Butler Ntl (OTC:BUKS) Stock, Quote.Headers.trade-ideas

Butler National Corp is involved in the design, manufacturing, sale, installation, repair, modification, overhaul, service, and distribution of a wide range of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. The company has two operating segments: Professional Services and Aerospace Products. Its main source of revenue comes from the Aerospace Products segment. The Professional Services segment offers professional management services in the gaming industry, as well as professional architectural and engineering services. The company operates in North America, Europe, Asia, Australia, and other geographical regions.

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The Dow Jones index closed higher by more than 300 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Butler National And 2 Other Penny Stocks Insiders Are Buying

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The Dow Jones index closed higher by more than 200 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Insiders Buying OPKO Health And 2 Other Penny Stocks

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The Dow Jones closed higher by more than 500 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

VerifyMe And 3 Other Stocks Under $2 Insiders Are Buying

BUTLER NATL CORP by Butler National Corp.

Butler National Corp

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With their low prices and tendency to be more volatile than the overall market, many investors see&nbsp;<a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> as a possible opportunity for extremely high returns.</p>
<p>Yet while the opportunity is there to generate fast gains in a short time frame, this may not be the best approach. A better way to approach these types of types is with a strategy more long-term in nature.</p>
<p>Penny stock movements can be unpredictable. This makes success in day or swing trading in such names a lot easier-said-than-done for most investors.</p>
<p>However, by investing instead of trading, and having the patience/stomach to ride out near-term volatility, there are plenty of promising plays in &ldquo;penny stock territory&rdquo; that could produce strong gains over the course of a decade.</p>
<p>These gains could arrive from organic growth, the impact of a turnaround, or merely from the market discovering an under-the-radar stock, and re-pricing it at a valuation more in line with the company&rsquo;s underlying valuation.</p>
<p>So what are some examples of such plays? Consider these seven. A mix of deep value plays and promising growth stories, each one has the potential to triple in price between now and 2033.
</p>
<h2>Butler National (BUKS)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2019/08/casino1600-300x169.jpg" alt="a room of slot machines in a casino to represent gambling stocks" width="300" height="169"><div>Source: Shutterstock</div></div>
<p>Aviation and casino gaming company <strong>Butler National</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/buks-stock-quote/"><strong>BUKS</strong></a>) has more than quadrupled in price over the past decade. In more recent years, shares have delivered a mixed performance.</p>
<p>Is another hot run possible? Another four-fold jump may be a stretch, but a tripling in price could be within reach.</p>
<p>How so? There are many factors in play that could drive such gains for BUKS stock within ten years. As I discussed back in August, a recent shake-up in the C-suite points to <a href="https://investorplace.com/best-penny-stocks/https://investorplace.com/best-penny-stocks/" target="_blank">significant cost savings</a> compared to the company&rsquo;s recent earnings.</p>
<p>The company could also continue to aggressively repurchase shares, which may place upward pressure on the stock.</p>
<p>Finally, within a decade, this diversified company could finally close the gap between its stock price and the underlying value of its businesses. This could be achieved by selling/spinning off one of its two main operating businesses.</p>
<h2>Broadwind (BWEN)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy" width="300" height="169"><div>Source: Proxima Studio / Shutterstock.com</div></div>
<p>For investors looking for &ldquo;green wave&rdquo; exposure, <strong>Broadwind</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bwen-stock-quote/"><strong>BWEN</strong></a>) may be one of the best penny stocks out there.</p>
<p>While this renewable energy equipment stock plunged after the clean energy stock bubble burst in 2021, so far in 2023 shares have performed very well, with BWEN soaring by 95.5%.</p>
<p>Yet while those who bought in at or near multi-year have already seen big gains on their BWEN stock investment, it&rsquo;s not too late to buy, for the potential for threefold gains. Not only does such a return seem within reach between now and 2033.</p>
<p>A tripling-in-price could arrive far sooner. Why? Forecasts call for Broadwind&rsquo;s annual earnings to hit <a href="https://www.wsj.com/market-data/quotes/BWEN" target="_blank">73 cents per share in 2024</a>.</p>
<p>With additional growth in the years that follow, BWEN will only need to maintain its current earnings multiple (around 12.5) to hit triple from current levels ($3.50 per share).</p>
<h2>Exro Technologies (EXROF)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2023/05/electric-vehicle-ev-stocks-charging-black-neon-1600-300x169.jpg" alt="Electric car backlit by cyan blue neon light next to EV charger with cyan blue light and lightning bolt symbol, all against a black background. ev stocks to sell now" width="300" height="169"><div>Source: shutterstock.com/JLStock</div></div>
<p>Speaking of renewable energy-exposed stocks with big potential, <strong>Exro Technologies</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/exrof-stock-quote/"><strong>EXROF</strong></a>) is another such example.</p>
<p>Based in Canada, Exro is an early-stage company focused on developing components for electric vehicles, as well as battery control systems for energy storage systems.</p>
<p>Also like BWEN, EXROF stock was buried post-bubble in 2021 and 2022, yet has embarked on a comeback more recently, rising by around 119.3% in the past year.</p>
<p>The company is <a href="https://www.exro.com/news/exro-technologies-announces-second-quarter-2023-financial-results" target="_blank">now is in the commercialization stage</a>, and has signed new agreements with manufacturers interested in utilizing its technology.</p>
<p>In turn, Exro may be poised to report a materially higher level of revenue over the next few years, perhaps to the extent that it finally reaches the point of profitability.</p>
