3 Promising Penny Stocks With Market Caps Larger Than $20M

Simply Wall St

As major U.S. indices like the Dow Jones, S&P 500, and Nasdaq reach all-time highs driven by a surge in technology stocks, investors are exploring diverse opportunities across the market landscape. Penny stocks, often associated with smaller or newer companies, continue to capture interest due to their potential for unexpected growth despite being considered a niche investment area. This article highlights three penny stocks that combine financial resilience with promising prospects, offering intriguing possibilities for those looking beyond the established market giants.

Top 10 Penny Stocks In The United States

NameShare PriceMarket CapRewards & Risks
Dingdong (Cayman) (DDL)$2.19$471.47M✅ 4 ⚠️ 0 View Analysis >
Waterdrop (WDH)$1.90$687.16M✅ 4 ⚠️ 0 View Analysis >
CuriosityStream (CURI)$4.64$278.06M✅ 4 ⚠️ 2 View Analysis >
WM Technology (MAPS)$1.23$215.49M✅ 4 ⚠️ 2 View Analysis >
Puma Biotechnology (PBYI)$4.34$227.68M✅ 3 ⚠️ 2 View Analysis >
Performance Shipping (PSHG)$1.88$22.25M✅ 4 ⚠️ 2 View Analysis >
Golden Growers Cooperative (GGRO.U)$5.00$77.45M✅ 2 ⚠️ 5 View Analysis >
Table Trac (TBTC)$4.75$21.81M✅ 2 ⚠️ 2 View Analysis >
BAB (BABB)$0.961$7.03M✅ 2 ⚠️ 3 View Analysis >
Lifetime Brands (LCUT)$3.86$86.1M✅ 3 ⚠️ 3 View Analysis >

Click here to see the full list of 377 stocks from our US Penny Stocks screener.

We'll examine a selection from our screener results.

AirJoule Technologies (AIRJ)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: AirJoule Technologies Corporation specializes in atmospheric renewable energy and water harvesting technology, with a market cap of $293.13 million.

Operations: AirJoule Technologies Corporation has not reported any revenue segments.

Market Cap: $293.13M

AirJoule Technologies, with a market cap of US$293.13 million, is pre-revenue and focuses on atmospheric renewable energy and water harvesting technology. Despite its lack of revenue, the company has maintained financial stability with no debt and short-term assets exceeding liabilities. Recent developments include a strategic deployment in Texas to address water scarcity and an expansion in Delaware through a joint venture with GE Vernova. However, the company's earnings have declined significantly over the past year, highlighting volatility in its financial performance. The addition to multiple Russell indices may reflect investor interest despite these challenges.

AIRJ Financial Position Analysis as at Sep 2025

Conifer Holdings (CNFR)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Conifer Holdings, Inc. is an insurance holding company that offers homeowners and dwelling fire insurance products to individuals in the United States, with a market cap of $21.51 million.

Operations: Conifer Holdings generates revenue primarily through its Personal Lines segment, which accounts for $34.71 million, followed by the Commercial Lines at $12.48 million, and Corporate at $6.26 million.

Market Cap: $21.51M

Conifer Holdings, with a market cap of US$21.51 million, recently reported a turnaround in earnings for the second quarter of 2025, achieving a net income of US$2.05 million compared to a loss the previous year. However, the company faces challenges with short-term liabilities exceeding assets and increased volatility in its share price over the past three months. While Conifer has reduced its debt-to-equity ratio over five years and maintains more cash than total debt, it struggles with profitability issues as losses have grown by 54% annually over five years. The management team is experienced but must navigate financial instability carefully.

CNFR Debt to Equity History and Analysis as at Sep 2025

Research Solutions (RSSS)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Research Solutions, Inc. offers a cloud-based software-as-a-service platform and related services for researchers across corporate, academic, government, and individual sectors globally, with a market cap of $113.61 million.

Operations: The company's revenue is primarily derived from its Publishing - Periodicals segment, which generated $48.75 million.

Market Cap: $113.61M

Research Solutions, Inc., with a market cap of US$113.61 million, has made significant strides in enhancing its Article Galaxy platform by launching an AI Rights add-on. This innovation addresses compliance issues for researchers using AI tools and strengthens the company's position in the scientific content analysis space. Despite being unprofitable, Research Solutions maintains a positive cash flow and no debt, providing a stable financial runway for over three years. The company forecasts revenue growth of 10% to approximately US$49.1 million for fiscal 2025, supported by strategic partnerships and product enhancements that bolster its market presence.

RSSS Debt to Equity History and Analysis as at Sep 2025

Turning Ideas Into Actions

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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