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Penny stocks with market caps under $200M offer value and potential for outperformance. Top 10 picks include Dingdong (DDL), Waterdrop (WDH), WM Technology (MAPS), LexinFintech Holdings (LX), and Tuya (TUYA), among others. Oramed Pharmaceuticals (ORMP) is a standout option with a market cap of $136.52M, impressive earnings growth, and a debt-free status.

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