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16 Best Penny Stocks to Buy Now

In this article, we discuss the 16 best penny stocks to buy now. If you want to read about some more penny stocks with strong business fundamentals, check out the 5 Best Penny Stocks to Buy Now.

Investors are taking refuge in holding cash and liquidating their stock portfolios to weather out the impact of rising interest rates as the inflation rate is showing little signs of slowing down. The US Federal Reserve chair Jerome Powell took a hawkish stance on combatting inflation and bringing it back to the 2% target by increasing benchmark interest rates as much as possible. On the other hand, the demand for labor has shown signs of growth as job openings in the US rose by 199,000 to 11.239 million in July 2022. Meanwhile, the job openings number for June 2022 was revised significantly from 10.698 million to 11.040 million. The monthly jobs report also revealed that, on average, for every unemployed person in July 2022, there were two jobs available in the market.

Some experts believe that such developments bring attractive buying opportunities for potential investors as past trends show that the market bounces back to new highs after hitting the bottom. Investors only need to catch this bottom through an intelligent investing strategy. The penny stocks with the most significant potential for capital growth have the support of many investors. Historically, a substantial amount of money has been made by investors who were quick to recognize the possibility of start-ups developing innovative products. Popular stocks such as Apple Inc. (NASDAQ:AAPL), Advanced Micro Devices, Inc. (NASDAQ:AMD), and Cassava Sciences, Inc. (NASDAQ:SAVA) also used to trade in the penny stock range in the past.

Our Methodology

We have categorized penny stocks as shares having a price of less than $5. We have shortlisted penny stocks that offer a unique growth story, have positive analyst ratings and have the capacity to generate healthy returns in the future. The stocks have been ranked according to the level of hedge fund ownership as of Q2 2022.

 Best Penny Stocks to Buy Now

16. FlexShopper, Inc. (NASDAQ:FPAY)

Number of Hedge Fund Holders: 3

FlexShopper, Inc. (NASDAQ:FPAY) is a Florida-based omnichannel lease-to-own marketplace with an assortment of over 140,000 durable goods in its portfolio.

FlexShopper, Inc. (NASDAQ:FPAY) reported better-than-expected Q2 2022 results as revenue increased by 19.1% YoY to $36.54 million and surpassed the consensus forecast of $32.08 million. Meanwhile, the GAAP EPS of 51 cents outperformed the analysts’ forecast of a loss per share of six cents. With a recession around the corner, people would be interested in holding on to cash and investing less in durable goods, and this is where lease-to-own services come into play. Instead of renting goods and returning them at the end of the agreed term, customers get the opportunity to own the good in a lease-to-own agreement. Such a trend is likely to benefit a company like FlexShopper, Inc. (NASDAQ:FPAY).

15. Vizsla Silver Corp. (NYSE:VZLA)

Number of Hedge Fund Holders: 3

Vizsla Silver Corp. (NYSE:VZLA) is a Vancouver, Canada-based mineral exploration and development company.

Vizsla Silver Corp. (NYSE:VZLA) completely owns the Panuco silver-gold project situated in Sinaloa, Mexico. On July 28, Heiko Ihle initiated coverage on Vizsla Silver Corp. (NYSE:VZLA) stock with a Buy rating and a target price of $1.60. The target price reflects a potential upside of over 36% from the closing price as of September 7. The analyst believes that the company’s “maiden resource” provides Vizsla Silver Corp. (NYSE:VZLA) the ability to generate higher value and create a strong foundation for the future. The company’s Panuco project has excellent access to road and power facilities, which makes it more attractive to develop and explore.

As of Q2 2022, Vizsla Silver Corp. (NYSE:VZLA) was held by 3 hedge funds.

14. Bionano Genomics, Inc. (NASDAQ:BNGO)

Number of Hedge Fund Holders: 6

Bionano Genomics, Inc. (NASDAQ:BNGO) is a San Diego, California-based provider of the Saphyr platform that brings into use optical genome mapping (OGM) to analyze and detect genetic diseases.

