates as a superapp provider across Southeast Asia, offering various services in countries such as Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam; it has a market cap of approximately $19.89 billion.
Operations: Grab Holdings Limited has not reported specific revenue segments.
Market Cap: $19.89B
Grab Holdings Limited, despite being unprofitable, maintains a robust financial position with short-term assets of $6.5 billion surpassing both its long-term liabilities ($321 million) and short-term liabilities ($2.4 billion). The company has sufficient cash runway for over three years due to positive free cash flow growth. Recent activities include a share buyback program, repurchasing 1.45% of shares for $189.4 million, and an upward revision in revenue guidance for 202