<p>Such progress is likely sufficient for EXROF to re-hit past highs (over $5 per share), which are more than three times the stock&rsquo;s current trading price.</p>
<p></p>
<h2>Full House Resorts (FLL)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2019/10/fll-stock-1-300x169.jpg" alt="" width="300" height="169"><div>Source: mikeledray / Shutterstock.com</div></div>
<p>Shares in <strong>Full House Resorts</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fll-stock-quote/"><strong>FLL</strong></a>) have fallen by more than 50% since earlier this year, but that isn&rsquo;t a sign to stay away. If you&rsquo;re looking for penny stocks with the potential to triple within a decade, this casino operator is worth considering.</p>
<p>Although Full House has reported negative earnings in recent quarters, <a href="https://investors.fullhouseresorts.com/news-events/press-releases/detail/291/full-house-resorts-announces-second-quarter-results" target="_blank">pre opening and development costs</a> associated with two new or upcoming casino projects have been a key reason for these losses. As the company&rsquo;s two latest properties (American Place in Illinois, Chamonix in Colorado) become operational, profitability could bounce back in a big way.</p>
<p>Per sell-side forecasts, earnings could come in at 65 cents per share in 2025. Add in the potential for this casino operator to develop/acquire additional properties, and/or monetize its casino real estate, and there&rsquo;s much in play for FLL stock to triple in price by 2033.</p>
<h2>Oppfi (OPFI)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains" width="300" height="169"><div>Source: shutterstock.com/ZinetroN</div></div>
<p>Macro uncertainties like rising interest rates and the threat of recession have hit <a href="https://investorplace.com/industries/financial/fintech/">fintech stocks</a> like <strong>Oppfi</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/opfi-stock-quote/"><strong>OPFI</strong></a>) especially hard since 2021.</p>
<p>However, investors have this year started to dive back into such names, as it becomes apparent the market went overboard pushing them to heavily discounted prices.</p>
<p>In recent months, OPFI stock has experienced a noticeable jump in price. Mostly, due to this installment loan company&rsquo;s reporting of strong results for the preceding quarter. Last quarter, earnings rose by <a href="https://s27.q4cdn.com/889956127/files/doc_financials/2023/q2/OppFi-Reports-Second-Quarter-2023-Results-Raises-Full-Year-Earnings-Outlook-2023.pdf" target="_blank">90%</a> year-over-year. Oppfi also raised its full-year outlook.</p>
<p>With this, past pessimism is looking like an overreaction. Despite moving higher, OPFI still trades at a low valuation. You can buy this stock today at a forward earnings multiple of just 6.2. Oppfi&rsquo;s valuation could expand, as economic conditions normalize.</p>
<p>This, combined with continued growth, could propel shares from $2.40 to $7.20 per share.</p>
<h2>Pagaya Technologies (PGY)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/07/fintech_1600-300x169.jpg" alt='A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Fintech Stock Bargains' width="300" height="169"><div>Source: Wright Studio / Shutterstock.com</div></div>
<p><strong>Pagaya Technologies</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/pgy-stock-quote/"><strong>PGY</strong></a>) is another hard-hit fintech beginning to bounce back on improved sentiment. Shares in Pagaya, which develops AI-power models for loan underwriting, surged and sank during 2022, falling to as low as 57 cents per share.</p>
<p>PGY stock remains in the&nbsp;penny stocks category, but it has bounced back by around 30.5% this year. Just like Oppfi, <a href="https://seekingalpha.com/news/4001357-pagaya-stock-surges-after-guidance-boost-beats-on-q2-revenue-adjusted-ebitda" target="_blank">improved results</a> have driven this. However, as Pagaya continues to <a href="https://investor.pagaya.com/news-releases/news-release-details/pagaya-closes-600-million-consumer-loan-asset-backed" target="_blank">securitize loans</a> and <a href="https://investor.pagaya.com/news-releases/news-release-details/pagaya-announces-partnership-westlake-financial-showcasing" target="_blank">form strategic partnerships</a>, the company appears primed to keep scaling up.</p>
<p>This growth could keep the stock moving steadily higher, especially if/when consistent profitability is reached.</p>
<p>Given the potential for this relatively small fintech to become a major name in an increasingly digitized financial services space, not only is a threefold jump within ten years possible.</p>
<p>PGY may have the potential to re-hit its past high-water mark (around $25 per share) within this time frame.</p>
<h2>Pitney Bowes (PBI)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/08/pbi-stock-1-300x169.jpg" alt="The office logo for Pitney Bowes on a glass building." width="300" height="169"><div>Source: JHVEPhoto / Shutterstock.com</div></div>
<p>I may sound like a broken record, arguing the bull case for <strong>Pitney Bowes</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/pbi-stock-quote/"><strong>PBI</strong></a>), but among penny stocks to buy, shares in this business products company have one of the most clear-cut paths to substantial upside.</p>
<p>Back in May, an activist investment firm (Hestia Capital) gained four seats on the company&rsquo;s board. During the proxy fight, Hestia laid out its transformation game plan for Pitney Bowes.</p>
<p>As I recently argued, <a href="https://investorplace.com/2023/10/q4-stock-predictions-7-penny-stocks-ready-to-roar-into-2024/" target="_blank">the recent exit of longtime CEO Marc Lautenbach</a> points to Hestia being able to fully implement this ambitious plan.</p>
<p>Said plan includes material cost-cutting, organic growth investments into one of PBI&rsquo;s faster-growing subsidiaries, and the divestiture of one of its other main operating segments.</p>
<p>If successful, this plan could result in PBI stock climbing from $3.68 per share today, to <a href="https://uploads-ssl.webflow.com/6410818a1211df4ae5494155/643602f1aede5a4bf0397dfb_Hestia%20Capital%20Investor%20Presentation%20-Transform%20Pitney%20Bowes%20(April%202023).pdf" target="_blank">between $11.34 and $16.33 per share</a>. That&rsquo;s well over three times PBI&rsquo;s current stock price.</p>
<p><em><span>On the date of publication, Thomas Niel</span>&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div>
<p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p>
</div>
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<p>The post <a href="https://investorplace.com/2023/10/these-7-penny-stocks-could-triple-your-investment-in-a-decade/">These 7 Penny Stocks Could Triple Your Investment in a Decade</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

