In this article, we discuss the 15 best high volume penny stocks to buy now. If you want to read about some more high volume penny stocks, go directly to 5 Best High Volume Penny Stocks to Buy Now.
Penny stocks had become an important indicator of the overall health of the stock market in the past few years as zealous retail investor interest and a record surge in the prices of risky assets like cryptocurrencies, mostly in Over-the-Counter (OTC) markets, led to over $500 billion worth of related trades in the first eight months of 2021. Some of the top sectors that benefited from this activity included financial technology, biotechnology, cannabis, and cryptocurrencies, among others discussed in detail below.
This year, as inflation has climbed and interest rates rise, retail investors have had to limit their trades in these penny stocks as more value-oriented options like Starbucks Corporation (NASDAQ:SBUX), McDonald’s Corporation (NYSE:MCD), and Yum! Brands, Inc. (NYSE:YUM) shine in a recessionary macro environment. However, as the economy rebounds from peak inflation, trade in these penny stocks is likely to explode as retail investors return to the market to make the most of the recovery momentum.
Our Methodology
The companies that are priced at under $5 per share as of November 3 and have high volumes were selected for the list. The analyst ratings of these firms and the latest updates related to them are also discussed to provide some additional context.
Best High Volume Penny Stocks to Buy Now
15. Cosmos Holdings Inc. (NASDAQ:COSM)
Number of Hedge Fund Holders: N/A
Share Price as of November 3: $0.08
Volume as of November 3: 10,804,484
Cosmos Holdings Inc. (NASDAQ:COSM) operates as a vertically integrated pharmaceutical company. It is one of the best penny stocks to invest in. On September 28, Cosmos Holdings stated that it may acquire ZipDoctor, a subscription-based telemedicine platform, from American International Holdings. American International Holdings will continue to manage all aspects of the day-to-day operations of ZipDoctor.
Unlike big companies like Starbucks Corporation (NASDAQ:SBUX), McDonald’s Corporation (NYSE:MCD), and Yum! Brands, Inc. (NYSE:YUM), Cosmos Holdings Inc. (NASDAQ:COSM) is one of the riskier investments out there especially in the current market environment. But the rewards could be big in the future.
14. VivoPower International PLC (NASDAQ:VVPR)
Number of Hedge Fund Holders: 1
Share Price as of November 3: $0.47
Volume as of November 3: 125,135
VivoPower International PLC (NASDAQ:VVPR) operates as a sustainable energy solutions company in Australia, Canada, the Netherlands, the United Kingdom, the United States, and the United Arab Emirates. On May 20, VivoPower International’s subsidiary, Tembo e-LV, announced that it has executed a Design Services Agreement with Toyota Motor Corporation Australia Limited. Tembo e-LV will be commercially engaged in the next stage of the design of an electrification solution for the design of LandCruiser 70 for off-road applications in Australia.
At the end of the second quarter of 2022, 1 hedge fund in the database of Insider Monkey held stakes worth $109,000 in VivoPower International PLC (NASDAQ:VVPR), compared to 3 in the preceding quarter worth $146,000.
13. NextPlay Technologies, Inc. (NASDAQ:NXTP)
Number of Hedge Fund Holders: 1
Share Price as of November 3: $0.22
Volume as of November 3: 347,924
NextPlay Technologies, Inc. (NASDAQ:NXTP) is a technology solutions company that provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. It is one of the top penny stocks to invest in. On October 20, NextPlay Technologies marked the announcement of a binding commitment for a $15 million investment into its NextFintech division from an institutional investor. The binding commitment includes the purchase of NextFintech shares at a pre-money valuation of $150 million.
At the end of the second quarter of 2022, 1 hedge fund in the database of Insider Monkey held stakes worth $60,000 in NextPlay Technologies, Inc. (NASDAQ:NXTP), compared to 0 in the preceding quarter worth $0.
12. American Rebel Holdings, Inc. (NASDAQ:AREB)
Number of Hedge Fund Holders: 2
Share Price as of November 3: $0.27
Volume as of November 3: 1,679,648
American Rebel Holdings, Inc. (NASDAQ:AREB) designs and markets branded safes, and personal security and self-defense products. On July 7, American Rebel Holdings revealed that it has agreed to acquire Champion Safe Company, a gun safes manufacturer and its ancillary companies, for approximately $9.9 million. The transaction will add $20 million in revenue to American Rebel Holdings.
On September 26, investment advisory EF Hutton initiated coverage of American Rebel Holdings, Inc. (NASDAQ:AREB) stock with a Buy rating and $1.50 price target. Analyst Michael Albanese issued the ratings update.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Armistice Capital is a leading shareholder in American Rebel Holdings, Inc. (NASDAQ:AREB) with 481,927 shares worth more than $74,000.
