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Best NASDAQ Penny Stocks

Whether their issuing company’s fortunes are rising or falling, the best penny stocks need to meet certain criteria as an investment or trading vehicle. The most relevant criteria for a penny stock consists of an exchange listing, whether that be on the Nasdaq or another SEC-regulated exchange. The best penny stocks should also have a liquid market, substantial daily volume and gradually increasing earnings since the company’s earnings generally reflect their profitability and propensity to stay in business.

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IZEA Worldwide (NASDAQ: IZEA)

With a 52-week range of $0.07–$3.13 per share, this penny stock definitely qualifies as an active mover. IZEA Worldwide creates and operates online marketplaces connecting content creators with marketers via its IZEAx platform. The company’s custom content development and influencer marketing allow for the scaling of marketing programs used by brands and agencies.

The company has been in business since it launched its first technology platform in 2006 to pay bloggers for content creation to promote particular brands. Since then, the company has been listed on the Nasdaq and provides services to some of the most recognized brands in the world.

IZEA Worldwide’s latest earnings report showed the company had lost $0.06 in the past quarter, but earnings have also increased by 22.41% so far this year after increasing by an impressive 57.3% in 2019. IZEA’s yearly range suggests that the stock has become unusually attractive to speculative penny stock traders.

3.51 0.19 (5.72%)
Volume 1.80M Market Cap 191.34M
3.19 - 3.76
0.07 - 7.45
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Electrameccanica Vehicles (NASDAQ: SOLO)

ElectraMeccanica Vehicles Corp. is a Canadian designer and manufacturer of electric vehicles. Its flagship product is the SOLO, a single-seat electric vehicle. It also manufactures and sells a 2-seat electric cars such as Tofino and eRoadster.

The automobile stock has a market cap of $594 million. It has a 52-week low of $0.89 and a 52-week high of $13.60. ElectraMeccanica Vehicles has high liquidity and trades more than 6.1 million shares per day. It generated revenue of $775 million in 2019.

5.18 0.135 (2.67%)
Volume 4.09M Market Cap 555.87M
4.9701 - 5.43
0.8901 - 13.6
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Future FinTech Group (NASDAQ: FTFT)

Headquartered in Florida, Miami, Future FinTech Group is a leading blockchain technology company. It primarily serves clients in the e-commerce industry from all over world including the U.K, China, Japan, Singapore, BVI and Cayman Islands. Future FinTech’s products include Chain Cloud Mail, DCON and NONOGIRL.

The blockchain stock has a market cap of $83 million and has an EPS of $2.7480. It trades more than 92,000 shares per day. Future FinTech generated revenue of $955 million in 2019.

4.84 0.1 (2.11%)
Volume 1.14M Market Cap 288.18M
4.73 - 5.1
0.65 - 11.29
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(: )

Based in South Burlington, Vermont, The Peck Company is a family-owned electrical contractor. It is a leading provider of engineering, procurement and construction services to solar energy customers. These projects can involve producing several kilowatts for residential loads to multi-megawatt systems for large commercial and public spaces.

The solar stock has a market cap of $34 million. It has high liquidity and trades over 107,000 shares per day. The Peck Company generated revenue of $28 million in 2019.

0.000 (%)
Volume 0.00K Market Cap 0.00K
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NASDAQ Penny Stocks Movers of the Day