These 7 Penny Stocks Could Triple Your Investment in a Decade

Alluvial Capital Management Q3 2023 Letter To Partners

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There are ample opportunities among undiscovered <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> because there are two ways that shares can move higher. First, via price discovery. Undiscovered names, especially in the OTC market, can be undervalued and then re-rated as investors bid them up. Second, these small companies often see major improvements in performance. This, too, can be a major driver for outsized gains.</p>



<p><strong>Elite Pharmaceuticals</strong> was one of my undiscovered penny stocks sit. <a href="https://investorplace.com/2022/09/7-best-penny-stocks-for-10-cents-or-less/">In 2022</a>, it was around 3 cents per share, 6 times earnings. Today, it&rsquo;s 19 cents per share, 10.8 times earnings. So, what are some examples of high-potential undiscovered penny stocks right? Take a look at these seven. Each one could generate tremendous gains in the coming years.</p>



<h2>Butler National (BUKS)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/casino1600-300x169.jpg" alt="a room of slot machines in a casino to represent gambling stocks"><div>Source: Shutterstock</div></div>


<p><strong>Butler National</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/buks-stock-quote/"><strong>BUKS</strong></a>) is an obscure stock I&rsquo;ve discussed before in past coverage of penny stocks. While primarily an aerospace products and services company, Butler also owns a casino (Boot Hill) in Dodge City, Kansas.</p>



<p>As I argued last October, the primary appeal with BUKS stock is its <a href="https://investorplace.com/2023/10/these-7-penny-stocks-could-triple-your-investment-in-a-decade/">low valuation, coupled with recent developments that could help shake off its &ldquo;value trap&rdquo; status</a>. Shares are sold for just 7.7 times forward earnings. Stocks in both aerospace and gaming, which are comparable, trade at multiples of at least double this figure.</p>



<p>Even if the company does not get bought out, something else could serve as a catalyst. Last year&rsquo;s management changes are set to both reduce overhead expenses, and perhaps result in the company making other moves (such as a stock market up-listing, or a spin-off of the casino business) that may help Butler escape obscurity, and to unlock shareholder value.</p>



