Sidus Space, Inc., Tonix Pharma, and Syntec Optics Holdings are the 3 Penny Stocks to watch on December 19, 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 18, 2024. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Sidus Space, Inc. (SIDU) – Sidus Space is a space mission enabler that offers cost-effective solutions like custom satellite design, payload hosting, mission management, and artificial intelligence (AI)-enhanced space-based sensor data-as-a-service.
On December 18, SIDU had a Dollar Volume of $1.36 billion, while its stock price declined about 19%. Shares fell in reaction to the company’s announcement of a private placement worth $14 million. The company stated that it will be issuing a combination of 6,799,892 shares of Class A common stock and warrants to purchase 3,399,946 shares of Class A common stock.
Tonix Pharma (TNXP)– Tonix is a biopharmaceutical company focused on developing therapies for central nervous system (CNS) disorders. TNXP had a Dollar Volume of $339.10 million on December 18, with its stock price surging by 9.3%.
Shares advanced after the company announced that the U.S. Food and Drug Administration (FDA) has accepted the filing of its New Drug Application (NDA) for TNX-102 SL, a 5.6 mg, non-opioid, centrally-acting analgesic, for the management of fibromyalgia.
Syntec Optics Holdings (OPTX) – Syntec Optics offers custom optical solutions for biomedical, defense, consumer, and communication end markets. OPTX’s Dollar Volume stood at $329 million on December 18, while its stock price plunged over 28%. There was no company-specific 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.
