11 Hot Penny Stocks to Buy Right Now

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5. Ambev S.A. (NYSE:ABEV)

Price: $2.47

6-months Performance: 39.55%

Number of Hedge Fund Holders: 21

Ambev S.A. (NYSE:ABEV) is one of the 11 Hot Penny Stocks to Buy Right Now. On May 8, Ambev S.A. (NYSE:ABEV) released its results for Q1 2025. The company delivered a strong start to the year with top-line momentum and double-digit bottom-line growth.

During the first quarter, the company grew its consolidated volumes by 0.7% driven by positive performance in Brazil and Latin America. This led to a 6.7% year-over-year increase in total revenue, supported by a 5.9% growth in net revenue per hectoliter. Ambev S.A. (NYSE:ABEV) was focused on avoiding disruptions, maintaining momentum, and building a stronger company altogether.

Management noted that Ambev S.A. (NYSE:ABEV) is now a digitally enabled company, as its B2B platform usage increased, with monthly active buyers up by high single digits, and SKU per point of contact ratio improved. The company highlighted that Q1 2025 was a significant quarter as it showed execution across all three pillars of its strategy, thereby setting the tone for a stronger full year.

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