Dow Jones rose slightly by 1.8% last week. Last week, half of the top stock price rose more than 40%. We will carefully examine these profits in the list of the top 10 penny stocks to watch for 2018. We will also share the best penny stocks this week to watch the explosive growth.
You know, low-priced stocks are a good opportunity for investors, and they can seek major gains without the stumbling blocks of large-scale initial investment.
Take a look at Rennova Health Inc. (OTCMKTS:RNVA), the biggest gainer last week. On Thursday (April 5th) Rennova’s share price rose sharply. Although Rennova did not release any specific news that may push up trading volume, the company’s stock trading volume increased by 45%, resulting in a sharp rise in the stock price.
Top Penny Stocks to Watch For 2018
Rennova shares closed at 0.02 US dollars this week, up 73% from the initial price of this week.
73% of the revenue is exciting, but we do not expect to get more income like Rennova. After observing 10 top premium stocks this week, we will carefully study the best penny stocks to focus on the strong performance of the future.
|Penny Stock||Current Share Price||Last Week’s Gain|
|Rennova Health Inc. (OTCMKTS: RNVA)||$0.018||73.63%|
|CASI Pharmaceuticals Inc. (Nasdaq: CASI)||$6.27||68.11%|
|Eleven Biotherapeutics Inc. (Nasdaq: EBIO)||$1.57||42.86%|
|BioLife Solutions Inc. (Nasdaq: BLFS)||$7.52||39.77%|
|Broadwind Energy Inc. (Nasdaq: BWEN)||$2.87||38.64%|
|Capstone Turbine Corp. (Nasdaq: CPST)||$1.44||37.73%|
|CorMedix Inc. (NYSE: CRMD)||$0.23||25.76%|
|Senseonics Holdings Inc. (NYSE: SENS)||$3.84||24.17%|
|EyeGate Pharma Inc. (Nasdaq: EYEG)||$0.37||24.00%|
|Tintri Inc. (Nasdaq: TNTR)||$2.13||23.68%|
Although penny stocks can provide these major benefits for investors, it is important to note that they are also inherently at risk. Although there are several subdividing shares that have great growth potential, many of them pose significant risks to retail investors.
To avoid these pitfalls, check out our five rules for safe investment in penny stocks, on the right.
Based on our proprietary valuation system development, VQScore determines the underestimated stock with the highest profit potential by conducting a mixed analysis of the company’s earnings potential, growth rate, earnings per share growth, and number of markets.
The VQScore system operates from 1 to 4, where 4 represents stocks with strong growth potential.
The VQScore for the largest penny stock we observed this week is 4, indicating that it has a strong base value and a high probability of providing significant returns to investors.
The company’s return on equity (ROE) is the amount the company invests in the company – the amount of profits the company brings – is more than 400% above the industry average. This shows that the company is well-managed and is likely to achieve amazing growth.
This is our highest penny stock this week…
Entravision Communications Co. (NYSE:EVC) is a Spanish media company based in Santa Monica, California.
The company owns radio stations and television stations in 20 of the country’s 50 Spanish-speaking markets, and operates 58 major television stations throughout the country.
Entravision’s profit potential lies in the rapidly expanding Latino community, which forms the majority of the company’s viewing base.
From 2000 to 2014, the Latin American population accounted for over 50% of the total population growth in the country, bringing the total population of Hispanics to approximately 55 million.
In the next 10 years, the Latin American population is expected to increase by 24 million Hispanics, an increase of more than 30%.
This growing audience has shown the company’s development. Last year, the company’s return on net assets was 49.84%. This is more than 400% above the industry average of 11.99%.
As the expanding consumer market continues to seek new content from major Spanish media, Entravision is likely to continue to grow in the future.
Wall Street also agrees with us. Analysts have set a high price target for the company’s stock at $11 – when today’s price was $5.02, the price rose by 119%.
But you don’t have to stick to penny stocks to find explosive profits in the stock market. In fact, we can tell you how to…
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If a small company is at the center of this huge transformation, even small-scale investments may create amazing wealth in the coming years.