In this article, we will look at the 12 Best Strong Buy Penny Stocks to Invest In Now.
On July 10, Jeremy Siegel, WisdomTree and Wharton School finance professor, appeared on CNBC’s ‘Closing Bell’ to talk about where the markets go from here. The previous Friday, he stated that he had never seen such volatility between sectors, growth stocks, value stocks, sharp pullbacks, and sharp reversals before. We saw some of those again, but he is feeling more favorable this time.
He was of the view that the earnings that are coming in, and this does not apply to the hyperscalers or tech alone, are showing good results, and the number of warnings, for instance, is very much lower, and everything looks good. It is also important to remember that we are reporting on the second quarter, where oil hit a 110 and 120. He agrees that oil has behaved surprisingly well in the face of no definitive agreement yet between Iran and the US.
READ ALSO: 10 Best Oil and Gas Stocks to Buy for the Next Decade AND Stocks On The Rise: 10 Best Stocks to Invest In.
Siegel further stated that he is still wondrous of the fact that, despite the conflict, with Hormuz basically still closed, oil is in the low 70s. He further believes that the market could see another leg up in the coming weeks.
With these broader market trends in view, let’s look at the best strong buy penny stocks to invest in now.
Our Methodology
We used the Finviz stock screener to identify the best Strong Buy stocks under $5. We then selected the top 12 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on July 11.
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. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
12 Best Strong Buy Penny Stocks to Invest In Now.
12. Keel Infrastructure Corp. (NASDAQ:KEEL)
Number of Hedge Fund Holders: N/A
Keel Infrastructure Corp. (NASDAQ:KEEL) is one of the best strong buy penny stocks to invest in now. Citizens initiated coverage of Keel Infrastructure Corp. (NASDAQ:KEEL) with an Outperform rating on June 24 and set a price target of $10. The firm told investors in a research note that Keel Infrastructure Corp. (NASDAQ:KEEL) is following the lead of others in repurposing existing power capacity once used for bitcoin mining to provide high-performance compute capacity to hyperscale customers. Citizens believes that the company will benefit from the same trends that have caused the majority of its peers to significantly outperform the S&P 500 this past year, further contending that economic terms for suppliers of high performance compute supplies “have greatly improved, and demand for powered capacity continues to increase”.
In a separate development, Keel Infrastructure Corp. (NASDAQ:KEEL) announced on June 29 its addition as a member of the broad-market Russell 3000® Index, effective as of the U.S. market open that day, as part of the first 2026 Russell indexes reconstitution.
Keel Infrastructure Corp. (NASDAQ:KEEL) is involved in the building of AI-focused data centers and energy assets. The company’s focus is on infrastructure and energy required to support high-performance computing and AI workloads.
11. Incannex Healthcare Inc. (NASDAQ:IXHL)
Number of Hedge Fund Holders: 1
Incannex Healthcare Inc. (NASDAQ:IXHL) is one of the best strong buy penny stocks to invest in now. Incannex Healthcare Inc. (NASDAQ:IXHL) announced on June 25 the granting of a key patent by the United States Patent and Trademark Office (USPTO) titled “Compositions and Methods of Treatment for Obstructive Sleep Apnea.” Management stated that the granted patent includes claims directed to the proprietary IHL-42X composition and its associated therapeutic methods to treat Obstructive Sleep Apnea (OSA), and added that the patent is anticipated to have a baseline expiry date of 9 July 2040. Incannex Healthcare Inc. (NASDAQ:IXHL) is in the process of exploring its eligibility for patent term extension following potential U.S. Food and Drug Administration (FDA) approval, with a goal of further bolstering the long-term exclusivity of the asset.
The company also stated that the grant of this patent marks a notable milestone in the advancement of IHL-42X and materially bolsters its intellectual property portfolio, supporting its lead clinical program. Incannex Healthcare Inc. (NASDAQ:IXHL) added that it is continuing to actively review data generated across the IHL-42X development program.
Incannex Healthcare Inc. (NASDAQ:IXHL) is a biotech company involved in the development of cannabinoid and psychedelic compound medicines. The company’s focus is on the research and development of medicinal cannabis pharmaceutical products and psychedelic medicine therapies to treat a range of indications.
