Penny stocks are considered risky investments, much like taking a swing in baseball. While occasionally you may hit a home run, most swings will result in either a harmless pop-up or a double play. It’s important to have a gameplan when investing in these high-risk stocks to avoid consistent losses.
Lantronix (NASDAQ: LTRX) is a technology company based in Irvine, California that specializes in communication equipment, particularly for IoT-based solutions. Despite being a high-risk penny stock, it has shown promising earnings growth and a positive outlook from analysts.
Wag! Group (NASDAQ: PET) offers a technology platform connecting pet owners with pet professionals for on-demand services. Although the company is currently losing money, experts foresee a turnaround in fiscal 2024 with potential sales growth.
Beam Global (NASDAQ: BEEM) is a clean-technology firm focusing on renewably energized infrastructure products and battery solutions, particularly in the EV charging sector. With a strong buy consensus from analysts, BEEM presents a speculative opportunity for investors.
It’s important to note that penny stocks and low-volume stocks can be risky investments due to potential market manipulation. Investors should exercise caution and do thorough research before investing in such stocks.