What are the top penny stocks to invest in now?

Investing in penny stocks can be a high-risk, high-reward strategy for investors. These stocks are typically traded at a low price, often below $5 per share, and can experience significant volatility in their price movements. However, for those willing to take the risk, penny stocks can offer the potential for substantial returns. In this article, we will explore some of the top penny stocks to invest in now.

1. Avinger Inc. (AVGR)

Avinger Inc. is amedical devicecompany that specializes in the development and commercialization of image-guided devices for the treatment of peripheral arterial disease. The company's stock has seen significant growth in recent months, with a 52-week high of $8.61 per share. The company has also recently received FDA approval for its Pantheris SV device, which is expected to drive future revenue growth.

2. Digital Ally Inc. (DGLY)

Digital Ally Inc. provides digital video imaging and storage solutions for law enforcement, security, and commercial applications. The company's stock has seen a surge in demand due to the increased need for surveillance andsecurity solutions. The company's products and services are expected to see continued growth as the demand for security technology continues to rise.

3. Genius Brands International Inc. (GNUS)

Genius Brands International Inc. is a children's media company that creates and licenses animated content. The company's stock has seen significant growth recently due to the success of its popular children's show, "Rainbow Rangers." The company has also recently announced a partnership with Amazon Prime Video, which is expected to drive future revenue growth.

4. Naked Brand Group Limited (NAKD)

Naked Brand Group Limited is a global intimate apparel and swimwear company. The company's stock has seen significant growth recently due to the company's shift towards e-commerce and its partnership with fashion icon Heidi Klum. The company's focus on sustainable and eco-friendly products is also expected to drive future growth.

5. Sundial Growers Inc. (SNDL)

Sundial Growers Inc. is a Canadiancannabis producerthat specializes in the cultivation and distribution of premium cannabis products. The company's stock has seen significant growth recently due to the increasing demand for cannabis products and the company's expansion into the United States market. The company's strong brand recognition and focus on high-quality products are expected to drive future growth.

In conclusion, investing in penny stocks can be a high-risk, high-reward strategy for investors. The stocks listed above offer potential for significant returns, but investors should do their due diligence and carefully research each company before investing. It is also important to diversify one's investment portfolio and not rely solely on penny stocks for growth.