<h2>California Nanotechnologies (CANOF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-man-figurine-300x169.jpg" alt="penny stocks. Penny Stocks with Potential"><div>Source: Shutterstock</div></div>


<p><strong>California Nanotechnologies</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/canof-stock-quote/"><strong>CANOF</strong></a>), also known as Calnano, is a provider of nanocrystalline materials for R&amp;D and industrial use. The company&rsquo;s shares have taken off in the past year (rising by more than 160%), but price discovery may not be over just yet.</p>



<p>Despite the significant increase in CANOF stock, it still trades at a reasonable valuation (11.7 times earnings). More importantly, as seen in Calnano&rsquo;s recent investor presentation, expected growth for one of the company&rsquo;s key markets (<a href="https://www.calnanocorp.com/Cal-Nano-Q3-2024-Investor-Presentation.pdf">the spark plasma sintering market</a>), suggests that a high level of growth may continue.</p>



<p>With this, CANOF may be well-positioned to both rise in line with earnings growth, as well as experience an expansion of its earnings multiple. In time, Calnano (which also trades in Canada on the <strong>TSX Venture</strong> exchange) could decide to move its U.S. stock market listing from the OTC market, to a major exchange.</p>



<h2>Comstock Holding (CHCI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/house-home-desert-housing-crisis-1600-300x169.jpg" alt="Flat cut-out image of house jammed into the crack of dry desert, symbolizing housing crisis"><div>Source: shutterstock.com/Roman Bodnarchuk</div></div>


<p>Investors looking to make a contrarian wager on commercial real estate have many choices, but one they may want to consider is <strong>Comstock Holding</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/chci-stock-quote/"><strong>CHCI</strong></a>). </p>



<p>Originally in the homebuilding business, in more recent years Comstock has become a commercial property management firm, managing primarily mixed-use developments in the Washington, D.C. metropolitan area.</p>



<p>CHCI stock has held steady, despite the continued worries about whether the commercial real estate market downturn will worsen or stabilize from here. This share price steadiness more than makes sense. Comstock&rsquo;s <a href="https://ir.comstock.com/news/news-details/2023/Comstock-Reports-Third-Quarter-2023-Results/default.aspx">revenue and earnings</a> keep growing, as seen from the company&rsquo;s Q3 2023 results.</p>



<p>Still, the market still seems to ignore this, assigning CHCI a valuation (6.7 times earnings) well below that of other publicly-traded property management companies (which trades for 10-15 times earnings). Greater awareness of Comstock, plus normalization of conditions in the commercial property space, could help to bridge this valuation gap.</p>



<h2>Greystone Logistics (GLGI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/polypropylene-plastic-1600-300x169.jpg" alt="A photo of a pile of red polypropylene plastic pellets."><div>Source: Anastasiia Burlutskaia / Shutterstock.com</div></div>


<p><strong>Greystone Logistics</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/glgi-stock-quote/"><strong>GLGI</strong></a>) may be up by 150% over the past year, but it&rsquo;s arguably still one of the undiscovered penny stocks. At least, based on this plastic pallet manufacturer&rsquo;s current valuation. </p>



<p>Yes, it is misleading to use the company&rsquo;s trailing twelve month earnings to value the stock.</p>



<p>Greystone&rsquo;s earnings last year were skewed by a one-time event (<a href="https://compliance-sec.com/secfilings/company/glgi/link_files/2023/08-28-2023/Form10-K(08-28-2023)GreystoneLogistics/Form10-K.pdf">the receipt of a massive pandemic-related refundable tax credit</a>). However, based on more recent results, such as <a href="https://compliance-sec.com/secfilings/company/glgi/link_files/2024/01-16-2024/Form10-Q(01-16-2024)GreystoneLogistics/Form10-Q.pdf">earnings of 3 cents per share</a> last quarter, it&rsquo;s clear cooling inflation and rebounding demand are helping to improve margins.</p>



<p>If this keeps playing out, GLGI stock could rise, as it becomes clear that the company is once again consistently-profitable thanks to its operating business, not because of tax credits. This could result in a re-rating, enabling this already strong-performing penny stock to add to its gains.</p>



<h2>Mama&rsquo;s Creations (MAMA)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/food-packaging-1600-300x169.png" alt="A photo of various food packaging containers."><div>Source: Pixel-Shot / Shutterstock.com</div></div>


<p>Admittedly, it may be a stretch to call <strong>Mama&rsquo;s Creations</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/mama-stock-quote/"><strong>MAMA</strong></a>) shares undiscovered. </p>



<p>In recent years, this purveyor of &ldquo;heat and serve&rdquo; foods has already experienced a high level of growth, as well as an outsized amount of price appreciation for its formerly OTC-listed, now NASDAQ-listed shares.</p>



