N2OFF Inc., Nauticus Robotics, and Focus Universal Inc. are the 3 Penny Stocks to watch on January 7, 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 6, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
N2OFF Inc. (NITO) – Israel-based N2OFF is an agriculture-food technology company that is focused on developing sustainable solutions for the plant-based food industry. The company operates through two subsidiaries: Save Foods Ltd. and N2OFF Ltd., both of which aim to reduce chemical exposure in food and enhance the shelf life of fresh produce.
On January 6, NITO had a Dollar Volume of $945.89 million, while its stock price crashed by 24.6%. The decline in stock price seems to be a reversal from Friday’s surge. On January 3, NITO announced the signing of a binding letter of intent (LOI) with Solterra subsidiary, Soltera Brand Services Italy, to develop two battery storage systems in Sicily. NITO shares skyrocketed over 146% on Friday.
Nauticus Robotics, Inc. (KITT) – Nauticus Robotics manufactures a highly sophisticated, ultra-sustainable fleet of marine robotics backed by intelligent software. KITT had a Dollar Volume of $398.24 million yesterday, accompanied by a share price surge of 27.9%. There was no company-specific news for Nauticus Robotics yesterday. However, a majority of robotics stocks jumped on Monday.
With the CES (Consumer Electronics Show) 2025 in the limelight, investors expect that robotics companies could be the next big beneficiaries of the ongoing AI wave. Meanwhile, Nauticus Robotics recently announced the completion of a subsea field inspection with a second global supermajor oil and gas company in the Gulf of Mexico, validating its capabilities in subsea technology. The two companies are discussing potential projects for 2025. KITT shares have been rising steadily since the announcement.
Focus Universal Inc. (FCUV) – California-based Focus Universal offers patented hardware and software design technologies for the Internet of Things (IoT) and 5G. On January 6, FCUV’s Dollar Volume stood at $250.23 million, while its share price rose by 1.2%. There was no specific news to explain the high trading volume in Focus Universal shares.
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.