Big moves in the price of penny stocks can happen at any time, but they generally occur after a major news announcement. Such price-moving events might include earnings releases, a sudden change in the company’s management or another news item that might directly affect the company’s business. Other reasons behind big moves in penny stocks can include stock splits, reverse stock splits or dividend announcements. If you’re interested in reading more about trading penny stocks, click here.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket NASDAQ Penny Stocks
Symbol Last Price Change % Change Trade
EYES 11.81 6.02 103.97% Trade
OPGN 3.659 1.699 86.68% Trade
ANCN 5.5997 2.26 67.65% Trade
JAGX 2.4201 0.82 51.25% Trade
IDRA 5.2522 1.092 26.25% Trade
LYL 1.695 0.335 24.63% Trade
MOXC 2.468 0.478 24.02% Trade
OPTT 3.2187 0.569 21.46% Trade
AEZS 1.11 0.19 20.65% Trade
BSQR 4.46 0.73 19.57% Trade
Symbol Last Price Change % Change Trade
SLNO 1.49 -1.2 -44.61% Trade
LKCO 0.8133 -0.187 -18.67% Trade
XTLB 3.31 -0.44 -11.74% Trade
SIFY 3.5211 -0.419 -10.64% Trade
STG 1.07 -0.11 -9.33% Trade
XXII 2.1799 -0.22 -9.18% Trade
BGI 3.1717 -0.318 -9.13% Trade
VTNR 1.26 -0.11 -8.03% Trade
KOS 3.11 -0.27 -7.99% Trade
MKD 1.165 -0.095 -7.54% Trade
Market NASDAQ Penny Stocks
Symbol Last Price Change % Change Trade
ANCN 5.36 2.02 60.47% Trade
EYES 9.01 3.22 55.61% Trade
MYT 4.86 1.46 42.94% Trade
XSPA 1.95 0.33 20.37% Trade
AKU 4.15 0.57 15.92% Trade
OPGN 2.23 0.27 13.77% Trade
CLIR 5.04 0.58 13% Trade
IDRA 4.7 0.54 12.98% Trade
HX 1.89 0.21 12.49% Trade
CTRM 0.8979 0.091 11.26% Trade
Symbol Last Price Change % Change Trade
SLNO 1.63 -1.06 -39.41% Trade
BGI 2.91 -0.58 -16.62% Trade
CHCI 4.23 -0.83 -16.41% Trade
XTLB 3.32 -0.43 -11.47% Trade
ENTX 1.26 -0.15 -10.64% Trade
LKCO 0.898 -0.102 -10.2% Trade
PBTS 3.01 -0.32 -9.61% Trade
HKIB 5.92 -0.58 -8.93% Trade
LEDS 4.06 -0.38 -8.56% Trade
NINE 3.3 -0.3 -8.34% Trade
After Hours NASDAQ Penny Stocks
Symbol Last Price Change % Change Trade
ANCN 4.71 1.37 41.01% Trade
TKAT 3.1 0.56 22.04% Trade
CLRO 3.99 0.56 16.32% Trade
GLBS 4.92 0.45 10.06% Trade
MDRR 1.99 0.17 9.34% Trade
TRCH 2.31 0.17 7.94% Trade
ENG 4.65 0.34 7.88% Trade
SENS 2.67 0.19 7.66% Trade
STRM 1.98 0.14 7.6% Trade
ICON 2.18 0.15 7.38% Trade
Symbol Last Price Change % Change Trade
YVR 1.6 -0.22 -12.09% Trade
XBIO 1.78 -0.23 -11.45% Trade
XTLB 3.34 -0.41 -10.94% Trade
EYES 5.19 -0.6 -10.37% Trade
AQST 4.09 -0.32 -7.26% Trade
SGOC 1.58 -0.12 -7.06% Trade
LKCO 0.93 -0.07 -7% Trade
TMBR 1.86 -0.14 -7% Trade
HKIB 5.92 -0.43 -6.78% Trade
VTVT 2.29 -0.15 -6.15% Trade

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The NASDAQ refers to the National Association of Securities Dealers Automated Quotations exchange. It was the world’s first all-electronic stock exchange and is subject to the regulatory oversight of the Financial Industry Regulatory Authority (FINRA). 

The term “penny stocks” traditionally referred to stocks trading under $1 per share, although some financial industry organizations and exchanges now consider stocks below $5 to fall into this category. 

The Nasdaq lists many promising companies with stocks that qualify as penny stocks, as well as some stocks that have declined in value because their issuing company may be approaching insolvency.  Penny stocks are also traded in other Securities and Exchange Commission (SEC) regulated markets like the New York Stock Exchange (NYSE) and the over-the-counter (OTC) market. 