<p>As recently as late 2022, MAMA stock traded for just over $1 per share. Today, it trades for $4.50 per share. Yet while the stock is up by a tremendous amount already, the potential is still there for shares to keep growing at a slower but still above-average pace.</p>



<p>Per sell-side forecasts, earnings could grow by as much as <a href="https://seekingalpha.com/symbol/MAMA/earnings">43.75%</a> this fiscal year (ending January 2025). While priced already like a growth stock at 26.7 times forward earnings, continued growth could help sustain this valuation, with shares moving higher in tandem with increased earnings.</p>



<h2>Power Solutions International (PSIX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/car_motor_1600-300x169.jpg" alt="A close-up photograph of a car engine representing SINT Stock."><div>Source: OlegRi / Shutterstock.com</div></div>


<p>If searching for deep value plays among undiscovered penny stocks, consider <strong>Power Solutions International</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/psix-stock-quote/"><strong>PSIX</strong></a>). Shares in this manufacturer of engines and power systems trade for only 2 times forward earnings.</p>



<p>Yes, there&rsquo;s somewhat of a rationale for the super-low valuation of PSIX stock. As InvestorPlace&rsquo;s Omor Ibne Ehsan discussed last November, Power Solutions International has <a href="https://investorplace.com/2023/11/buy-alert-analysts-say-these-3-growth-stocks-could-double-in-2024/">in the past been unprofitable</a>, reporting high levels of cash burn. This may mean investors are still skeptical about future operating performance.</p>



<p>Power Solutions could continue to handily beat expectations with subsequent quarterly results. Sell side forecasts call for earnings of <a href="https://seekingalpha.com/symbol/PSIX/earnings">$1.22</a> per share during 2024. This may only represent 14% earnings growth compared to 2023. </p>



<p>However, as this would also signal that the company has achieved consistent profitability, this may assuage investor concerns, resulting in (as Ehsan also argued previously), a major re-rating to the upside for shares.</p>



<h2>Vaso (VASO)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/biomedical-technology1600-300x169.png" alt="Modern Medical Research Laboratory with Computer, Microscope, Glassware with Biochemicals on the Desk. Scientific Lab Biotechnology Development Center Full of High-Tech Equipment. Biomedical technology stocks, RSLS Stock"><div>Source: Gorodenkoff / Shutterstock.com</div></div>


<p>At the same time I &ldquo;discovered&rdquo; ELTP, I also discovered medical technology company <strong>Vaso</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vaso-stock-quote/"><strong>VASO</strong></a>). Since then, many other investors have discovered it as well. </p>



<p>This, plus enormous improvements in Vaso&rsquo;s profitability, have resulted in a high amount of price appreciation for shares.</p>



<p>Trading for just over a dime in 2022, VASO stock today trades for around 28 cents per share. However, even after this big run-up, don&rsquo;t assume you have missed the boat. In fact, Vaso could pretty soon become even more greatly followed by the market.</p>



<p>How? Back in December, the company announced <a href="https://www.prnewswire.com/news-releases/vaso-corporation-a-diversified-medical-technology-company-currently-trading-on-the-otcqx-market-to-list-on-nasdaq-via-spac-merger-302009376.html">plans to merge</a> with special purpose acquisition company (or SPAC) <strong>Achari Ventures Holdings Corp I</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/avhi-stock-quote/"><strong>AVHI</strong></a>). </p>



<p>Merging with Achari, in effect a market uplisting and reverse split, could bring about a fresh wave of price discovery. Trading for just 4 times earnings, shares could receive a big re-rating after the SPAC merger closes.</p>



<p><em>On the date of publication, Thomas Niel&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div>	<div>
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<p>The post <a href="https://investorplace.com/?p=2652004">7 Undiscovered Penny Stocks Poised for Meteoric Rises</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Undiscovered Penny Stocks Poised for Meteoric Rises

Butler National GAAP EPS of $0.03, revenue of $18.96M

Butler National Corporation (BUKS) has shared an update. Butler National Corporation has successfully upgraded its market tier and commenced tradin...

