Penny stocks, like other kinds of stocks, are highly volatile and as such can be hard to invest in properly especially for those who are just starting out and don’t yet have a grasp on the whole penny stock market.
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Now that you have signed up for his list, lets talk a little about how to do research on your own and figure out what penny stock strategies you can implement in your own plan.
One of the best things about penny stocks though is the cheap cost - a $1000 investment can buy you thousands of shares of a company and if the company even increases by a few pennies then your investment skyrockets at a rate that’s higher than regular stocks. But the main issue lies in finding those great penny stocks as for every good one there hundreds of bad ones.
In order for you to not fall into the trap of buying penny stocks that go nowhere - or worse those that go down - I’ve compiled a list of top performing penny stocks to make your decision easier.
1. Zix Corporation
This corporation is currently one of the best have a grasp to invest in thanks to its impressive YTD increase of 23.6%. YTD stands for year to date and is the period of the first day from the current calendar to the current year.
ZixCorp specializes in the email encryption industry and the email data loss prevention, a market that will not die down any time soon. In addition, the corporation is also growing at an impressive pace, with some sources reporting up to 110,000 members every single week.
It’s year-over-year performance has also increased considerably, with a 5.4% increase in its revenue to 13.3 million dollars.
2. Clean Diesel Tecnologies Inc
This company, which has been chosen by the Honda Motor Company to supply catalysts for the new 2017 Honda Accord Hybrid, is seeing a great potential to go uptrend. Its year to date performance as of now is a whopping +83.34% which is one of the most impressive rises of any competing penny stocks.
Currently trading at $3.70 USD as of August 1, 2016, this stock has increased by over 200% from its closing only a month ago. Once the price goes it it is likely to stabilize so I would recommend on taking advantage of the upcoming uptrend before it is too late to maximize your profits.
3. DHX Media Ltd
DHX media’s main purpose is the creation of content for families and children. Its vast library contains over 11,000 half an hour pieces of entertainment programming that includes shows such as Teletubbies, In the Night Garden, Inspector Gadget, Johnny Test, Slugterra and many more. Understandably, this company owns the Family Channel which is the most viewed children's television channel in Canada. But it doesn’t just specialize in Canadian markets as DHX Media has offices in Los Angeles, Toronto, Paris, Barcelona, Milan, Amsterdam, Vancouver and Munich.
Its year-over-year increase was a very impressive 127% and the reported net income was up 150% all the way to $19.5 million. The most impressive part however is its fourth quarter net income which has soared 139% to $71.2 million including a near 300% increase in net income to $3.7 million. You can see the reported net incomes and revenues here.
4. Skyline Corporation
Founded in 1951, Skyline Corporation is a penny stock that is based in Indiana and produces, designs and markets manufactured housing, park models as well as modular housing in U.S. and in Canada. It currently has 11 operating divisions located across 9 states. Some other key features of this company include no corporate debt and a strong cash position, as explained by the company themselves here.
The reported revenue for the second quarter of fiscal 2016 showed a 18% increase in its year-over-year all the way to $58.6 million. This is significant as it’s the most profitable quarter in this company’s history since the 4th quarter in 2007 which makes it another one of the best penny stocks to invest in.
Its year-to-date revenue is up 17% and the month-over-month is up over 37%.
5. ParkerVision Inc.
ParkerVision is a company that was founded in Florida in 1989. The main focus of this company is development, design and marketing of various proprietary radio frequency products and technologies.
The stock has nearly doubled in price from over a month and a half ago and currently sits at a comfortable $6.44 USD. It’s YTD increase is at a very solid +158.62%, which bodes well for those looking for a penny stock to invest.
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