Best Penny Stocks Under 10 Cents to Buy Today

The best penny stocks under 10 cents to buy today depend on today’s chart. The fact is, 99.9% of these cheap stocks will eventually be worth less than they are right now. That’s why I tell my students to build a watchlist every day.

The best traders watch more stocks than they trade. That’s essential for getting to know the charts of these stocks — these charts will give you valuable info about their future moves. If you study the patterns these stocks follow, you can find opportunities for the kind of small gains that can grow a small account fast.

Today I’ll show you how to build a watchlist for stocks under 10 cents. Read on for the results!

Best Penny Stocks Under 10 Cents to Buy in November 2024

The best penny stocks under 10 cents in November 2024 are:

• Cyberlux Corp. [OTCPK: CYBL]
• Jet.AI Inc. [NASDAQ: JTAI]
• Akoustis Technologies Inc. [NASDAQ: AKTS]
• AgriFORCE Growing Systems Ltd. [NASDAQ: AGRI]
• LuxUrban Hotels Inc. [NASDAQ: LUXH]

This is a watchlist — not a “buy list.”

I’m sharing this so you can see my process. If you want to see more NO-COST watchlists, you can sign up for my weekly watchlist here.

What Are the Best Penny Stocks to Buy Under 10 Cents in November 2024?

To find the best penny stocks to buy under 10 cents in November 2024 requires a top-level stock screener. I use the one in StocksToTrade — I helped design it, so it has all the tools and customizations I look for to create my penny stock watchlists.

Try StocksToTrade for 14 days and see how it helps your watchlist skills — only $7!

To find watch-worthy penny stocks under 10 cents, I input the following criteria:

• Last Price ≤ $0.10
• Last Price ≥ $0.01
• Volume ≥ 30,000
• Number of Trades ≥ 100

When I run this screen in November 2024 and sort by percent change, it gives me the following top results:

Read on for the best penny stocks that I’m watching today!

Cyberlux Corp. [OTCPK: CYBL]

Cyberlux Corp is an advanced lighting technology company. It designs, develops and sells advanced lighting systems that utilize white, infrared (IR) and other light-emitting diodes (LEDs) as illumination elements. It serves Department of Defense (DoD), Commercial channels and Design Services customers.

Jet.AI Inc. [NASDAQ: JTAI]

Akoustis Technologies Inc. [NASDAQ: AKTS]

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

AgriFORCE Growing Systems Ltd. [NASDAQ: AGRI]

The ETFS Bloomberg Agriculture Commodity Strategy K-1 Free ETF (the Fund) is an actively managed exchange traded fund that seeks to provide a total return designed to exceed the performance of the Bloomberg Agriculture Index which is calculated on an excess return basis (the index).` The Fund is an actively managed exchange traded fund that seeks to provide a total return designed to exceed the performance of the Index. The Fund is not an index tracking exchange traded fund and is not required to invest in all components of the Index. However, the Fund will generally seek to hold similar interests to those included in the Index and will seek exposure to many of the commodities included in the Index under the same futures rolling schedule as the Index.

LuxUrban Hotels Inc. [NASDAQ: LUXH]

LuxUrban Hotels Inc utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities. It identifies, acquires, manages, and markets hotel rooms to business and vacation travelers under the consumer brand, LuxUrban.

Which Is the Cheapest High-Potential Stock to Buy Right Now?

To find the cheapest high-potential stocks, you have to study their charts.

Take a look at the 1-year chart for Clean Vision Corp. (OTCPK: CLNV):

See how many spikes this stock had in the past year? Each one of these spikes was a trading opportunity — that’s the way I’ve made over $8,000 in total earnings trading this stock (click the link to see my individual trades).

However, that’s not a recommendation to “buy” this stock. See how it drops after every spike?

