3 UK Penny Stocks With Market Caps Under $90M

The UK stock market has recently faced challenges, with the FTSE 100 and FTSE 250 indices experiencing declines due to weak trade data from China, highlighting the interconnectedness of global economies. In such a climate, investors often look for opportunities that offer both value and potential growth, which is where penny stocks can come into play. Although the term ‘penny stocks’ might seem outdated, these smaller or newer companies can still present significant opportunities when they are backed by strong financials.

Click here to see the full list of 471 stocks from our UK Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Checkit plc, with a market cap of £22.14 million, offers intelligent operations management platforms designed for deskless workforces in the United Kingdom and the Americas.

Operations: The company generates £13 million in revenue from its Electronic Components & Parts segment.

Market Cap: £22.14M

Checkit plc, with a market cap of £22.14 million, is focused on intelligent operations management platforms and reported half-year sales of £6.7 million, up from £5.7 million the previous year. Despite being debt-free and having short-term assets exceeding liabilities, Checkit remains unprofitable with a net loss of £2.6 million for the period ending July 2024. The company trades significantly below estimated fair value but faces challenges such as high share price volatility and an inexperienced board with an average tenure of 2.6 years. Revenue is forecast to grow by 15% annually, though profitability isn’t expected soon.

• Take a closer look at Checkit’s potential here in our financial health report.

• Review our growth performance report to gain insights into Checkit’s future.

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Water Intelligence plc, with a market cap of £70.01 million, offers leak detection and remediation services for both potable and non-potable water across the United States, the United Kingdom, Australia, Canada, and other international markets.