In this article, we will take a look at some of the best high risk penny stocks to invest in.
Shifting regulations and market recalibration are defining the current financial environment, and penny stocks remain one of the most potentially rewarding asset classes for retail investors. Often trading under $5, these low-priced equities frequently represent small-cap companies at their early-stage growth, and are increasingly sought by the market.
The Federal Reserve has made a move to lower the top-tier capital requirement by $13 billion for holding companies and $210 billion for subsidiaries, as reported by CNBC. This easing of capital rules for Major Wall Street banks is expected to have a ripple effect across financial markets.
Though originally aimed at bringing liquidity to Treasury markets and lowering the pressure on balance sheets, this new regulatory leniency also enables institutional investors to now seek more aggressive returns. The loosening capital and decreasing potential interventions shine a brighter light on riskier bets like penny stocks.
Penny stocks have garnered the attention of online communities and algorithmic trading desks seeking micro-momentum. The new surge in speculative interest increases the attention, thus moving the stocks towards the center stage. Investor caution is highly recommended, since speculative assets, though they outperform during such regulatory phases, can take unpredictable turns.
With that context, we have picked for you the 10 best high risk penny stocks for you to invest in right now. Stay with us as we count them down from 10 to 1. The top 5 might just make it to your portfolio.
Our Methodology
When putting together our list of 10 best high risk penny stocks to invest in right now, we followed a few criteria. Primarily, all the stocks in our list are taken at their current price of less than $5 as of June 30, 2025. To increase the chances of a profitable investment, we have only considered those stocks with a Buy rating or higher. For listing the stocks, we have used the current price.
All the data used in the article was taken from financial databases and analyst reports, with all information updated as of June 30, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Custom Truck One Source, Inc. (NYSE:CTOS)
Current Price as of June 30, 2025: $4.94
Beta: 1.18
Custom Truck One Source, Inc. (NYSE:CTOS) ranks among our list of 10 best high risk penny stocks to invest in. Following a generally positive sentiment in the Q1 earnings call, the company confirms the election of four Class C directors.
Missouri-based company, Custom Truck One Source, Inc. (NYSE:CTOS) is North America’s premier provider of specialty trucks and heavy equipment. Founded in 1988, the company offers vehicle-related solutions including sales, rentals, customization, financing, aftermarket parts, and servicing. Its client base is comprised of electric utilities, telecom, rail, construction, forestry, and waste management sectors.
In its 2025 Q1 earnings call, the company reported a 13% year-over-year increase in revenue for the ERS segment. Additionally, with a 14% increase in backlog, reaching over $54 million during the quarter, the company has reaffirmed its full-year 2025 guidance, reinforcing confidence in achieving its growth targets.
Later, on June 12, 2025, in its annual stockholders meeting, the company confirmed the election of four Class C directors. Accordingly, Fred Ross, Georgia Nelson, Mary Jackson, and Ryan McMonagle will hold positions till the 2028 meeting.
The company’s stocks have a moderate 1-year media price target of $5.50. Investors interested in purchasing the stock are also cautioned towards the company’s volatility, represented by a noteworthy beta of 1.19.
9. TeraWulf Inc. (NASDAQ:WULF)
Current Price as of June 30, 2025: $4.38
Beta: 3.14
TeraWulf Inc. (NASDAQ:WULF) holds a position among the 10 best high risk penny stocks to invest in. Analysts are maintaining a Buy rating on the stock following the Q1 2025 earnings call.
Maryland-based company, TeraWulf Inc. (NASDAQ:WULF) develops and operates large-scale, zero-carbon Bitcoin mining and high-performance computing facilities. The company’s flagship Lake Mariner site on a repurposed coal plant offers up to 500 MW of predominantly hydroelectric and nuclear-powered operations. In addition to mining, the company offers GPU-based HPC hosting services to enterprise clients.
On May 9, 2025, the company made its 2025 first quarter earnings call, where it claimed to have taken a conservative approach to project financing. TeraWulf Inc. (NASDAQ:WULF) attempts to reduce the challenges by investing its own equity to build out facilities.
