3 US Penny Stocks With Market Caps Under $400M To Watch

As the U.S. stock market edges closer to record highs, driven by a rally in tech stocks and easing trade concerns, investors are exploring diverse opportunities across various sectors. Penny stocks, often associated with smaller or emerging companies, remain an intriguing area for those seeking potential growth at a lower entry cost. Despite their historical reputation as speculative investments, penny stocks backed by strong financials can offer unique value propositions and growth potential in today's market landscape.

Top 10 Penny Stocks In The United States

Name	Share Price	Market Cap	Financial Health Rating
BAB (OTCPK:BABB)	$0.8781	$6.23M	★★★★★★
QuantaSing Group (NasdaqGM:QSG)	$3.08	$120.12M	★★★★★★
ZTEST Electronics (OTCPK:ZTST.F)	$0.275	$10.3M	★★★★★★
Imperial Petroleum (NasdaqCM:IMPP)	$2.99	$91.9M	★★★★★★
Permianville Royalty Trust (NYSE:PVL)	$1.42	$47.19M	★★★★★★
Golden Growers Cooperative (OTCPK:GGRO.U)	$4.50	$67.38M	★★★★★★
BTCS (NasdaqCM:BTCS)	$3.06	$53.61M	★★★★★★
Smith Micro Software (NasdaqCM:SMSI)	$1.52	$23.94M	★★★★★☆
CBAK Energy Technology (NasdaqCM:CBAT)	$0.91	$83.05M	★★★★★☆
SideChannel (OTCPK:SDCH)	$0.03906	$8.77M	★★★★★★

Click here to see the full list of 702 stocks from our US Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

GoPro (NasdaqGS:GPRO)

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

Overview: GoPro, Inc. develops and sells cameras, mountable and wearable accessories, along with subscription services and software globally, with a market cap of approximately $0.15 billion.

Operations: The company's revenue is derived from its Photographic Equipment & Supplies segment, totaling $896.01 million.

Market Cap: $149.62M

GoPro, Inc. is navigating the penny stock landscape with a market cap of approximately US$0.15 billion, facing challenges due to its unprofitability and increased losses over recent years. Despite this, it has maintained a stable debt position with more cash than total debt and a reduced debt-to-equity ratio from 111.2% to 50.6% over five years. Recent product upgrades and strategic partnerships in premier racing series like MotoGP aim to enhance its brand visibility and appeal in the action camera market segment, potentially supporting future revenue streams despite current financial hurdles.

• Click here to discover the nuances of GoPro with our detailed analytical financial health report.
• Gain insights into GoPro's outlook and expected performance with our report on the company's earnings estimates.

Protalix BioTherapeutics (NYSEAM:PLX)

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

Overview: Protalix BioTherapeutics, Inc. is a biopharmaceutical company that develops, produces, and commercializes recombinant therapeutic proteins using its proprietary ProCellEx plant cell-based protein expression system across various countries including the United States and Israel, with a market cap of $185.56 million.

Operations: Protalix BioTherapeutics generates revenue from its Biotechnology (Startups) segment, amounting to $45.67 million.

Market Cap: $185.56M

Protalix BioTherapeutics, Inc., with a market cap of US$185.56 million, is navigating the penny stock space by leveraging its proprietary ProCellEx technology to generate US$45.67 million in revenue from its biotechnology segment. Although currently unprofitable, the company has shown improved financial performance with a recent quarterly net income of US$3.24 million compared to a loss the previous year and maintains a strong cash position exceeding both short and long-term liabilities. Recent amendments to its bylaws could impact shareholder engagement, potentially influencing future governance dynamics as it continues strategic presentations at industry events like BIO Partnering @JPM Week.

• Click to explore a detailed breakdown of our findings in Protalix BioTherapeutics' financial health report.
• Evaluate Protalix BioTherapeutics' prospects by accessing our earnings growth report.

BARK (NYSE:BARK)

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

Overview: BARK Inc. is a dog-centric company offering products, services, and content for dogs, with a market cap of $330.51 million.

Operations: The company generates revenue through its Commerce segment, which accounts for $58.98 million, and its Direct to Consumer segment, contributing $429.91 million.

Market Cap: $330.51M

BARK Inc. operates within the penny stock realm with a market cap of US$330.51 million, driven by its Commerce and Direct to Consumer segments generating significant revenue. Despite being unprofitable, BARK has improved its financial health over time, now holding more cash than debt and covering liabilities with short-term assets of US$231.6 million. Recent earnings showed stable sales growth but continued net losses, while guidance suggests potential revenue variability due to shipment timing. Initiatives like expanding BARK Air highlight innovation in customer offerings despite insider selling possibly affecting investor sentiment in the near term.

• Take a closer look at BARK's potential here in our financial health report.
• Understand BARK's earnings outlook by examining our growth report.

Key Takeaways

• Embark on your investment journey to our 702 US Penny Stocks selection here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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.

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