10. SS Innovations International, Inc. (NASDAQ:SSII)
Number of Hedge Fund Holders: 3
SS Innovations International, Inc. (NASDAQ:SSII) is one of the best strong buy penny stocks to invest in now. SS Innovations International, Inc. (NASDAQ:SSII) announced on July 7 that its subsidiary, the SS International Centre for Robotics Surgery (SSICRS), graduated its first class in a specialised training course specialised to offer classroom instruction and hands-learnings in in robotic-assisted cardiac surgery to surgeons and other healthcare professionals by employing the advanced SSi Mantra surgical robotic system at SSICRS’s facilities at the Company’s headquarters in Gurugram, India.
The company further reported that an inaugural class of 33 participants hailing from seven countries graduated from Cardiac Robotic Surgery Training, which marks the opening course in SSICRS’s new training program and featured 16 distinguished international faculty members who created a global platform for collaboration, education, and innovation in robotic cardiac surgery. The course comprised hands-on robotic training, live surgical demonstrations, virtual video sessions, knowledge exchange, and scientific discussions, while the training covered several robotic procedures, including left internal mammary artery bypasses, totally endoscopic coronary artery bypasses, atrial septal defects, and mitral valve surgery.
SS Innovations International, Inc. (NASDAQ:SSII) is a medical robotics company that develops a fully autonomous medical robotic system using proprietary software. The company’s proprietary software integrates Artificial Intelligence (AI) and Deep Learning, or machine learning (DL).
9. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)
Number of Hedge Fund Holders: 9
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the best strong buy penny stocks to invest in now. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced on June 30 that HIVE Bermuda 2026 Ltd., its wholly-owned subsidiary, closed its “private offering of $130 million aggregate principal amount of 0% exchangeable senior notes due 2031 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended”. The company further stated that the offering included the exercise in full of the initial purchasers’ option to purchase an additional US$15 million aggregate principal amount of Notes.
In another development, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced on June 25 the signing of a letter of intent with an investment-grade, sovereign Swedish technology company for an up to 10-year lease of the company’s 32 megawatt Boden, Sweden facility. It added that the letter of intent is non-binding and subject to the execution and negotiation of a definitive agreement.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) operates data centers for computing and mining cryptocurrencies, including Bitcoin and other coins. It operates and owns green energy-powered data center facilities in Sweden, Canada, and Iceland.
8. Angel Studios, Inc. (NYSE:ANGX)
Number of Hedge Fund Holders: 10
Angel Studios, Inc. (NYSE:ANGX) is one of the best strong buy penny stocks to invest in now. B. Riley lifted the price target on Angel Studios, Inc. (NYSE:ANGX) to $8 from $7 on June 30 and maintained a Buy rating on the shares. The firm raised the company’s near-term estimates, citing higher fiscal Q2 paying Guild members. It further told investors in a research note that Angel Studios, Inc. (NYSE:ANGX) is “on the brink” of a better film slate, with Young Washington scheduled to debut in theaters later this week, serving as a possible catalyst. The firm added that it also thinks of Comcast’s announcement to split its media and connectivity businesses as a “nod to the value of (moving towards) pure play status,” like Angel Studios, Inc. (NYSE:ANGX).
For reference, in its financial results for fiscal Q1 2026, Angel Studios, Inc. (NYSE:ANGX) reported that revenue for the quarter rose 143% year-over-year to $115.1 million, compared to $47.4 million in the first quarter of 2025.
Angel Studios, Inc. (NYSE:ANGX) is a values-based distribution company for stories that amplify light to mainstream audiences.
7. Kopin Corporation (NASDAQ:KOPN)
Number of Hedge Fund Holders: 13
Kopin Corporation (NASDAQ:KOPN) is one of the best strong buy penny stocks to invest in now. Kopin Corporation (NASDAQ:KOPN) announced on June 29 that it received multiple new orders from customers evaluating Kopin’s Sentinel First Person Viewer (FPV) product as a core part of their offering to meet the needs of the US Government’s one-way attack (OWA) drone initiative. It further reported that a number of these customers are active contenders in the U.S. Government’s Drone Dominance Program (DDP), which is a notable initiative that aims to bolster domestic leadership in small-drone and FPV capabilities and reduce reliance on foreign-made FPV technologies. It added that First Person Viewers are “headsets that visually put the drone pilot in the cockpit of the drone”, allowing them real-time and complete control of the drone as if they were on board.