Later, on June 12, 2025, while maintaining the Buy rating for the stock, Rosenblatt raised the company’s target price from $4.50 to $6.00. The sentiment was reflected on June 26, 2025, when, in a report released by Roth MKM, the company’s Buy rating was maintained but with a price target of $7.00, indicating confidence among analysts in the company’s growth prospects.
While the current price of the stock as of June 30, 2025, stands attractively at $4.38, investors need to be mindful of the beta of 3.14, which suggests high volatility to market movements.
8. Performant Healthcare, Inc. (NASDAQ:PHLT)
Current Price as of June 30, 2025: $4.00
Beta: 0.36
Performant Healthcare, Inc. (NASDAQ:PHLT) is among our list of 10 best high risk penny stocks to invest in right now. Craig-Hallum maintains a Buy rating on the stock following a major stock sale by the company’s top executive.
Headquartered in Florida, Performant Healthcare, Inc. (NASDAQ:PHLT) is a U.S.-based payment integrity company offering technology-enabled audit, recovery, eligibility, customer care, and analytics services to health plans. With solutions capable of identifying and recovering improper payments and streamlining billing processes, the company serves clients like Medicaid, Medicare Advantage, and commercial insurers.
Performant Healthcare, Inc. (NASDAQ:PHLT) reported a 29% increase in revenue in Q1 2025, compared to the same quarter the previous year. The company has also revised its revenue guidance for 2025 from $133 to $135 million, signaling strong confidence in growth prospects. However, in a bold move, Director Lisa Im sold 180,867 shares of the company on June 4, 2025, in a transaction valued at $587,817.
Amid this significant change in insider transactions, Craig-Hallum reiterated a Buy rating on the stock, indicating confidence in the company’s future growth.
With a one-year median stock price forecast of $7, Performant Healthcare, Inc. (NASDAQ:PHLT)’s shares are available for interested investors at a price of $4 as of June 30, 2025.
7. One Stop Systems, Inc. (NASDAQ:OSS)
Current Price as of June 30, 2025: $3.55
Beta: 1.24
One Stop Systems, Inc. (NASDAQ:OSS) holds a position among the 10 best high risk penny stocks to invest in. After entering into CRADA with USSOCOM last month, the company announced this June the receipt of a third order from a leading defense contractor in Asia.
One Stop Systems, Inc. (NASDAQ:OSS) manufactures and markets rugged high-performance edge computing modules, custom servers, storage systems, and switch fabrics. Headquartered in California, the company provides products that support AI/ML, sensor fusion, and autonomy across defense and industrial applications.
On May 29, 2025, the company announced entering into a Cooperative Research and Development Agreement (CRADA) with U.S. Special Operations Command (USSOCOM). The partnership leverages the company’s expertise in designing Enterprise Class compute systems that operate in extreme conditions. Following the announcement, the company’s monthly performance saw a 26.33% increase.
Later, on June 26, 2025, the company announced the receipt of a third order from a leading defense contractor in Asia for an autonomous maritime application. The order valued at $340,000 is scheduled for delivery in Q3, 2025. The additional order signifies the company’s transition from system development to production deployment.
The stock available at $3.55, as of June 30, 2025, has an upside potential of $4.50, thus attractive to investors interested in the best penny stocks.
6. NeoVolta Inc. (NASDAQ:NEOV)
Current Price as of June 30, 2025: $3.30
Beta: -0.27
NeoVolta Inc. (NASDAQ:NEOV) is one of the 10 best high risk penny stocks to invest in. The company reports a record high distributor purchase order in the current quarter, following a Buy rating from Maxim Group.
NeoVolta Inc. (NASDAQ:NEOV), based in California, is engaged in the business of designing, manufacturing, and selling advanced energy storage systems, such as the NV14 and NV24, through certified solar installers and distributors. The company offers battery-inverter solutions for clean energy integration and grid resilience. Founded in 2018, the company serves both residential and commercial markets.