Butler National Corporation Ascends to OTCQX Best Market

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>To find the best undiscovered <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>, first take a look at the over-the-counter (OTC) market. Why? Many of the best bargains among penny stocks, or stocks trading for $5 per share or less, can be found among equities that trade OTC.</p>



<p>Smaller and less liquid, institutional investors are less active in the OTC space. This can give individual investors the edge, as stock prices can often fail to fully take into account a stock&rsquo;s underlying value. Either from company-specific catalysts, or from a &ldquo;value is its own catalyst&rdquo; scenario playing out. This creates plenty of opportunity to find and make asymmetric wagers, or situations where upside potential vastly exceeds downside risk.</p>



<p>Having said this, even among penny stocks listed on major markets, you can find names that are both dirt-cheap and under-the-radar. Mainly, among listed penny stocks that are classified as microcap stocks. These are stocks with market capitalizations of $300 million or less.</p>



<p>A mix of OTC and major market-listed names, these are the top seven undiscovered penny stocks to consider buying right now.</p>



<h2>Acacia Research (ACTG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/actg-1600-300x169.jpg" alt="Acacia Research Corporation website homepage"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>Admittedly, one can argue that Main Street and Wall Street investors have already somewhat discovered <strong>Acacia Research</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/actg-stock-quote/"><strong>ACTG</strong></a></span>). Still, shares in this entity have yet to experience a breakout moment, in terms of market popularity and full price discovery. However, this may be changing.</p>



<p>Acacia Research is a holding company, controlled by investment firm <strong>Starboard Value</strong>. In prior coverage of ACTG stock, I&rsquo;ve talked about <a href="https://investorplace.com/2022/06/7-value-stocks-to-buy-priced-at-less-than-their-book-value/">Acacia&rsquo;s origins</a> as a net operating loss. And its efforts to monetize these tax loss carryforwards through the acquisition of undervalued companies. After several years of sideways price performance, ACTG has bolted higher so far in 2024. Mostly, due to the unveiling of promising news when Acacia reported its <a href="https://feeds.issuerdirect.com/news-release.html?newsid=4720784673251294">full-year 2023 results</a> back in March.</p>



<p>Realizing gains from a prior investment, and making a big bet on oil and gas, Acacia appears well-positioned to start hitting some big home runs. Best of all, even after a 25% move higher year-to-date, ACTG continues to trade at a discount to book value. As <em>InvestorPlace&rsquo;s</em> Yiannis Zourmpanos recently pointed out, Acacia has <a href="https://investorplace.com/2024/06/3-undiscovered-stocks-set-to-double-your-money/">over $400 million</a> in cash on hand, more than enough to plow into its next big deal.</p>



<h2>Barfresh Food Group (BRFH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/baby-food-300x169.jpg" alt="An image from above three cups of baby food, with little bites of vegetables scattered around them."><div>Source: Shutterstock</div></div><p><strong>Barfresh Food Group</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/brfh-stock-quote/"><strong>BRFH</strong></a></span>) has more than doubled over the past month. But it&rsquo;s still a name one can arguably classify as one of the undiscovered penny stocks. In a nutshell, Barfresh Food Group makes and sells smoothie and juice products. These products are sold primarily to schools, where they are served as part of school lunches.</p>



<p>Due to poor fiscal performance, BRFH stock sank from prices nearing $8 per share in 2022, to as low as $1 per share earlier this year. However, since May, shares have been making an incredible comeback. First, Barfresh bolted higher upon the release of <a href="https://feeds.issuerdirect.com/news-release.html?newsid=5265729059692397">improved results</a> and promising corporate updates. Second, a stock market commentator has recently started to spread the word about BRFH&rsquo;s upside potential.</p>



<p>As Substack publisher D&amp;A Metropolitan put it in his bull case, the &ldquo;<a href="https://dametropolitan.substack.com/p/barfreshs-juice-is-worth-the-squeeze">juice is worth the squeeze</a>&rdquo; with Barfresh. Experiencing a resurgence in demand from schools, Barfresh could also soon make a move into other sales channels. Per the commentator, this company could be worth between $100 million and $500 million in a few years. Not too shabby, given that, even after the big run up, BRFH has a valuation of less than $50 million.</p>



<h2>Butler National (BUKS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/futuristic-engine-rendering-aerospace-300x169.png" alt="An image of a futuristic aerospace engine rendering"><div>Source: solarseven / Shutterstock</div></div><p><strong>Butler National</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/buks-stock-quote/"><strong>BUKS</strong></a></span>) is another one of the undiscovered penny stocks waiting for its next big liftoff moment. In the past, I&rsquo;ve talked about how this holding company trades at deep value prices. BUKS, with interests in aerospace and casino gaming, trades for only 8.5 times earnings. Meanwhile, both aerospace and <a href="https://investorplace.com/industries/consumer-discretionary/travel/casino/">casino stocks</a> trade at far greater earnings multiples.</p>



