Promising US Penny Stocks To Consider In November 2024

As the U.S. stock market experiences a temporary setback with technology shares sliding, investors’ attention is turning towards alternative investment opportunities such as penny stocks. Despite their name suggesting an outdated concept, penny stocks remain a significant area of interest due to their potential for growth and affordability. These smaller or newer companies, particularly those with robust financials, can offer unique opportunities for investors looking to uncover hidden value in the market.

Click here to see the full list of 713 stocks from our US Penny Stocks screener.

Here’s a peek at a few of the choices from the screener.

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

Overview: Wrap Technologies, Inc. is a public safety technology and services company that develops policing solutions for law enforcement and security personnel globally, with a market cap of $71.58 million.

Operations: The company’s revenue is primarily derived from its Aerospace & Defense segment, totaling $4.23 million.

Market Cap: $71.58M

Wrap Technologies, Inc. is navigating the challenges of being a penny stock with a market cap of US$71.58 million and limited revenue growth, reporting US$4.23 million primarily from its Aerospace & Defense segment. Despite being unprofitable with increasing losses over five years, recent strategic moves like relocating its facility to Virginia aim to bolster innovation and manufacturing capabilities for public safety solutions such as BolaWrap® and Wrap Reality™. The company has faced shareholder dilution and significant insider selling but remains debt-free, with short-term assets covering liabilities while grappling with high volatility in share price stability.

• Click here to discover the nuances of Wrap Technologies with our detailed analytical financial health report.

• Learn about Wrap Technologies’ historical performance here.

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

Overview: GoPro, Inc. develops and sells cameras, mountable and wearable accessories, as well as subscription services and software globally, with a market cap of $184.17 million.