In another development, Kopin Corporation (NASDAQ:KOPN) announced on June 23 plans to open a new Optics and Photonics Design Center in Dallas, Texas, aimed at further expanding its US-based engineering footprint and accelerating development of next-generation Neural I/o™ technology for the rapidly growing AI infrastructure market.
Kopin Corporation (NASDAQ:KOPN) develops, manufactures, and sells wearable technologies, which include components and systems. Its portfolio includes AMLCD, LCOS displays, OLED displays, ASICs, backlights, and optical lenses.
6. Gerdau S.A. (NYSE:GGB)
Number of Hedge Fund Holders: 22
Gerdau S.A. (NYSE:GGB) is one of the best strong buy penny stocks to invest in now. Gerdau S.A. (NYSE:GGB) received a rating update from BTG Pactual on July 7. The firm upgraded the stock to Buy from Neutral, setting a price target of R$28 on the shares. For reference, in its financial results for fiscal Q1 2026, Gerdau S.A. (NYSE:GGB) reported that it closed the quarter with an adjusted EBITDA of R$3.0 billion, with an adjusted EBITDA margin of 17.7%. Adjusted net income for the quarter totaled R$1.0 billion between January and March, while net revenue reached R$16.7 billion and physical steel sales totaled 2.8 million tons.
The company further reported that results in the period were positively influenced by strong performance in North America, with the Brazilian market continuing to be affected by the excessive imports of steel. In fiscal Q1 2026, Gerdau S.A. (NYSE:GGB) invested R$1.1 billion, with 43% allocated to maintenance and 57% to expansion and technological modernization projects. The company’s investment plan for 2026 is estimated at R$4.7 billion.
Gerdau S.A. (NYSE:GGB) produces and commercializes steel products. The company’s operations are divided into the following segments: Brazil Operation, North America Operation, South Africa Operation, and Special Steels Operation.
5. Prime Medicine, Inc. (NASDAQ:PRME)
Number of Hedge Fund Holders: 23
Prime Medicine, Inc. (NASDAQ:PRME) is one of the best strong buy penny stocks to invest in now. Prime Medicine, Inc. (NASDAQ:PRME) announced on July 8 a positive, binding resolution of its previously disclosed arbitration with Beam Therapeutics, Inc. relating to the parties’ 2019 Collaboration and License Agreement. The company reported that the Tribunal declared that PM647, which is the company’s investigational Prime Editing drug for Alpha-1 Antitrypsin Deficiency (AATD), is within its “Field” as defined by the Agreement, and that Prime Medicine, Inc. (NASDAQ:PRME) therefore did not breach the Agreement and does not owe monetary damages to Beam Therapeutics.
It further clarified that PM647 leverages Prime Medicine’s (NASDAQ:PRME) universal liver lipid nanoparticle to correct the E342K (Pi*Z) mutation in the SERPINA1 gene, which is the most prevalent disease-causing mutation in AATD. Treatment with PM647 in fully humanized mouse models attained high levels of editing efficiency and restored the corrected protein isoform (M-AAT) into the healthy human range at clinically relevant doses.
Prime Medicine, Inc. (NASDAQ:PRME) is a biotechnology company involved in the development of one-time curative genetic therapies.
4. Inventiva S.A. (NASDAQ:IVA)
Number of Hedge Fund Holders: 24
Inventiva S.A. (NASDAQ:IVA) is one of the best strong buy penny stocks to invest in now. Inventiva S.A. (NASDAQ:IVA) announced on July 9 the completion of the final step of the transactions previously announced on June 2, 2026, through the issuance of approximately 15.7 million new warrants to the European Investment Bank, along with the surrender and cancellation of all remaining warrants originally issued to the EIB in January 2024 that were not repurchased in the Combined Transaction.
Andrew Obenshain, CEO of Inventiva S.A. (NASDAQ:IVA), stated that the completion of the EIB warrant restructuring marks a notable step in bolstering the company’s capital structure and improving alignment with its shareholders, and added that through the replacement of the remaining legacy EIB warrants with a simplified warrant instrument that no longer includes specific contractual anti-dilution protection mechanisms, the company has managed to eliminate a potential source of future uncertainty and dilution. This provides the company with increased financial flexibility, according to Obenshain, as it continues to advance the development of lanifibranor, which is its investigational pan-PPAR agonist for the treatment of MASH.