Overview: NASDAQ Penny Stocks 

Penny stocks have a particular dynamic that sets them apart from their higher-priced counterparts. Generally, a company with a penny stock has either recently met Nasdaq’s listing requirements and had its stock listed at a low price, or its stock’s price has declined to the penny stock level as a result of a slide in business revenue or another adverse event that may hurt its future prospects.  

Nasdaq listing requirements state that a stock must trade at $4 or higher and have at least 3 market makers for the stock. Still, the company may qualify for its stock to close under $3 or even $2 per share if it meets certain criteria.  

Once the company fails to meet Nasdaq’s listing criteria due to a stock price decline, then its penny stock generally winds up listed on the “pink sheets” of the over-the-counter OTC Markets Group exchange (OTCQB) or the OTC Bulletin Board (OTCBB). This could also happen if the stock is undergoing delisting from the NYSE or the American Stock Exchange, Inc. (AMEX) because it fails to conform to those exchanges’ maintenance-of-listing standards.

A major advantage of trading penny stocks is their high volatility, although the extra risk involved can seem unsettling for conservative investors. For example, the frequency of stocks priced at $0.05 per share trading up to $0.10 is generally higher than a $5 stock rallying to $10. Investing in penny stocks can produce higher returns with less capital invested, and buying them involves limited risk since they cannot go below $0 in value. 

Best Online Brokers for NASDAQ Penny Stocks 

Some of the largest commission-free online stockbrokers make the best online brokers for Nasdaq penny stocks. Brokers that charge no commission for stock trades include Charles Schwab, TradeStation, E*TRADE, Robinhood and Fidelity. All of those stockbrokers can execute orders for penny stocks listed on SEC-regulated exchanges, such as the Nasdaq and the NYSE. 

If you plan on trading more speculative OTCBB or OTCQB (pink sheet) stocks, then check with your broker to see if they can even execute your orders in the stock. You could also consider using TD Ameritrade as your stockbroker since they charge just $6.95 for a roundtrip (buy/sell) on the OTCQB exchange. 

Best For
Intermediate Traders and Investors
Overall Rating
Get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in mutual funds, bonds or OTC stocks
Best For
Futures Trading
Overall Rating
Get started securely through TradeStation’s website
Best For
Futures Trading
N/A
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Best For
Options Trading
Overall Rating
Get started securely through TD Ameritrade’s website
Best For
Options Trading
N/A
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates
Best For
Advanced traders
Overall Rating
Get started securely through Moomoo’s website
Best For
Advanced traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For
  • Cost-conscious traders
  • Novice traders
  • Active/Advanced traders
Pros
  • Free Level 2 market data for all users who open an account
  • Commission-free trading in over 5,000 different stocks and ETFs
  • Over 8,000 different stocks that can be sold short
  • $0 contract fee for trading options, no commission either
  • Strong market data and analysis tools with over 50 technical indicators
  • Access trading and quotes in pre-market (4 a.m. to 9:30 a.m. ET) and post-market hours (4 p.m. to 8 p.m. ET)
  • No minimum deposit to open an account.
  • Active trading community with more than 100,000 app users
Cons
  • No phone or chat support

Are Penny Stocks for You?

Few full-priced stocks can match the percentage returns potentially obtained by trading penny stocks. While our Nasdaq penny stock picks currently trade at higher levels to qualify for listing on that exchange, you can find interesting stocks trading under 10 cents per share that could easily rise significantly in value over time. Investing wisely in penny stocks could help you double or even triple your money. 

The attractive risk-reward ratio, limited downside and low capital outlay involved in penny stock speculation might seem very attractive if you think you can pick the right stocks to invest in. Still, keep in mind that buying many of these low-priced stocks represents an extremely speculative investment, so your capital could be at risk if a company you invested in becomes insolvent.

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