This year, the top penny stocks are expected to shine as investors have a plethora of companies to choose from. However, not all penny stocks are equal, with some showing better fundamentals than others.
One penny stock that stands out is Lumen Technologies (LUMN), a telecommunications company. Another option for investors is Advantage Solutions Inc. (NASDAQ: ADV), which provides in-store marketing services. Despite having a negative P/E ratio, ADV has shown strong returns and is expected to reach breakeven profitability soon. Insiders have also shown confidence in the company by purchasing shares.
It is important to note that penny stocks and low-volume stocks can be risky, as they are often targeted by scam artists and market manipulators. Therefore, it is crucial to do thorough research before investing in these types of stocks.
Overall, the best penny stocks for this year are those with solid fundamentals, strong returns, and potential for growth. Investors should exercise caution and conduct their own due diligence before making any investment decisions.