Inventiva S.A. (NASDAQ:IVA) is a clinical-stage biopharmaceutical company that develops oral small-molecule therapies to treat non-alcoholic steatohepatitis, or NASH, and other diseases with significant unmet medical need.
3. i-80 Gold Corp. (NYSEAMERICAN:IAUX)
Number of Hedge Fund Holders: 32
i-80 Gold Corp. (NYSEAMERICAN:IAUX) is one of the best strong buy penny stocks to invest in now. i-80 Gold Corp. (NYSEAMERICAN:IAUX) announced on June 25 the remaining assay results from the completed 2025-2026 infill drill campaign within the upper 426 zone of the Archimedes Underground Project, which is situated on the Company’s Ruby Hill property in northeastern Nevada, USA. Development there remains on schedule to attain first gold in the fourth quarter of 2026. The company further stated that it is continuing to optimize the sequencing of its development plan, and that “the timing of feasibility-level technical studies for Granite Creek underground and Cove underground is being extended from the second quarter of 2026 to the third quarter of 2026”.
In another development, i-80 Gold Corp. (NYSEAMERICAN:IAUX) announced on June 26 its entry into a termination and settlement agreement with Vox Royalty Cayman SEZC and its parent company, Vox Royalty Corp., to terminate the company’s gold offtake agreement. The termination of the agreement is expected to offer greater financial and commercial flexibility to the company and bolster its balance sheet further.
i-80 Gold Corp. (NYSEAMERICAN:IAUX) provides gold production and development services.
2. Sable Offshore Corp. (NYSE:SOC)
Number of Hedge Fund Holders: 34
Sable Offshore Corp. (NYSE:SOC) is one of the best strong buy penny stocks to invest in now. Sable Offshore Corp. (NYSE:SOC) received a rating update from Gerdes Energy Research on July 6. The firm upgraded the stock to Buy from Neutral, adjusting the price target on the shares to $8, down from $11. The rating update came after the issuance of “necessary equity capitalization” and convertible debt, with the firm telling investors that the stock has depreciated by about 67% since June 1. The firm’s revised target reflects significantly over 20% equity value upside.
Sable Offshore Corp. (NYSE:SOC) also received a rating update from Jefferies the same day. The firm cut the price target on the stock to $11 from $24 and maintained a Buy rating on the shares, with the rating update coming after what the firm calls “a challenging couple of weeks”, which includes an unexpected equity/convertible note as government support failed to materialize. The firm further stated that although the dilution “has been frustrating for existing equity holders,” the focus is on Judge Wilson’s ruling in July with refinancing complete.
Sable Offshore Corp. (NYSE:SOC) is involved in offshore oil and gas field operations. The company’s focus is on the development of the prolific Santa Ynez Unit in federal waters offshore California.
1. Grab Holdings Limited (NASDAQ:GRAB)
Number of Hedge Fund Holders: 50
Grab Holdings Limited (NASDAQ:GRAB) is one of the best strong buy penny stocks to invest in now. Grab Holdings Limited (NASDAQ:GRAB) received a rating update from Barclays on July 9. The firm cut the price target on the stock to $5 from $7 and maintained an Overweight rating on the shares. For reference, in its financial results for fiscal Q1 2026, Grab Holdings Limited (NASDAQ:GRAB) reported that revenue grew 24% year-over-year to $955 million. On-Demand GMV for the quarter also rose 24% year-over-year to $6.1 billion, while profit for the period was $120 million. Management further reported that adjusted EBITDA grew 46% year-over-year to $154 million in fiscal Q1 2026, with adjusted free cash flow of $489 million on a trailing twelve-month basis.
Grab Holdings Limited (NASDAQ:GRAB) also stated that with trailing twelve-month adjusted free cash flow expanding to $489 million in the first quarter, it remains focused on disciplined capital allocation to drive profitable growth and maintain its commitment to return capital to shareholders.
Grab Holdings Limited (NASDAQ:GRAB) provides millions of consumers access to its merchant and driver partners for food delivery, ride or taxi hailing, package delivery, payment for online purchases, and services such as telemedicine, lending, and insurance through its application.
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