In a report released on May 15, 2025, Maxim Group reiterated the Buy rating for the stock, while maintaining the price target of $7.50. Later in June 2025, the company announced record-level distributor purchase orders of more than $3 million in the current quarter. Ardes Johnson, CEO of NeoVolta Inc. (NASDAQ:NEOV), has made the following statement.
“These distributor orders represent a major milestone in our expansion strategy. They show that demand for NeoVolta systems is scaling across the country through established installer networks—not just direct sales.”
With the stock available at $3.30 per share, as of June 30, 2025, interested investors can purchase the stock after noting the beta of -0.27, which signals an inverse relationship between the stock price and market movements.
5. LightPath Technologies, Inc. (NASDAQ:LPTH)
Current Price as of June 30, 2025: $3.10
Beta: 0.91
LightPath Technologies, Inc. (NASDAQ:LPTH) is among the 10 best high risk penny stocks to invest in. The company reports significant growth and continuing challenges, as analysts reiterate their Buy rating for the stock.
LightPath Technologies, Inc. (NASDAQ:LPTH) is a global manufacturer, distributor, and integrator of proprietary optical components and high-level assemblies. The company’s product portfolio includes precision molded glass aspheric and freeform lenses, infrared assemblies, and thermal imaging systems. Defense, industrial, medical, telecom, and scientific imaging applications leverage these products to carry on their operations.
On May 16, 2025, Alliance Global Partners, Lake Street, and Craig-Hallum reiterated their Buy rating on the stock, signaling confidence in LightPath Technologies, Inc. (NASDAQ:LPTH)’s future growth. On the same day, the company held its Q3 2025 earnings call, where it reported a 19.1% increase in revenue, compared to the previous year. Additionally, the successful acquisition of G5 Infrared has opened new avenues for the company, allowing it to grow its foothold, particularly in the defense sector.
These positive signs were also accompanied by challenges, including the 44% increase in operating expenses and delays in the Apache Program. However, the approvals obtained by the company in the Special Meeting with Shareholders, like the issuance of shares of Class A Common Stock related to the acquisition of G5 Infrared and the conversion of Series G Preferred Stock, are expected to expand the company’s capital structure.
With an upside potential of $5.00, the company’s shares are available at $3.10 as of June 30, 2025, for investors who are interested in purchasing the stock.
4. DHI Group, Inc. (NYSE:DHX)
Current Price as of June 30, 2025: $2.97
Beta: 1.53
DHI Group, Inc. (NYSE:DHX) is among the 10 best high risk penny stocks to invest in. Following the announcement of a significant workforce restructuring, the company got its Buy rating reaffirmed by analysts.
The New York-based company DHI Group, Inc. (NYSE:DHX) is a provider of AI-powered career marketplaces targeting technology and security-cleared professionals. Founded in 1990, the company operates through brands like Dice and ClearanceJobs and connects technologists with job opportunities and serves candidates with active U.S. security clearances.
On June 23, 2025, the company announced a significant organizational restructuring. Reducing the workforce by 25% approximately, the company aimed at lowering the operating costs for its Dice brand. The company believed that the restructuring would lead to annual savings between $14 million and $16 million. It anticipates the completion of the restructuring process by July 2025.
On June 24, 2025, Lake Street maintained its Buy rating for the stock, with a price target of $3.50, reinforcing its confidence in DHI Group, Inc. (NYSE:DHX)’s progress.
With a one-year consensus median price target of $4.25 from 3 analysts as per CNN, the stock is available at $2.97 as of June 30, 2025, for investors seeking to modify their portfolio with the best penny stocks in the market.
3. Kopin Corporation (NASDAQ:KOPN)
Current Price as of June 30, 2025: $2.85
Beta: 2.85
Kopin Corporation (NASDAQ:KOPN) earns a position among our list of 10 best high risk penny stocks to invest in. The company increases authorized shares at annual meeting amid CFO retirement and a reiterated Buy rating for the stock.
Based in Massachusetts, Kopin Corporation (NASDAQ:KOPN) designs and manufactures high-performance microdisplays and optical systems. The company’s client base comprises defense, enterprise, industrial, medical, and consumer applications sectors. Its product lineup includes AMLCD, LCOS, MicroLED, OLED microdisplays, along with complete headset modules and ASIC-driven vision systems.
