13 Best Penny Stocks Under $1 to Buy Right Now

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7. SelectQuote Inc. (NYSE:SLQT)

SelectQuote Inc. (NYSE:SLQT) is one of the best penny stocks under $1 to buy right now. On February 5, SelectQuote reported a 12% year-over-year revenue increase to $537 million for FQ2 2026, driven by a strong performance in its senior segment and a 26% revenue jump for SelectRx. To support its expansion, SelectQuote secured a $415 million senior credit facility, effectively refinancing its debt with extended maturities to 2031 and improving overall capital flexibility.

Despite these gains, the company lowered its FY2026 guidance to account for a $40 million impact resulting from a national carrier’s marketing budget cuts and changes in pharmacy benefit manager/PBM reimbursements. The PBM shift alone is expected to create a $20 million headwind to 2026 EBITDA. However, a new multi-year agreement signed in January with a major PBM will provide greater stability and predictability in reimbursement rates moving forward.

The company’s CEO emphasized that the company’s scale, managing over 100,000 complex members, significantly strengthened its negotiating position. While the industry faces concerns regarding CMS advance rate notices, SelectQuote Inc. (NYSE:SLQT) remains confident that its high-quality, diversified model will allow it to navigate market shifts better than its competitors.

SelectQuote Inc. (NYSE:SLQT) operates a technology-enabled, direct-to-consumer distribution and engagement platform that sells insurance policies and healthcare services in the US.

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