Francois Brisebois at Oppenheimer assumed coverage on Bionano Genomics, Inc. (NASDAQ:BNGO) stock with an Outperform rating and a target price of $12 in a research note issued to investors on July 18. The stock reached an eight-month high in August 2022 after a study was published that highlighted the use of OGM as an alternative to Southern blot in analyzing some types of genetically driven disorders. The Southern blot has been considered the benchmark for detecting these disorders. However, it is a labor-intensive procedure and can be replaced by OGM down the line.

Renaissance Technologies increased its stake in Bionano Genomics, Inc. (NASDAQ:BNGO) by over 3000% during the second quarter of 2022.

13. OrganiGram Holdings Inc. (NASDAQ:OGI)

Number of Hedge Fund Holders: 6

OrganiGram Holdings Inc. (NASDAQ:OGI) is a Moncton, Canada-based parent company that owns entities that are licensed producers of cannabis and cannabis-related products in Canada.

Cannabis is gaining traction in the US as 38 states have approved the use of cannabis for medical purposes. Meanwhile, the District of Colombia and 18 other states have come up with measures to regulate the use of cannabis for recreational purposes among adults. The policies would be implemented by November. OrganiGram Holdings Inc. (NASDAQ:OGI) has an opportunity to address this growing market. The company already exports its products to Australia and Israel. Furthermore, OrganiGram Holdings Inc. (NASDAQ:OGI) added 29 new grow rooms in mid-July, which will produce 35,000 kilos of extra flowers every year.

Overall, 6 hedge funds held a stake in OrganiGram Holdings Inc. (NASDAQ:OGI) at the end of Q2 2022.

12. CuriosityStream Inc. (NASDAQ:CURI)

Number of Hedge Fund Holders: 6

CuriosityStream Inc. (NASDAQ:CURI) is a Silver Spring, Maryland-based content company that has a diverse range of documentary programming and provides a subscription-based streaming service.

On August 16, Daniel Kurnos at Benchmark gave CuriosityStream Inc. (NASDAQ:CURI) stock a target price of $8 with a Buy rating. The analyst highlighted that the company posted strong Q2 2022 results as subscribers increased by 25% YoY and reported revenue of $22.3 million, outperforming the analysts’ forecast of $21 million. Furthermore, CuriosityStream Inc. (NASDAQ:CURI) reported a 52% QoQ decline in cash burn. These positive developments warrant investors’ bullish stance on CuriosityStream Inc. (NASDAQ:CURI) stock.

Of the 895 hedge funds being tracked by Insider Monkey, CuriosityStream Inc. (NASDAQ:CURI) was held by 6 funds as of Q2 2022.

11. Gevo, Inc. (NASDAQ:GEVO)

Number of Hedge Fund Holders: 7

Gevo, Inc. (NASDAQ:GEVO) is an Englewood, Colorado-based producer of sustainable aviation fuel (SAF) that causes significantly less harm to the environment as compared to traditional fuel by generating lower carbon emissions.

Since mid-July, Gevo, Inc. (NASDAQ:GEVO) has reached an agreement with three leading airline companies to supply its SAF. These airlines are Aer Lingus, American Airlines Group Inc. (NASDAQ:AAL), and Alaska Air Group, Inc. (NYSE:ALK). Gevo, Inc. (NASDAQ:GEVO) will start to supply 143.3 million gallons to these entities from 2026 onwards, taking the total value of financeable SAF to over the 350 million gallons mark. In the most recent quarter, Gevo, Inc. (NASDAQ:GEVO) sold 9,000 gallons of SAF. The company would require a significant ramp-up in production levels to achieve the numbers committed to its partners.

Millennium Management raised its stake in Gevo, Inc. (NASDAQ:GEVO) by 1361% during Q2 2022.

10. OncoCyte Corporation (NASDAQ:OCX)

Number of Hedge Fund Holders: 9

OncoCyte Corporation (NASDAQ:OCX) is an Irvine, California-based diagnostic solution provider for lung cancer.

In a research note issued on August 11, Thomas Flaten at Lake Street gave OncoCyte Corporation (NASDAQ:OCX) stock a target price of $3 and reiterated a Buy rating. The stock price jumped significantly at the end of August after OncoCyte Corporation (NASDAQ:OCX) received an order for its DetermaRx test from the US Department of Veteran Affairs. The DetermaRx test is brought into use for the early detection of lung cancer in patients with a high probability of cancer reoccurrence. The US Department of Veteran Affairs is a care provider through its 1,293 healthcare facilities across the US.