It follows my 7-step pennystocking framework perfectly. This is the chart you have to commit to memory:

Remember this chart well, its the basis for my 7-step framework, @30DayBoot & @completepenny & you must study not to fall prey to greed/ignorance or you'll get wrecked like 90% of traders. It's VITAL to sell into excessive strength/hype, do not just hold & hope like most newbies pic.twitter.com/QsAGHsI6lp

— Timothy Sykes (@timothysykes) February 28, 2021

Sometimes cheap is not a good thing! If trading stocks under 10 cents tests your trading discipline, you should look at my list of stocks priced under $2. These stocks still have the incredible upside of cheaper stocks, but have a bit more market participation in their trading. Here’s my curated list of penny stocks under $2!

Finding Value in Penny Stocks Below 10 Cents

Penny stocks below 10 cents have unique challenges — and opportunities. These stocks are all speculative, but they can offer significant returns if selected carefully. Their low share price also means they come with higher risks almost any other stock on the market, including market manipulation. Trading these stocks requires meticulous discipline and strategy, and an awareness of the pitfalls.

When scouting for value in these ultra-low-priced stocks, consider the following key factors:

• Market Cap: Assess the size of the company relative to its sector.
• Financial Health: Review balance sheets for liquidity and solvency.
• Revenue Trends: Look for consistent revenue growth.
• Profitability: Examine net income and profit margins.
• Trading Volume: Ensure there’s enough liquidity to get in and out of a trade.

Analyze Financial Statements

Understanding the financial health of a company trading below 10 cents is crucial. These companies all have limited resources, and their financial statements will tell you a lot about their survivability.

This is also where you check for any glaring red flags that will lead to caveat emptor status.

To examine key financial metrics, follow these steps:

1. Revenue Growth: Check for increases in revenue over time.
2. Profitability: Look at net income and profit margins to gauge financial health.
3. Cash Flow: Analyze cash flow statements to see if these companies are solvent.
4. Debt Levels: Review the debt-to-equity ratio to assess financial leverage.
5. Asset Quality: Inspect the quality and composition of assets on the balance sheet.

Evaluate Company Management

Strong leadership plays a pivotal role in the success of small-cap companies. Effective management can navigate the challenges faced by penny stocks and drive long-term growth. A competent team can make the difference between a company’s success and failure, especially in volatile markets.

When evaluating company management, look for these qualities:

• Experience: A track record of success in similar sectors.
• Vision: Clear and achievable strategic goals.
• Transparency: Openness in communication with shareholders.
• Adaptability: Ability to navigate market changes.
• Integrity: Commitment to ethical business practices.

Review Historical Performance

Analyzing past stock performance is essential to gauge future potential. Historical data provides a context for how a stock has reacted to various market conditions and company events. Using performance trends, you can make more informed trading decisions.

To visualize performance trends, you need to have an understanding of these charting tools:

• Graphs: Use stock price charts to identify trends and patterns.
• Volume Charts: Examine trading volume over time to assess interest and liquidity.
• Comparative Analysis: Compare performance against industry benchmarks.

When it comes to charting platforms, StocksToTrade is first on my list. It’s a powerful trading platform that integrates with most major brokers. I helped to design it, which means it has the trading indicators, dynamic charts, and stock screening capabilities that traders like me look for in a platform. It also has a selection of add-on alerts services, so you can stay ahead of the curve.

Grab your 14-day StocksToTrade trial today — it’s only $7!

Check Recent News and Developments

Staying informed about recent company and industry developments is critical. News can significantly impact a stock’s price, especially in the penny stock market. Being aware of the latest updates allows you to react promptly to market movements.

Set up a news alert system for the stocks you monitor, considering these methods:

• News Aggregators: Use platforms like Google Alerts.
• Broker Notifications: Enable alerts from your trading platform.
• Social Media: Follow relevant industry news and company updates on Twitter/X and LinkedIn.

I use the Breaking News Chat alerts service to find hot plays every day. The Breaking News chat room alerts me to important news articles in stocks and the overall economy, giving me a crucial trading edge.

In fact, roughly half of my recent trades have been based on Breaking News tips!

Get a 14-day trial of Breaking News Chat here — only $17!

Consider Growth Potential

Assessing a company’s growth potential involves evaluating several factors. Understanding the market size, product innovation, and competitive positioning helps in determining whether a stock has the potential for substantial returns.

