CareCloud, Koss Corp., and Tupperware Corp. are currently the top three penny stocks to watch according to the TipRanks’ Penny Stock Screener tool. Penny stocks are defined as stocks trading at or below $5 per share with a market capitalization below $300 million.
The Penny Stock Screener tool allows investors to scan stocks based on various parameters such as Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change. By using this tool, we identified the top three stocks with the highest Dollar Volume as of the close on May 14, 2024. Dollar Volume is calculated by multiplying the number of shares traded on a particular day by the day’s share price.
CareCloud, Inc. (NASDAQ:CCLD) is a healthcare technology company that offers cloud-based solutions to healthcare organizations. CareCloud aims to improve clinical workflows, increase revenue, enhance the patient experience, and reduce operational expenses for healthcare providers. On May 14, CareCloud had a Dollar Volume of $213.65 million with its stock price down 21.1%.
Koss Corp. (NASDAQ:KOSS) specializes in designing and manufacturing stereo headphones and audio accessories. Koss reported a diluted loss of $0.03 per share on revenue of $2.64 million for Q1 FY24. Koss has recently experienced a surge in its stock price due to the meme stock rally, with a Dollar Volume of $85.38 million on May 14.
Tupperware Brands Corp. (NYSE:TUP) designs innovative and environmentally responsible kitchen and home products. Tupperware shares have also been affected by the meme stock trend, with a 17.05% increase on May 14 and a Dollar Volume of $50.71 million.
For more penny stock recommendations, investors can utilize the TipRanks’ Penny Stock Screener tool to access a list of penny stocks, their price movements, and other important data.
Disclosure: This article is for informational purposes only.