Thursday, May 9

Penny Stock Screener-Top 10 penny Stocks

A penny stock screener is a tool used by investors and traders to filter and analyze penny stocks. Penny stocks are low-priced stocks with a market capitalization typically below $5 per share.

These stocks are often associated with small companies and speculative investments.

The purpose of a penny stock screener is to help investors identify penny stocks that meet certain criteria or parameters set by the user.

These criteria may include factors such as price, volume, market capitalization, sector, and technical indicators. Also, By using a screener, investors can narrow down the universe of penny stocks and focus on those that meet their specific investment objectives and risk tolerance.

How Penny Stock Works ?

Over-the-counter (OTC) stocks, sometimes known as “penny stocks,” are those that trade for less than $5 a share. Investors in penny stocks should exercise caution because of the high volatility of the market and the high returns they may yield. The good news is that investors can use Barchart’s Hot Penny Stocks list as a reliable starting point. The top performing penny stocks with the largest 5-day price changes are displayed below. These penny stocks have shown a regular pattern of trading volume and price action over the past week, as seen by their order by 5-day percentage change and the fact that their 5-day average volume is higher than their 20-day average volume.

Top 10 Penny Stocks

1. Unitech

2. Zuari Industries

3. Dhunseri Invest.

4. Veritas (India)

5. Kallam Textiles

6. Magnum Ventures

7. Tulsyan NEC

8. Eros Intl.Media

9. Coffee Day Enter

10. 63 Moons Tech

Features of a penny stock screener include:

Price Filters: 

Users can set a minimum and maximum price range to filter penny stocks within their desired price range.

Volume Filters: 

Investors can specify a minimum trading volume to ensure there is sufficient liquidity in the stock for buying and selling.

Market Capitalization Filters: 

Users can set a minimum and maximum market capitalization to target penny stocks of a certain size.

Sector Filters: 

Investors can select specific sectors or industries to focus their search on, such as technology, healthcare, or energy.

Technical Indicators: 

Some screeners provide technical analysis tools to help identify potential trading opportunities based on chart patterns, moving averages, and other technical indicators.

Fundamental Filters: 

Users can screen for penny stocks based on fundamental factors such as earnings growth, revenue, and profitability ratios.

Profits of Penny Stocks

You can Check out the recently reported earnings for the various penny stocks. The table provides important data such as the forecasted and actual earnings per share (EPS), as well as the year-over-year change in EPS.

Also read about S&P 500 HeatMap

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