On May 29, 2025, the company announced the retirement of Chief Financial Officer, Rich Sneider. However, as no replacement for the role has been found yet, the company also stated that Sneider will hold on to the position till then. Following the retirement announcement, Lake Street maintained a Buy rating on the stock on June 10, 2025. The price target has been set at $2.50.
Additionally, on June 26, 2025, in the Annual Meeting of Shareholders, the company gained the approval of the shareholders to increase the number of authorized shares of the Kopin Corporation (NASDAQ:KOPN)’s common stock from 200 million to 275 million, potentially bringing a change to its operational capacity and governance structure.
While the low price of $1.53 brings attractiveness to the penny stock, the notably high beta of 2.85 is alarming and must be considered before engaging in the stock purchase.
2. United States Antimony Corporation (NYSE:UAMY)
Current Price as of June 30, 2025: $2.18
Beta: 0.00
United States Antimony Corporation (NYSE:UAMY) is one of the 10 best high risk penny stocks to invest in. Amid supply chain disruption and new acquisitions, the company witnesses its Buy rating from Alliance Global Partners reiterated.
United States Antimony Corporation (NYSE:UAMY) is a Texas-based company engaged in the mining, processing, and sale of antimony and zeolite products. The company’s operations include antimony smelting in Montana and Mexico, and a zeolite mine in Idaho. It serves sectors such as flame retardants, batteries, and water filtration, among others.
On March 17, 2025, Chinese Customs refused to clear the company’s shipment of 50 tons of stibnite ore. The issue could not be resolved, and the shipment was returned to Australia, thus creating significant supply chain challenges for United States Antimony Corporation (NYSE:UAMY). Amid this challenge, on June 27, 2025, the company announced the successful acquisition of 100% of the ownership interest of Fostung Properties. With this acquisition, the company has control over 50 single-cell mining claims or 1,114 hectares located approximately 70 kilometers west-southwest of Sudbury, Ontario, Canada, near the town of Espanola.
Following these developments, Alliance Global Partners reiterated their Buy rating on the stock while setting the price target of $5.25.
With a consensus 1-year median price target of $5.00 and a closing price $2.18 as of June 30, 2025, United States Antimony Corporation (NYSE:UAMY) could potentially be one of the best high risk penny stocks to invest in right now.
1. AmpliTech Group, Inc. (NASDAQ:AMPG)
Current Price as of June 30, 2025: $2.12
Beta: -0.85
AmpliTech Group, Inc. (NASDAQ:AMPG) earns a place among the 10 best high risk penny stocks to invest in. The company strengthens its position in 5G radio solutions following a significant purchase of the stocks from a top executive.
Headquartered in New York, the communication equipment company, AmpliTech Group, Inc. (NASDAQ:AMPG) designs, engineers, and assembles advanced RF and microwave amplifiers for satellite, 5G/6G networks, defense, space, and quantum computing applications. With clients from aerospace, commercial satellite, telecom, and government sectors, the company’s business operations reach across North America, Europe, the Middle East, and South Asia.
On June 20, 2025, in a transaction valued at $14,314, Director Daniel Richard Mazziota purchased 7,157 shares of AmpliTech Group, Inc. (NASDAQ:AMPG), improving the confidence in the company’s growth prospects.
Additionally, on June 24, 2025, the company announced the receipt of a new order worth more than $1 million. The order is part of a significant Letter of Intent or LOI with a major company that helps build and install Open RAN systems, a type of 5G network technology. With this order, AmpliTech Group, Inc. (NASDAQ:AMPG) strengthens its position as a key player in supplying 5G radio solutions.
The current price of AmpliTech Group, Inc. (NASDAQ:AMPG) stands at $2.12 as of June 30, 2025. Comparatively, the stock has an upside potential of $6.00, presenting itself as an attractive investment for those seeking the best penny stocks.
While we acknowledge the potential of AMPG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMPG and that has 100x upside potential, check out our report about the cheapest AI stock.
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