Firefly Neuroscience, Eterna Therapeutics, and Nature’s Miracle Holding are the 3 Penny Stocks to watch on January 16, 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 15, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Firefly Neuroscience Inc. (AIFF) – Firefly Neuroscience is a medical technology and AI company that is focused on developing neuroscientific solutions to improve brain health outcomes for patients suffering from mental illnesses and neurological disorders. On January 15, AIFF had a Dollar Volume of $413.53 million, while its stock price gained 17.5%.
On Tuesday, Firefly Neuroscience announced that it had discovered an innovative solution to assess a patient’s brain age. Its FDA (Food and Drug Administration)-cleared BNA technology platform helped assess an estimation of the biological age of a person’s brain, which could be used for early screening of Alzheimer’s patients. In the past two trading sessions, AIFF shares have skyrocketed over 94%.
Eterna Therapeutics (ERNA) – Eterna Therapeutics is a clinical-stage biotechnology company that focuses on developing medicines to treat various forms of cancer and other diseases. The company uses patented foundational mRNA cell engineering technology for developing the treatments.
ERNA had a Dollar Volume of $263.81 million yesterday, with a stock price decline of 4.9%. Shares are trending down 14% in pre-market trading as of writing. The share price decline seems to be a reversal from the prior day’s rally, when ERNA shares jumped over 48%. On Tuesday, Eterna announced positive data from a preclinical study on the company’s lead cell therapy product, ERNA-101. The product helps to activate and regulate the immune system’s response to recognize and attack ovarian cancer cells.
Nature’s Miracle Holding (NMHI) – Nature’s Miracle Holding is a vertically integrated, controlled environment agriculture technology provider that offers horticulture, irrigation systems, dehumidifier systems, and other services.
NMHI had a Dollar Volume of $255.79 million on Wednesday, while its stock price plunged by over 60%. Investors dumped the stock in reaction to the news of the receipt of a delisting notice from the Nasdaq, stating that the Nasdaq Hearings Panel has determined to delist the company’s common stock and warrants for failing to comply with its minimum shareholders’ equity requirement. The company has 15 days from January 13 (date of receipt of notice) to request the Nasdaq Listing and Hearing Review Council to review the panel’s decision. NMHI is considering appealing the decision.
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.
