5 Penny Stocks That Are Poised for Large Growth
Most people consider penny stocks to be a gamble at all times. Others see them as a way to set up a scam like a pump and dump, just not on the level of what happened with the GameStop stock. Doing the right research can find hidden gems that can raise in value, though this can take years even if the company is somewhat of a household name. These are purchases that a person needs to make sure they can be patient with, both in whether they make the buy and when they will sell them for chances at profit.
The five stocks that are to be listed in this article are looked at through the eyes of multiple experts. That does not mean that they are going to grow in a manner that can be good for a regular investor. Any person that buys stocks needs to constantly look into the companies that they have put money into. This means constantly visiting the websites for Bloomberg, Yahoo Finance, and other such news sites. There is a constant need to see what companies are available and are able to be a good fit for an individual investment portfolio.
AzurRx BioPharma (ticker AZRX) is in the process of securing approval for a cancer drug that can handle endocrine cancer and help with cystic fibrosis. This is in addition to their different solutions to gastrointestinal diseases. This is a company that has been presenting its pharmaceutical findings to various groups that can help with the processes necessary for smaller companies to make an impact. This is also the type of company that could have a larger company buy them out, which could raise the prices and bring profit to investors. AZRX is positioned to show outstanding growth prospects.
Heritage Offshore Services LTD (ticker HOFSQ) is a company that operates platform service vessels that work primarily with offshore oil platforms. They help transport necessary supplies and equipment for oil exploration companies all over the world. They operate in places that are not in normal shipping lanes and provide necessary services to make sure the employees for the exploration companies have all their needs for both professional and personal time. The company was founded in 2016 and has people in charge that understand the industry intimately. With the need for petroleum still strong, this is still very necessary.
Sonim Technologies (ticker SONM) is a manufacturer of phone technologies that work in any number of hazardous environments around the world. This has growth potential, especially as there is a growing search for natural resources in locations that are farther and farther away from more civilized parts of the world. Communication has become instantaneous in the modern world and people in dangerous locations need it more than any other individual. They are considered the manufacturer of the toughest phones available on the market and have been in business since 1999. Any investment in this field can bring growth.
Electrameccanica Vehicles (ticker SOLO) designs and makes electric vehicles that have three wheels. They are classified as motorcycles, but are fully enclosed with many comforts of an automobile. This is a company that may not have the heft of Tesla, but is poised to be profitable within large and medium cities. The vehicles only seat one person, but can allow for innovations in many ways. Any person looking to get in on the ground floor of an electric vehicle company with a good reputation should look into Electrameccanica for an opportunity to see large growth in portfolios.
Apex Global Brands (ticker APEX) has been around longer than any of the other brands on this list. They are a global clothing and shoe company that has shown they can keep relevant since 1973. They have several known brands under their umbrella and have been making moves over the past year that has investment professionals taking notice. They may still be in the penny stock realm of investment, but they are known for being able to innovate with new markets in a manner that keeps them profitable. This is a different style of stock for investors.
These are five of the least volatile stocks within the penny stock arena that show stability and growth potential. These can be the right investment for a person who does their research.