<p>Earlier this year it seemed <a href="https://investorplace.com/2024/02/7-undiscovered-penny-stocks-poised-for-meteoric-rises/">a spate of management changes in 2023</a> would kick BUKS stock into high gear. Admittedly, so far there has yet to be any &ldquo;big moves&rdquo; strategically, but there have been some signs of progress. Back in February, Butler added <a href="https://www.butlernational.com/butler-national-enhances-board-to-reinforce-commitment-to-long-term-shareholder-value/">two independent directors</a> to its board. One of these directors, Joseph P. Daly, is one of the company&rsquo;s largest outside shareholders, with a <a href="https://www.butlernational.com/wp-content/uploads/2024/05/buks20230815_def14a.pdf">9% stake</a>.</p>



<p>While not certain, Daly and the other independent directors could be working behind the scenes, to push for the best course of action to drive the next big boost for shares. Butler&rsquo;s aerospace unit could be a prime target for a strategic acquirer. The same can be said about the company&rsquo;s casino property as well.</p>



<h2>Elite Pharmaceuticals (ELTP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/research-lab-1600-300x169.jpg" alt="Scientist using a microscope"><div>Source: Maksim Shmeljov / Shutterstock.com</div></div><p>With <strong>Elite Pharmaceuticals</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/eltp-stock-quote/"><strong>ELTP</strong></a></span>) up five fold over the past year, this is yet another of the undiscovered penny stocks. Don&rsquo;t be discouraged by the appearance that microcap investors may have caught onto the opportunity with pharma firm. Elite has a catalyst in motion that could drive an even larger amount of market attention.</p>



<p>The ELTP stock catalyst I&rsquo;m talking about is the company&rsquo;s key pipeline candidate, a generic anti-rheumatic treatment. Earlier this month, I discussed how this candidate <a href="https://investorplace.com/2024/06/7-strong-buy-penny-stocks-to-buy-now-june-2024/">recently received regulatory approval</a>. This paves the way for Elite to monetize this product. Sure, it&rsquo;s not as if this pharma firm has a blockbuster drug in the making with this candidate.</p>



<p>However, with a total addressable market of $64.3 million, capturing a good share of this market could mean further material improvements to Elite&rsquo;s sales and profitability. Over the past twelve months, revenue has totaled $47.3 million. Shares could rally on more progress with this catalyst, but that could be only the start. Now back in the high growth fast lane, it wouldn&rsquo;t be surprising if ELTP made additional moves to raise its profile, such as <a href="https://public.com/learn/uplistings-explained-examples-of-uplisted-stocks?wpsrc=Organic+Search&amp;wpsn=www.google.com">a stock market uplisting</a>.</p>



<h2>Fortitude Gold (FTCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/gold-mining-stocks1600-300x169.png" alt="Gold Nugget mining from the River in Austria, real Gold. Gold mining stocks"><div>Source: Aleksandrkozak / Shutterstock.com</div></div><p>Based in Colorado Springs, Colorado, <strong>Fortitude Gold</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/ftco-stock-quote/"><strong>FTCO</strong></a></span>) is a gold producer. The company operates mining properties in the U.S. state of Nevada. Fortitude has a track record of generating steady earnings from its established mining operations. Further, the company also pays out <a href="https://www.fortitudegold.com/news/fortitude-gold-declares-june-2024-monthly-dividend">a monthly 4 cent per share dividend</a> to investors.</p>



<p>If FTCO stock were to trade on a major exchange, dividend investors would be all over it. However, since Fortitude Gold shares trade in the OTC market, it has attracted far less attention. This works highly in the favor of those in the know, since at current prices FTCO&rsquo;s payout gives the stock a forward yield of 11.29%.</p>



<p>That&rsquo;s not all. As I have pointed out before, <a href="https://investorplace.com/2024/01/best-monthly-dividend-stocks-for-2024/">there may be big upside potential</a> on the table as well with FTCO. While spot gold prices have pulled back slightly, they remain up by around 20.5% over the past year. Further macro and monetary policy changes could send gold even higher. As is the case with gold miners, high operating leverage suggests the potential for outsized improvements in profitability, on relatively smaller increases in the gold spot price.</p>



<h2>Lesaka Technologies (LSAK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/bnpl-ecommerce-fintech-300x169.png" alt="An image of a cellphone surrounded by money and shopping bags, a calendar and shopping cart on the screen; schedule payment"><div>Source: ArtemisDiana/Shutterstock</div></div><p><strong>Lesaka Technologies</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/lsak-stock-quote/"><strong>LSAK</strong></a></span>) is a South African fintech firm, specializing in providing payment and other financial services. Its main focus is on the informal economy in its home market, as well in adjacent markets in Southern Africa.</p>



