Are pennies lucky? Check out these penny stocks in the limelight

Summary

  • Alkaline Water (NASDAQ: WTER) has a market capitalization of US$180 million. It gave a 98.01% return YTD. 
  • Vislink Technologies (NASDAQ: VISL) shares outstanding are 45.65 million. The stock gave a 68.36% return YTD. 
  • Sypris Solutions (NASDAQ: SYPR) has a P/E ratio of 306. The stock raked in 100.66% gains YTD.

Penny stocks have a value of less than US$5 per share. These stocks are usually risky from the investment point of view, and thus investors must ensure proper diligence before investing.

However, penny stocks can gain considerably in the long run if companies follow sound financial and management practices.

Here we explore eight penny stocks that have delivered significant growth year to date.

Advaxis, Inc. (NASDAQ: ADXS) is a clinical-stage biotechnology company in the US. Its market capitalization is US$ 63 million. The share outstanding is 145.64 million.

Its revenue for the quarter ended April 30, 2021, was US$ 1.37 compared to US$ 250,000 in the prior year April quarter. The incurred net loss was US$ 5.1 million or US$ 0.04 per share compared to US$ 6.27 million in a year-ago period. 

The stock gave a 27.39% return YTD at the closing price of US$0.4296 on Aug 4, 2021.

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The Alkaline Water Company Inc. (NASDAQ: WTER) is engaged in distributing and marketing bottled alkaline water for retail consumers. The company has a market capitalization of US$ 180 million, and its outstanding shares are 91.76 million.

Its quarter and Fiscal year ended on March 31, 2021. The revenue for the year was US$ 46.6 million compared to US$ 38.4 million in FY 2020. The net loss was US$ 16.4 million or US$ 0.24 per share diluted, compared to US$ 14.8 million in the previous fiscal year. 

It gave a 98.01% return YTD. The stock closed at US$ 1.91 on Aug 4, 2021. 

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Marrone Bio Innovations, Inc. (NASDAQ: MBII) is an agricultural company that provides biological products for crop health, crop nutrition and crop protection.

It has a market capitalization of US$ 212 million, and outstanding shares are 175.29 million.

 

Marrone will declare second-quarter results on Aug 16, 2021.

The revenue for the March quarter of 2021 was US$ 11 million compared to US$ 9.7 million a year ago. The net loss reduced to US$ 3.26 million or US$ 0.02 per share diluted, compared to US$ 7.02 million in the March quarter of 2020. 

The stock gained 10.40% YTD at the closing price of US$1.33 on Aug 4, 2021.

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Allied Esports Entertainment, Inc. (NASDAQ: AESE) offers esports properties and content production facilities services and operates worldwide as an esports entertainment venture.

The market capitalization of Allied Esports is US$ 80.6 million. Its share outstanding is 39.14 million.

The Revenue for the March quarter 2021 was US$ 501 thousand while it was US$ 1,058 thousand in the previous year corresponding quarter. The net loss incurred was US$ 3.34 million, or US$ 0.04 per share, compared to the net loss of US$ 8.78 million, or US$ 0.01 per share in the prior year March quarter. 

Allied Esports stock closed at US$ 2.02 on Aug 4, 2021. The year-to-date return was 28.80%.

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Hill International, Inc. (NYSE: HIL) is engaged in project and construction management. Hill also involves consulting services for the buildings, environmental, energy, transportation, and industrial markets. 

The market capitalization of the company is US$ 124.6 million. The share outstanding is 56.63 million.

Its revenue for the March quarter of 2021 was US$ 87 million compared to US$ 93 million in Q1, 2020. Its net loss was US$ 2.69 million or US$ 0.05 per share diluted, compared to US$ 6.58 million or US$ 0.12 per share diluted in the March quarter previous year. 

The stock closed at US$2.1 on Aug 4, 2021. Hill grew 14.59% year-to-date.

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Vislink Technologies, Inc. (NASDAQ: VISL) provides solutions for live news, entertainment, and sports events collection for broadcasting.

Its market capitalization is US$ 101.8 million, and the shares outstanding are 45.65 million.

The company will declare the second-quarter result on 16 August. 

The revenue for March quarter 2021 was US$ 4.09 million compared to US$ 5.35 million in the year-ago period. The net loss was US$ 2.67 million against the net loss of US$ 4.43 million. 

The stock closed at US$2.15 on Aug 4 and gave a 68.36% return YTD.

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Castor Maritime Inc. (NASDAQ: CTRM) provides seaborne transportation services for iron ore, coal, grain, cement, bauxite, sugar, scrap metal, among many others. With outstanding shares of 89.96 million, Castor has a market cap of US$ 220 million.

For the June quarter of, 2021 its revenue was US$ 21.8 million, and net income was US$ 6.5 million, or US$ 0.07 per share. The revenue was US$ 2.6 million, and the company incurred a net loss of US$ 0.1 million in the June quarter of 2020.

The stock closed at US$2.02 on Aug 4, 2021, and it rose nearly 33.51% YTD. 

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Sypris Solutions, Inc. (NASDAQ: SYPR) is engaged in providing outsourced services and specialty products. Its segments are Sypris Technologies and Sypris Electronics.

Its market capitalization is US$ 66 million and a P/E ratio of 306. Sypris total outstanding shares are 21.47 million. 

For the quarter ended April 4, 2021, Sypris’s revenue and was US$ 19.98 million against US$ 22.43 million in the same quarter of 2020. The net loss was US$ 1.63 million, or 0.08 per share compared to a net loss of US$ 305 thousand or US$ 0.01 per share, in a year-ago period.  

The stock raked in 100.66% return YTD at the closing price of US$3.04 on Aug 4, 2021.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.

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