DatChat Inc., Vision Marine Technologies, and Bridger Aerospace Group Holdings are the 3 Penny Stocks to watch on January 14, 2025, based on TipRanks’ Penny Stock Screener tool. Penny stocks are defined as stocks that trade at or below $5 per share and have a market capitalization of below $300 million.
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The Penny Stock Screener helps investors scan stocks based on numerous parameters, including Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.
We leveraged the tool to pick the top three penny stocks with the highest Dollar Volume as of the close on January 13, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
DatChat Inc. (DATS) – DatChat is a metaverse and social media company. It operates the DatChat Messenger platform that enables a safe and private chatting experience for users, with the option to delete chats and chat history at any time. It also disallows the option to take screenshots of chats.
On January 13, DATS had a Dollar Volume of $766.28 million, while its share price gained 12.2%. DATS shares have been rather volatile lately, with the stock zooming over 180% in the last five trading sessions. On January 8, DATS announced a securities purchase agreement of 1.2 million shares of common stock with certain institutional investors at an offer price of $4.25 per share. The offering closed on January 10. DATS stated that it intends to use the $5.1 million in gross proceeds from the offering for working capital and general corporate purposes.
Vision Marine Technologies (VMAR) – Vision Marine Technologies designs and manufactures outboard powertrain systems. It offers fully electric outboard motor engines to solve water pollution issues. VMAR had a Dollar Volume of $377.48 million yesterday, while its stock price crashed by 23.7%. VMAR released its Q1 FY25 results yesterday and cautioned of going concern uncertainty as the company continues to report a deficit on its balance sheet.
The company’s Q1 revenue fell drastically to C$142,411 in the quarter from C$986,392 in the year-ago period, while also turning a loss. VMAR also even announced the sale of common stock and warrants to institutional investors at $1.25 per share to raise roughly $5.8 million in gross proceeds. The capital will be used for general corporate and working capital requirements. Meanwhile, on January 10, VMAR announced that it secured over $11.7 million through an at-the-market offering to enable strategic acquisitions, technological advancements, and other uses. VMAR stock skyrocketed over 41% on the news that day.
Bridger Aerospace Group Holdings (BAER) – Bridger Aerospace designs and manufactures purpose-built Aerial Firefighting aircraft, air attack jets, and Multi-Mission Aircraft (MMA). The company’s aircraft boast advanced imaging systems that provide real-time wildfire imagery and video to frontline firefighters, enhancing their tactical decision-making. BAER offers its services to federal and state government agencies across the U.S.
BAER’s Dollar Volume stood at $169.67 million on January 13, with its stock price remaining nearly flat. The company has come into focus currently because of deploying the Super Scooper Aircraft in California to aid in controlling the unprecedented wildfires. The aircraft was deployed on receipt of a Task Order from the U.S. Forest Service at the request of the State of California. BAER shares have been trending higher lately owing to the wildfires, gaining over 49% in the past five trading sessions.
To find more penny stocks like these, you can take a look at TipRanks’ Penny Stock Screener tool. It shows a list of all penny stocks, their price movement, and other vital data.