<p>There are two reasons why LSAK stock could go from being one of the undiscovered penny stocks, to garnering a far greater level of market attention. First, as seen in Lesaka&rsquo;s latest quarterly earnings release, <a href="https://ir.lesakatech.com/pdf/quarterly-results/2024/q3/lsak-q3-2024-earnings-press-release.pdf">operating results are steadily improving</a>. Recent bolt-on acquisitions could help the company make a full-on move to consistent profitability. Once the company&rsquo;s fundamentals appear stronger on a screener, this could result in greater investor inflows into shares.</p>



<p>Second, a more macro-related factor could mean more capital is cycled into LSAK shares. Following South Africa&rsquo;s 2024 General Election, a coalition-style Government of National Unity is being formed. While <a href="https://www.reuters.com/markets/south-african-rand-weakens-focus-cabinet-announcement-2024-06-24/">uncertainty still looms</a>, if the current coalition holds, this should assuage worries about South Africa implementing fiscal policies that are less favorable to business and foreign investment. This could drive further interest in South African stocks. In turn, leading to a greater degree of discovery of LSAK by stateside investors.</p>



<h2>Vaso (VASO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/healthcare1600a-300x169.jpg" alt="two doctors look over a piece of paper while standing in a hallway"><div>Source: Shutterstock</div></div><p><strong>Vaso</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/vaso-stock-quote/"><strong>VASO</strong></a></span>) is a medtech firm that provides a variety of products and services to the healthcare industry. Through its operating units, the company makes and sells medical equipment, as well as provides managed IT services to healthcare providers.</p>



<p>As an OTC-listed penny stock trading for well under $1 per share, VASO stock remains very much hidden from the radars of most investors. However, Vaso may not stay obscure forever. Why? While still pending, <a href="https://www.prnewswire.com/news-releases/vaso-corporation-a-diversified-medical-technology-company-currently-trading-on-the-otcqx-market-to-list-on-nasdaq-via-spac-merger-302009376.html">Vaso remains on track to be acquired</a> by <strong>Achari Ventures Holdings I</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/avhi-stock-quote/"><strong>AVHI</strong></a></span>), a special purpose acquisition company (SPAC).</p>



<p>Once this deal is completed, AVHI will take on the Vaso name. In effect, this deal serves a a de-facto uplisting for the company. It also provides an opportunity to shake off Vaso&rsquo;s penny stock reputation. Add in the potential to take AVHI&rsquo;s war chest of cash, and put it to work via acquisitions, and its easy to see how this could prove to be a successful SPAC transaction. With Vaso trading for only 12.8 times earnings, even a modest amount of multiple expansion could lead to big gains after the de-SPACing.</p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More:</strong>&#8239;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Thomas Niel held ACTG and LSAK. He did not hold (either directly or indirectly) any positions in the other securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/treasure-hunt-7-penny-stocks-wall-street-hasnt-discovered-yet/">Treasure Hunt: 7 Penny Stocks Wall Street Hasn&#8217;t Discovered Yet</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Treasure Hunt: 7 Penny Stocks Wall Street Hasn't Discovered Yet

Butler National GAAP EPS of $0.18, revenue of $78.37M

An announcement from Butler National (BUKS) is now available. The Board has recently revised the Company's Bylaws to introduce a majority voting st...

Butler National Board Adopts Majority Voting Standard for Directors

Butler National GAAP EPS of $0.03, revenue of $19.83M

ACTG

AVHI

BRFH

BSND

BWEN

CANOF

CHCI

EACO

ELTP

FTCO

FTLF

GLGI

HMDPF

LSAK

LTKBF

MAMA

MCEM

OPFI

PSIX

RWWI

SENEA

SENEB

SENEL

SENEM

SUMXF

TLNE

VASO

WHLR

WHLRD

WHLRL

WHLRP

Press Releases

BUTLER NATIONAL ACQUIRES KC MACHINE BUSINESS

Earnings

BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS

BUTLER NATIONAL ENHANCES BOARD TO REINFORCE COMMITMENT TO LONG TERM SHAREHOLDER VALUE

BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS

OTC Markets Group Welcomes Butler National Corporation to OTCQX

BUTLER NATIONAL SUBSIDIARY OBTAINS FAA APPROVAL CESSNA CARAVAN WITH DUAL CAMERA PORTS AND "SPECIAL MISSION POD WITH OPTIONAL RADOME CAPABILITIES"

BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2024 FINANCIAL RESULTS

BUTLER NATIONAL APPOINTS USAF-RETIRED LT. GENERAL MICHAEL LOH TO BOARD OF DIRECTORS

Butler National Corporation Announces Garmin G700TXi STC for Learjet 35/36 Series

BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER FISCAL YEAR 2025 FINANCIAL RESULTS

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Butler Ntl (BUKS) Forecast

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