To evaluate growth potential, follow this framework:

1. Market Size: Determine the overall size of the market the company operates in.
2. Product Innovation: Assess the company’s ability to innovate and stay competitive.
3. Competitive Positioning: Analyze how the company stands relative to its competitors.

How to Understand Volatility in Penny Stocks Under 10 Cents

Low-priced stocks are notorious for their high volatility. This volatility can result from several factors, including low trading volume and heightened market speculation. Understanding these elements is crucial for managing the risks associated with trading these stocks.

To manage risks associated with volatility, consider these strategies:

• Diversify: Spread your trades across multiple stocks to mitigate risk.
• Set Stop-Loss Orders: Protect against significant losses by sticking to the exit points in your trading plan.
• Stay Informed: Regularly update yourself on market news and company developments.

If trading stocks under 10 cents is too sketchy, check out my list of stocks priced under $1. These stocks can provide a broad range of opportunities while maintaining affordability. Here’s my curated list of penny stocks under $1!

High Price Fluctuations

The big price swings in penny stocks can be attributed to various factors. These include speculative trading, market news, and sector trends. Recognizing these drivers can help you anticipate and navigate price movements.

These factors include:

• Market News: Announcements that impact the broader market.
• Sector Trends: Changes or developments within specific sectors.
• Investor Sentiment: Shifts in how investors view the stock or sector.

Low Trading Volume

Low trading volumes can significantly impact stock prices and liquidity. Stocks with low volumes often experience wider spreads between bid and ask prices, making it harder to execute trades at favorable prices.

Common consequences of low trading volumes:

• Increased Spread: Wider gap between buy and sell prices.
• Price Manipulation: Higher susceptibility to price manipulation.
• Liquidity Issues: Difficulty in buying or selling large quantities without affecting the share price.

Market Sentiment Influence

Investor sentiment can disproportionately affect penny stocks. Positive or negative sentiment can drive significant price movements, even in the absence of substantial news.

To gauge market sentiment, consider these tips:

• Social Media Trends: Monitor platforms like Twitter and StockTwits for trends.
• Investor Forums: Participate in discussions on forums such as Reddit’s r/pennystocks.
• Sentiment Analysis Tools: Use tools that aggregate and analyze sentiment from various sources.

News and Speculation Impact

News and speculation can have a profound impact on stock prices in the penny stock market. Distinguishing between credible news and mere speculation is vital for making informed trading decisions.

Here are some guidelines for differentiating credible news from speculation:

• Verify the Source: Check the credibility of the news source.
• Check Multiple Sources: Verify information across multiple reputable sources.
• Analyze Impact: Gauge the potential impact of the news on the stock by checking for similar catalysts in the chart.

Company-Specific Events

Company-specific events like earnings announcements or regulatory changes can significantly influence stock prices. Being aware of these events allows you to make timely trading decisions.

To stay updated on company news, use these methods:

• Company Press Releases: Subscribe to press releases from the company.
• Financial Calendars: Use financial websites that track important dates.
• Broker Alerts: Set up alerts through your trading platform for key events.

Liquidity Issues

Liquidity challenges are common in the penny stock market. Low liquidity can make it difficult to execute trades without significantly impacting the stock price.

Here are the best ways to assess liquidity:

• Trading Volume Data: Review average daily trading volumes.
• Market Depth: Examine the order book to understand market depth.
• Spread Analysis: Analyze the spread between bid and ask prices.

What Are the Penny Stocks Under 10 Cents With the Highest Potential?

Look up at the charts of the stocks above. Do you see any spikes in their long-term chart? That’s a good sign.

History doesn’t repeat, it rhymes. And that’s a good thing for former runners…

https://t.co/gIIuF22exF Former runners can run again, never forget!

— Timothy Sykes (@timothysykes) December 7, 2020

Benefits and Risks of Trading Penny Stocks Under 10 Cents

Trading penny stocks under 10 cents offers significant benefits — and even bigger risks. You need to understand both if you want to profit.

Here’s a quick breakdown of what you need to be aware of:

• Benefits: High growth potential, low cost of entry.
• Risks: High volatility, susceptibility to market manipulation.