At the end of Q2 2022, 9 hedge funds held a stake in OncoCyte Corporation (NASDAQ:OCX).

9. Gran Tierra Energy Inc. (NYSE:GTE)

Number of Hedge Fund Holders: 10

Gran Tierra Energy Inc. (NYSE:GTE) is a Calgary, Canada-based oil and gas exploration (E&P) company with operations in Colombia and Ecuador.

On August 10, Roman Rossi at Canaccord gave Gran Tierra Energy Inc. (NYSE:GTE) stock a Buy rating with a target price of $2.13 (C$2.80). The target price reflects a potential upside of over 54% from the closing price as of September 7.

On August 29, Gran Tierra Energy Inc. (NYSE:GTE) announced that it intends to buy back 10% of its public float as the share price does not reflect the true growth outlook of the company. Furthermore, Gran Tierra Energy Inc. (NYSE:GTE) is targeting to bring down its debt to under $400 million by the end of this year.

8. Finance Of America Companies Inc. (NYSE:FOA)

Number of Hedge Fund Holders: 11

Finance Of America Companies Inc. (NYSE:FOA) is a Plano, Texas-based multi-channel consumer lending company. The company provides a diverse range of lending products like commercial loans, home loans, reverse mortgages, and lender services.

Presently, Finance Of America Companies Inc. (NYSE:FOA) is under pressure due to a significant dip in mortgage origination volume due to rising interest rates. However, the company has initiated a restructuring plan that is expected to save $100 million annually. Finance Of America Companies Inc. (NYSE:FOA) has streamlined its operations and has slashed nearly 600 jobs between March 2021 and March 2022. Finance Of America Companies Inc. (NYSE:FOA) is experiencing an increase in the volume of reverse origination as it rose for the fifth consecutive quarter to $1.58 billion at the end of Q2 2022.

Adage Capital Management increased its investment in Finance Of America Companies Inc. (NYSE:FOA) by 40% during Q2 2022.

7. Bolt Biotherapeutics, Inc. (NASDAQ:BOLT)

Number of Hedge Fund Holders: 13

Bolt Biotherapeutics, Inc. (NASDAQ:BOLT), one of the best penny stocks to buy, is a San Francisco Bay Area, California-based biotech company that is developing innovative treatments against cancer by employing its proprietary platform.

Daina Graybosch at SVB Securities sees Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) as a multi-bagger stock. The analyst gave the stock a target price of $4 in a research note issued on August 8. Graybosch expects a long path to recovery for the company as it discontinued one of its leading drug candidates, BDC-2034, which was expected to be in the clinic by early next year. However, experts see great potential in Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) to develop innovative treatments and display strong growth in the future.

As of Q2 2022, Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) was held by 13 hedge funds.

6. Pixelworks, Inc. (NASDAQ:PXLW)

Number of Hedge Fund Holders: 13

Pixelworks, Inc. (NASDAQ:PXLW) is a San Jose, California-based provider of video and pixel processing semiconductors and software. PXLW ranks 6th in our list of the best penny stocks to buy now.

Pixelworks, Inc. (NASDAQ:PXLW) recently agreed with a consortium of Chinese private equity investors to offer 2.73% equity in Pixelworks Semiconductor Technology (Shanghai), a subsidiary of Pixelworks, Inc., in exchange for nearly $12.9 million. Following this development, Pixelworks, Inc. (NASDAQ:PXLW) will still hold nearly 81% of the subsidiary. The agreement reflects a two-time rise in the valuation of the subsidiary in the last year and shows the major interest in the visual processing technology offered by Pixelworks, Inc. (NASDAQ:PXLW).

Similar to Pixelworks, Inc. (NASDAQ:PXLW), stocks such as Apple Inc. (NASDAQ:AAPL), Advanced Micro Devices, Inc. (NASDAQ:AMD), and Cassava Sciences, Inc. (NASDAQ:SAVA) were also considered penny stocks in the past.

Click to continue reading and see 5 Best Penny Stocks to Buy Now.

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Disclose. None. 16 Best Penny Stocks to Buy Now is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!