11. Mullen Automotive, Inc. (NASDAQ:MULN)
Number of Hedge Fund Holders: 2
Share Price as of November 3: $0.35
Volume as of November 3: 253,869,870
Mullen Automotive, Inc. (NASDAQ:MULN) is an electric vehicle company that manufactures and distributes electric vehicles. It is one of the elite penny stocks to invest in. On October 19, Mullen Automotive disclosed that it has completed the purchase of Electric Last Miles Solutions, including its manufacturing plant, intellectual property and inventory. The plant will run retail and commercial EV production lines for Mullen. It can produce 50,000 vehicles annually.
At the end of the second quarter of 2022, 2 hedge funds in the database of Insider Monkey held stakes worth $121,000 in Mullen Automotive, Inc. (NASDAQ:MULN), compared to 4 the preceding quarter worth $3.8 million.
10. Rubicon Technologies, Inc. (NYSE:RBT)
Number of Hedge Fund Holders: 2
Share Price as of November 3: $1.97
Volume as of November 3: 612,586
Rubicon Technologies, Inc. (NYSE:RBT) provides monocrystalline sapphire for applications in optical and industrial systems in North America and Asia. On September 28, Rubicon Technologies revealed that it has achieved Amazon Web Service Smart City competency. Rubicon Technologies is now an Amazon Web Service partner which helps customers to build and deploy innovative smart city solutions.
On September 30, Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Rubicon Technologies, Inc. (NYSE:RBT) stock with an Overweight rating and $5 price target, noting that the risk/reward profile of the shares was favorable.
At the end of the second quarter of 2022, 2 hedge funds in the database of Insider Monkey held stakes worth $3.2 million in Rubicon Technologies, Inc. (NYSE:RBT), compared to 2 in the preceding quarter worth $3.3 million.
9. Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN)
Number of Hedge Fund Holders: 2
Share Price as of November 3: $1.42
Volume as of November 3: 59,841
Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) is a specialty medical device company that engages in the research, development, manufacture, and marketing of respiratory support technology to provide an alternative to invasive mechanical ventilation (MV) for the treatment of respiratory failure. It is one of the major penny stocks to invest in. On September 7, Inspira Technologies revealed the completion of an animal study which was conducted at Lahav. The completion of the animal study is an additional important step toward initiating human studies using the HYLA blood sensor.
Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Renaissance Technologies is a leading shareholder in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) with 31,200 shares worth more than $41,000.
8. Daré Bioscience, Inc. (NASDAQ:DARE)
Number of Hedge Fund Holders: 2
Share Price as of November 3: $1.01
Volume as of November 3: 186,632
Daré Bioscience, Inc. (NASDAQ:DARE) is a clinical-stage biopharmaceutical company that engages in identifying, developing, and marketing products for women’s health in the United States. On October 17, Daré Bioscience announced a positive topline efficacy result from its Phase 1/ 2 clinical trial of DARE-HRT1. DARE-HRT1 is a novel, investigational intravaginal ring designed to deliver bio-identical 17- estradiol.
Among the hedge funds being tracked by Insider Monkey, Washington-based firm Millennium Management is a leading shareholder in Daré Bioscience, Inc. (NASDAQ:DARE) with 445,086 shares worth more than $547,000.
7. XWELL, Inc. (NASDAQ:XWEL)
Number of Hedge Fund Holders: 4
Share Price as of November 3: $0.65
Volume as of November 3: 137,486
XWELL, Inc. (NASDAQ:XWEL) is a health and wellness services company that provides spa services at airports. It is one of the premier penny stocks to invest in. On September 21, XWELL launched a Women’s Health Initiative as part of its overarching social responsibility platform strategy designed to advance education and support of wellness for women. The launched products are available in person and through mobile apps.
At the end of the second quarter of 2022, 4 hedge funds in the database of Insider Monkey held stakes worth $358,000 in XWELL, Inc. (NASDAQ:XWEL), compared to 7 in the preceding quarter worth $2.3 million.
6. Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP)
Number of Hedge Fund Holders: 5
Share Price as of November 3: $0.12
Volume as of November 3: 859,023
Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) is a biopharmaceutical company that focuses on the development of immune modulators for immuno-oncology and fibrosis diseases. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Knoll Capital Management is a leading shareholder in Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) with 5 million shares worth more than $1.3 million.
While Starbucks Corporation (NASDAQ:SBUX), McDonald’s Corporation (NYSE:MCD), and Yum! Brands, Inc. (NYSE:YUM) are popular among hedge funds, penny stocks like Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) have just a few hedge funds invested in them.
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Disclosure. None. 15 Best High Volume Penny Stocks to Buy Now is originally published on Insider Monkey.