Benefits

Trading penny stocks can provide several advantages. That’s how I’ve made $7.8 million in my trading career.

These benefits include the potential for substantial profits due to high growth potential and the ability to start trading with a low initial investment. By leveraging these benefits, traders can capitalize on market opportunities with minimal upfront cash.

Advantages of trading penny stocks:

• High Growth Potential: Opportunity for significant price increases.
• Low Investment Threshold: Accessible entry point for new traders.
• High Returns: Potential for large profits from small investments.

Each benefit can be strategically leveraged. For example, high growth potential allows traders to achieve substantial returns from small price movements. A low investment threshold means that even with limited capital, one can participate in the market and potentially see significant profits.

Risks

Despite their potential benefits, penny stocks come with several risks. These include high volatility, which can lead to significant losses, and susceptibility to market manipulation. Understanding these risks is crucial for effective risk management and to avoid BLOWING UP YOUR ACCOUNT.

+$4k for me today, +$17k on the week, +$769k in 2020, SO proud to donate 100% of my trading profits to charity as the process is what matters MUCH more to students…singles add up, cut losses quickly, never forget the rules as gunslingers/gamblers blow up…have a great weekend!

— Timothy Sykes (@timothysykes) September 18, 2020

Risks associated with trading penny stocks:

• High Volatility: Large price swings can result in significant losses.
• Market Manipulation: Prone to pump-and-dump schemes.
• Liquidity Issues: Difficulty in executing trades at desired prices.

To mitigate these risks, it’s essential to stay informed, diversify your trading portfolio, and use tools like stop-loss orders to protect your trades.

Diversifying your investments across different price ranges and industries can give you exposure to some of the best opportunities in the market. My watchlist of the best penny stocks under 50 cents has some of the penny stocks I’m watching the closest right now.

Penny Stocks Under 10 Cents FAQs

Just because a stock trades for under 10 cents doesn’t make it cheap. Read on for some more questions you might be asking…

Where can one find the list of companies’ penny stocks under 10 cents?

Get a powerful stock screener like the one in StocksToTrade, and start building parameters. When I’m looking for tradable penny stocks under 10 cents, I want their volume to be great enough for the stock to be liquid. This way I can enter and exit a position more easily.

What are high-volume penny stocks under 10 cents?

A penny stock under 10 cents needs high volume for me to trade it. When I’m building my stock scan, I’ll typically look for stocks that have traded over 1 million shares so far that day.

The scanner I’m using in this article is set to look for penny stocks that have traded more than 100,000 shares. This will help you identify watch-worthy stocks — even if you’re looking in pre-market.

What are some great penny stocks under 10 cents for selling calls and puts?

Options are only offered on certain stocks. Many stocks under 10 cents won’t qualify.

What is Tim Sykes’ favorite stock under 10 cents?

I don’t have a “favorite” stock under 10 cents — I think penny stocks are bad investments, and I don’t trust them at all. Trading scared has helped me make some profitable trades. One ticker that is ALWAYS on watch is Ozop Energy Solutions Inc. (OTCPK: OZSC) — I’ve made $45k over the years trading this penny stock (click the link for my individual trades).

What are the best stocks to buy under 10 cents that pay dividends?

Stocks that trade under 10 cents don’t usually pay dividends. Stocks that cost this little generally don’t have much going for them.

What should I look for when researching penny stocks under 10 cents?

When researching penny stocks under 10 cents, focus on companies’ financial health, recent news, and industry trends. Use insights from analysts and trading ideas from reputable brokers to guide your decisions. Additionally, examine the materials and sectors the company is involved in, such as technology or mining, including whether they deal in gold or other valuable commodities.

How do brokers and exchanges impact trading penny stocks under 10 cents?

Brokers play a crucial role by providing access to exchanges where penny stocks are listed, often offering tools for better analysis and execution of trades. It’s essential to choose brokers with low fees and reliable platforms, as penny stocks are highly sensitive to costs. Understanding how Wall Street views these stocks through research and analyst reports can also provide valuable insights.