US Penny Stocks To Watch In December 2024

The U.S. stock market has been experiencing volatility, with recent declines following the Federal Reserve's decision to cut its benchmark rate while signaling a slowdown in future reductions. In this climate, investors often turn their attention to smaller companies that might offer unique opportunities for growth and value. Penny stocks, though an older term, still represent a segment of the market where emerging firms can provide significant potential when supported by strong financials and promising business models.

Top 10 Penny Stocks In The United States

Name	Share Price	Market Cap	Financial Health Rating
Inter & Co (NasdaqGS:INTR)	$4.39	$1.94B	★★★★☆☆
QuantaSing Group (NasdaqGM:QSG)	$3.08	$120.12M	★★★★★★
BAB (OTCPK:BABB)	$0.9075	$6.35M	★★★★★★
Imperial Petroleum (NasdaqCM:IMPP)	$2.88	$87.05M	★★★★★★
ZTEST Electronics (OTCPK:ZTST.F)	$0.2392	$8.46M	★★★★★★
Golden Growers Cooperative (OTCPK:GGRO.U)	$4.50	$67.38M	★★★★★★
Smith Micro Software (NasdaqCM:SMSI)	$0.9971	$15.52M	★★★★★☆
CBAK Energy Technology (NasdaqCM:CBAT)	$0.859	$75.24M	★★★★★☆
Zynerba Pharmaceuticals (NasdaqCM:ZYNE)	$1.30	$65.6M	★★★★★☆
Safe Bulkers (NYSE:SB)	$3.57	$387.6M	★★★★☆☆

Click here to see the full list of 720 stocks from our US Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Conifer Holdings (NasdaqCM:CNFR)

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

Overview: Conifer Holdings, Inc. is an insurance holding company that sells property and casualty insurance products, with a market cap of $14.29 million.

Operations: The company's revenue is primarily derived from its Personal Lines segment, which generated $31.85 million, and its Commercial Lines segment, contributing $31.32 million.

Market Cap: $14.29M

Conifer Holdings, Inc. faces challenges typical of penny stocks, with short-term assets of US$167.6 million failing to cover liabilities of US$234.3 million, yet it holds more cash than total debt and has reduced its debt-to-equity ratio over five years. Despite being unprofitable and experiencing a 37.3% annual increase in losses over the past five years, recent earnings show improvement with a net income of US$53.29 million for Q3 2024 compared to a loss previously. The company completed a share buyback but did not repurchase any shares recently under this plan.

• Jump into the full analysis health report here for a deeper understanding of Conifer Holdings.
• Review our historical performance report to gain insights into Conifer Holdings' track record.

Hugoton Royalty Trust (OTCPK:HGTX.U)

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

Overview: Hugoton Royalty Trust operates as an express trust in the United States, with a market cap of $20.30 million.

Operations: The trust generates revenue from its Oil & Gas - Exploration & Production segment, totaling $0.02 million.

Market Cap: $20.3M

Hugoton Royalty Trust, with a market cap of US$20.30 million, remains pre-revenue, generating only US$0.02 million from its oil and gas segment. The trust is debt-free with no long-term liabilities, and its short-term assets cover short-term liabilities. Despite being unprofitable, it has reduced losses by 50.3% annually over the past five years without shareholder dilution in the past year. Recent earnings show a decline in revenue to US$0.00471 million for Q3 2024 from US$0.01281 million the previous year, highlighting volatility typical of penny stocks in this sector.

• Click here to discover the nuances of Hugoton Royalty Trust with our detailed analytical financial health report.
• Understand Hugoton Royalty Trust's track record by examining our performance history report.

Silver Bull Resources (OTCPK:SVBL)

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

Overview: Silver Bull Resources, Inc. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in Mexico, Kazakhstan, and Canada with a market cap of $4.29 million.

Operations: Silver Bull Resources, Inc. does not report any revenue segments as it is an exploration stage company focused on mineral properties in Mexico, Kazakhstan, and Canada.

Market Cap: $4.29M

Silver Bull Resources, Inc., with a market cap of US$4.29 million, is pre-revenue and focused on mineral exploration in Mexico, Kazakhstan, and Canada. The company has reduced losses by 24.6% annually over the past five years despite being unprofitable. It remains debt-free with short-term assets of US$757.1K exceeding both its short- and long-term liabilities. The management team boasts an average tenure of 13.8 years, contributing to stability amidst high weekly volatility (9%). However, the cash runway is less than a year if current free cash flow trends persist without significant revenue streams emerging soon.

• Click here and access our complete financial health analysis report to understand the dynamics of Silver Bull Resources.
• Assess Silver Bull Resources' previous results with our detailed historical performance reports.

Where To Now?

• Navigate through the entire inventory of 720 US Penny Stocks here.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Looking For Alternative Opportunities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Jump on the AI train with fast growing tech companies forging a new era of innovation.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com