What Are the Top Penny Stocks to Invest in Now?

What Are the Top Penny Stocks to Invest in Now?

Penny stocks, also known as micro-cap stocks, are stocks that trade for less than $5 per share. They are often associated with high risk, but also high potential reward. With the right strategy and research, penny stocks can be a great addition to any investment portfolio. In this article, we will discuss the top penny stocks to invest in now.

1. Genius Brands International Inc. (GNUS)

Genius Brands International Inc. is a children's media company that creates and licenses animated content. The company recently launched a new streaming service called Kartoon Channel! which has seen strong growth in users since its launch. Additionally, the company has partnerships with major retailers like Walmart and Target to sell its merchandise. With a market cap of only $199 million, GNUS has the potential for significant growth in the future.

2. Zomedica Pharmaceuticals Corp. (ZOM)

Zomedica Pharmaceuticals Corp. is a veterinary diagnostic and pharmaceutical company. The company recently received FDA approval for its diagnostic test for thyroid disease in dogs. The company also has several other diagnostic tests in development. With a market cap of only $350 million, ZOM has the potential for significant growth in the future.

3. Naked Brand Group Limited (NAKD)

Naked Brand Group Limited is a global intimate apparel and swimwear company. The company recently announced a merger with Bendon Limited, a New Zealand-based lingerie company. The merger is expected to expand the company's global footprint and increase its sales. With a market cap of only $75 million, NAKD has the potential for significant growth in the future.

Investment Strategies for Penny Stocks

Investing in penny stocks can be risky, but there are strategies that can help minimize the risk. One such strategy is to do thorough research on the company before investing. This includes researching the company's financials, management team, and competition. Another strategy is to diversify your portfolio by investing in multiple penny stocks instead of just one. Additionally, it's important to set realistic expectations and not invest more than you can afford to lose.

Conclusion

Penny stocks can be a great addition to any investment portfolio, but they come with high risk. It's important to do thorough research and have a solid investment strategy before investing in penny stocks. The top penny stocks to invest in now include Genius Brands International Inc., Zomedica Pharmaceuticals Corp., and Naked Brand Group Limited. However, it's important to remember that these stocks may not be suitable for all investors and to only invest what you can afford to lose.