GSI Technology, Versus Systems, and ParaZero Technologies Ltd. are the 3 Penny Stocks to watch on January 21, 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 17, 2025 (January 20 was a holiday on account of Martin Luther King Jr. Day). Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
GSI Technology (GSIT) – GSI Technology operates in the AI (artificial intelligence) sector, offering advanced SRAM (static random access memory) technology and AI solutions. On January 17, GSIT had a Dollar Volume of $346.42 million, while its stock price skyrocketed by 43.6%.
GSIT announced that it was selected by the U.S. Army for a potential contract award of up to $250,000 under the DoD Small Business Innovation Research program. Shares jumped in reaction to this news on Friday and were trending higher in Tuesday’s pre-market trading at the time of writing.
Versus Systems (VS) – Canada-based Versus Systems creates and offers a suite of proprietary, customized, interactive, prizing, and promotions tools that allow brands and content creators to offer real-world prizes inside their content. VS had a Dollar Volume of $180.20 million on Friday, accompanied by a stock price gain of 43.8%.
Versus Systems announced that it had entered Brazil’s strategic and fast-growing gaming market, marking a significant step in its global expansion plans. The company aims to expand its gamification platform into several countries to transform audience engagement across industries.
ParaZero Technologies Ltd. (PRZO) – Israel-based ParaZero Technologies Ltd. is an aerospace company specializing in drone safety systems. The company developed the world’s first parachute recovery system (PRS) for commercial unmanned systems. PRZO’s Dollar Volume stood at $134.11 million on Friday, while its stock price jumped by 15.1%.
On January 17, ParaZero announced that it had received official approval from the Israeli Defense Export Controls Agency under the Ministry of Defense for the marketing of its HALO Precision Airdrop System. The system allows the safe delivery of sensitive and critical supplies, including blood units, under challenging conditions. PRZO shares jumped in reaction to the positive news.
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.
