Penny stocks are often described as financial instruments under $5. Although they are hideously risky, you can also make a fortune. But before you invest your money, you have to do due diligence and identify the companies with stellar growth prospects. If you have a smart investing strategy, here are the penny stocks to watch out for. Let’s jump right in!
ARTX Company manufactures products for law enforcement, home security, and the military. It combines the hottest trends in the market today – from virtual reality to drones. Recently, they introduced artificial intelligence products and sophisticated energy solutions based on consumer demands. In terms of financial health, the company boasts of market capitalization of $81 million. Last year, Arotech earned more than $3.3 from its operations. Other positive signals that the company is doing well include a price-earnings ratio (P/E) of 14.83 and earnings per share (EPS) of $0.22.
CRNT delivers voice and data services worldwide. Apart from that, it provides wireless backhaul solutions and renders transmission services to private network operators. In the last few weeks, the shares have risen from $3.80 to $4.25. The last quarter of the fiscal year 2018, the company generated $11.6 million. Besides that, the total assets and liabilities stand at $283 and $123 million respectively.
ZIX offers data loss encryption and BYOD security services. The company serves organizations in insurance, financial services, healthcare, and government sectors. When it comes to the financial position of the company, ZIX has recorded remarkable growth. The
first quarter of 2019, the company had revenues of $18.4 million which is equivalent to 10% growth. Currently, the penny stock is trading at $7 and has been growing steadily over the last five years. With privacy concerns growing every day in different corporations, ZIX is quite promising to investors.
The company provides travel and management solutions to various industries. In addition to that, it offers cloud computing software solution which enables customers and suppliers to connect. Today, Concur is the NO.1 provider in expense management services. The financial trends indicate the company is heading in the right direction. Currently, the share price stands at $ 124 per share. Click here to learn more about these stocks.
Novume provides technology solutions to firms and government agencies. It focuses on procuring critical human resources. Not to mention, they provide an array of services including:
• Risk management
• Strategic advisory
When you look at the financial strength, the assets can comfortably cover the liabilities. In the fiscal year 2018, total revenue was $48.6 million up from $21 million the previous year. And with the current growth rate, you should expect the share price to skyrocket.
This company offers logistics solutions to the North American petroleum industry. It owns in-basin terminals and mining facilities. In 2018, the total revenues stood at $843 million with a net profit of $141 million. And when we look at their balance sheet, the figures are quite impressive.
If you want to increase your odds of success when trading penny stocks, you have to equip yourself with some knowledge. Secondly, choose a broker who offers a decent platform. Needless to say, you must have a proven strategy that guarantees success. The more you learn how to surf in penny stock price movements, the better your profits will be.