Universe Pharmaceuticals, SMX Public Limited Company, and Avalon GloboCare are the 3 Penny Stocks to watch on December 10, 2024, 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 December 9, 2024. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Universe Pharmaceuticals (UPC) – China-based Universe Pharmaceuticals specializes in manufacturing and marketing of traditional Chinese medicine derivatives (TCMD) products, focused on the elderly population and their well-being.
On December 9, UPC had a Dollar Volume of $317.74 million, while its stock price crashed by 59.3%. The company announced a $15 million registered direct offering. It has entered into a definitive agreement to sell 18.75 million of its common stock or equivalent pre-funded warrants at a price of $0.28125 each. UPC shares fell in reaction to this news.
SMX Public Limited Company (SMX) – Ireland-based SMX (Security Matters) offers authentication and tracking solutions through its proprietary marker system. These markers can be embedded permanently or temporarily in solid, liquid, and gaseous materials.
SMX had a Dollar Volume of $219.80 million yesterday, with its stock price falling by 19.7%. SMX announced the resale of up to 367,125 of its common stock. The company is also moving forward with its previously announced merger agreement with Ybyra Capital, with the expected closing date in the first half of 2025. SMX shares have been highly volatile in the past couple of days, gaining over 100% in the past five trading sessions.
Avalon GloboCare Corp. (ALBT) – U.S.-based Avalon GloboCare is a commercial-stage biotechnology company, offering innovative precision technology and clinical laboratory services.
ALBT’s Dollar Volume stood at $200.97 million yesterday, accompanied by a stock price decline of 1.7%. Though there was no specific news for Avalon GloboCare on December 9, its shares have been volatile in the past couple of trading sessions, jumping over 50% on December 6.
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.
