5 High Growth Penny Stocks That Are Profitable

4. DocGo Inc. (NASDAQ:DCGO)

Latest YoY Quarterly Revenue Growth: 78.91%

Number of Hedge Fund Holders: 8

New York-based DocGo Inc. (NASDAQ:DCGO) is a leading provider of technology enabled mobile health services and integrated medical mobility solutions.

On November 6, DocGo Inc. (NASDAQ:DCGO) released its financial results for Q3 2023. Its revenue increased by 79% y-o-y to $187 million while its normalized EPS of $0.06 exceeded consensus estimates by $0.01.

On January 31, DocGo Inc. (NASDAQ:DCGO) announced that its board of directors has approved a new share repurchase program which allows the company to repurchase $36 million worth of its common shares over a 6-month period ending July 30, 2024.