Published on 23 Feb 2023 on Insider Monkey via Yahoo Finance
12 High Growth Penny Stocks that are Profitable
In this piece, we will take a look at the 12 high growth penny stocks that are profitable. For more penny stocks, head on over to 5 High Growth Penny Stocks that are Profitable.
Investing in the stock market provides the chance for great returns and great losses depending on the nature of the bets made and the timing of the decision. For instance, if you had invested in the tech sector after the coronavirus market crash, you'd have seen strong returns, but those that invested in the sector last year were nearly bled dry as the weak macroeconomic environment pummeled high growth stocks and awarded investors like Warren Buffett who choose to play with stable and safe companies
One sector of the market that has both these features is the penny stock segment. Penny stocks, which are usually priced under $5, provide an attractive entry point for the investor on a budget. While they also provide the opportunity for outsized returns, those that have bought the shares can find it difficult to sell them too due to low liquidity. Not to mention, picking penny stocks is a tricky process too, since sudden share price jumps can be indicative of a pump and dump scam instead of a firm's true fundamentals driving up the share price.