Best NASDAQ Penny Stocks

Transocean (NYSE: RIG)

3.49 0.21 (6.4%)
3.29 - 3.51
2.63 - 5.56

Transocean Ltd commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico. Transocean’s customers tend to be national oil companies, independents, and international oil companies.

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Electrameccanica Vehicles (NASDAQ: SOLO)

1.35 -0.1 (-6.9%)
1.35 - 1.52
1.22 - 4.71

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.

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Future FinTech Gr (NASDAQ: FTFT)

0.42 0.0268 (6.86%)
0.3951 - 0.43
0.3601 - 3.61

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.

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Better Therapeutics (NASDAQ: BTTX)

1.87 -0.01 (-0.53%)
1.73 - 1.88
0.912 - 29.4

Better Therapeutics Inc is a prescription digital therapeutics company developing a novel form of cognitive behavioural therapy to address the root causes of cardiometabolic diseases. The company has developed a proprietary platform for the development of FDA-regulated, software-based solutions for type 2 diabetes, heart disease and other conditions.

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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.

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Premarket NASDAQ Penny Stocks
Symbol Last Price Change % Change Trade
STAF 6.88 6.21 926.86% Trade
BNTC 1.2099 0.47 63.49% Trade
TBLT 2.67 0.93 53.44% Trade
WISA 0.859 0.257 42.69% Trade
FEMY 2.1259 0.586 38.04% Trade
BOXD 2.34 0.55 30.72% Trade
SERA 1.69 0.39 29.99% Trade
WRAP 2.3427 0.473 25.27% Trade
FNGR 1.726 0.346 25.07% Trade
EQOS 0.9599 0.191 24.79% Trade
Symbol Last Price Change % Change Trade
TENX 0.2737 -0.31 -53.15% Trade
PBLA 0.6353 -0.435 -40.63% Trade
MMAT 1.185 -0.725 -37.96% Trade
IFRX 0.7865 -0.393 -33.35% Trade
UPC 0.658 -0.322 -32.86% Trade
QTNT 0.269 -0.131 -32.75% Trade
AGTC 0.6112 -0.213 -25.84% Trade
AVYA 2.855 -0.905 -24.07% Trade
DMAC 1.7501 -0.52 -22.91% Trade
CRVS 0.85 -0.25 -22.73% Trade
Market NASDAQ Penny Stocks
Symbol Last Price Change % Change Trade
STAF 6.71 6.04 901.49% Trade
TBLT 3.01 1.27 72.98% Trade
GNLN 0.4003 0.138 52.32% Trade
MITQ 1.39 0.31 28.7% Trade
BHAT 3.47 0.74 27.1% Trade
JAGX 0.365 0.062 20.58% Trade
FRGT 1.57 0.24 18.04% Trade
EZFL 0.6 0.085 16.52% Trade
HOTH 0.4597 0.06 14.92% Trade
SLDB 0.676 0.076 12.66% Trade
Symbol Last Price Change % Change Trade
QTNT 0.31 -0.09 -22.51% Trade
BSGM 0.8047 -0.195 -19.53% Trade
BBLG 1.35 -0.19 -12.35% Trade
OMEX 2.5 -0.35 -12.29% Trade
ABVC 0.8304 -0.11 -11.66% Trade
ATIF 1.9 -0.2 -9.53% Trade
ISPC 2.25 -0.22 -8.91% Trade
PRFX 0.9166 -0.083 -8.35% Trade
IFRX 1.09 -0.09 -7.63% Trade
VEDU 1.71 -0.14 -7.57% Trade
After Hours NASDAQ Penny Stocks
Symbol Last Price Change % Change Trade
IDRA 0.4737 0.144 43.54% Trade
TENX 0.4395 0.129 41.59% Trade
PBLA 0.86 0.248 40.52% Trade
IFRX 1.0499 0.269 34.43% Trade
KRBP 0.4707 0.111 30.75% Trade
FNHC 0.3388 0.079 30.3% Trade
HSDT 1.5699 0.32 25.59% Trade
BLPH 1.15 0.23 24.99% Trade
AGTC 0.743 0.126 20.42% Trade
EBON 0.4408 0.07 18.91% Trade
Symbol Last Price Change % Change Trade
BRQS 0.1442 -0.033 -18.86% Trade
PASG 2.1 -0.45 -17.65% Trade
AVTX 0.4695 -0.056 -10.73% Trade
MHLD 2.16 -0.24 -10% Trade
FBRX 1.18 -0.12 -9.24% Trade
MXCT 4.57 -0.46 -9.15% Trade
IDAI 1.69 -0.16 -8.65% Trade
ITP 0.155 -0.014 -8.45% Trade
NMTR 0.35 -0.03 -7.9% Trade
EFOI 1.52 -0.13 -7.88% 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 Open Market or OTC Market. 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 reasonable commissions for a roundtrip (buy/sell) on the OTCQB exchange. 

get started securely through Webull’s website
Best For
Intermediate Traders and Investors
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
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Intuitive trading platform with technical and fundamental analysis tools
  • Does not support trading in mutual funds, bonds or OTC stocks
get started securely through Moomoo’s website
Best For
Active Traders
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
  • Active and Advanced traders
  • Over 8,000 different stocks that can be sold short
  • 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.
  • No chat support
get started securely through eTrade’s website
Best For
Desktop Trading
1 Minute Review

E*TRADE is an online discount trading house that offers brokerage and banking services to individuals and businesses. One of the first brokers to embrace online trading, E*TRADE not only survived both the dot-com bubble and Recession — it thrived. You can choose from two different platforms (one basic, one advanced). E*TRADE is a suitable broker for traders of most skill levels, whether you want to buy mutual funds and hold them for decades or dabble in options swing trading. E*TRADE offers a library of research and education materials to help you out.

Best For
  • Active traders
  • Derivatives traders
  • Retirement savers
  • Sophisticated trading platforms
  • Wide range of tradable assets
  • Exceptional customer service
  • Limited currency trading
  • Higher margin rates than competitors
  • No paper trading on its standard platform
get started securely through Interactive Broker’s website
Best For
GlobalAnalyst Product
1 Minute Review

This latest groundbreaking technology is IBKR GlobalAnalyst, a new trading tool that helps investors compare the rate of PEG or price-earnings growth valuations and provide more immediate and comprehensive financial metrics of stocks, globally.

Recognizing that stock selection can be challenging for investors to compare the valuations of domestic and international stocks, Interactive Brokers created GlobalAnalyst to offer investors a simple, yet powerful tool to easily evaluate investment opportunities around the world.

Using GlobalAnalyst, investors can search for stocks by region, country, industry, market capitalization and currency to uncover undervalued stocks worldwide. The resulting table displays the current market and financial metrics, including the PEG Ratio. The PEG Ratio is the PE ratio divided by the three-year compound earnings growth rate, and smaller PEG Ratios typically indicate undervalued companies.

Best For
  • Price earnings growth valuations
  • Easily evaluate investment opportunities
get started securely through CenterPoint Securities’s website
Best For
Momentum traders
1 Minute Review

CenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.

Best For
  • Intermediate to Advanced traders
  • High-volume traders
  • Momentum traders
  • Short sellers
  • Unrivaled access to short inventory
  • Flexible order routing for improved executions
  • Discounts for active traders
  • Advanced platform with fast executions
  • Reliable customer service
  • Not designed for beginner or low-volume traders

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.

Related content: Penny Stock Trading Courses

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