My Size, Tonix Pharma, and Syntec Optics are the 3 Penny Stocks to watch on December 24, 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 23, 2024. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
My Size (MYSZ) – My Size is an e-commerce platform that provides AI-driven measurement solutions, including MySizeID and the recently acquired Naiz Fit, to enhance revenue growth and reduce costs for its business clients. On December 23, MYSZ had a Dollar Volume of $514.41 million, while its stock price surged about 12.5%. There was no company-specific news.
Tonix Pharma (TNXP) – Tonix is a biopharmaceutical company focused on developing therapies for central nervous system (CNS) disorders. TNXP had a Dollar Volume of $179.16 million on December 23, with its stock price plunging 34%.
Yesterday, the company announced that the U.S. Food and Drug Administration (FDA) assigned a Prescription Drug User Fee Act (PDUFA) goal date of August 15, 2025, for a decision on the marketing approval for TNX-102 SL (cyclobenzaprine HCl sublingual tablets) for the treatment of fibromyalgia. Last week, the non-opioid, centrally acting analgesic drug’s application for review was accepted by the FDA.
Syntec Optics (OPTX) – Syntec Optics offers custom optical solutions for biomedical, defense, consumer, and communication end markets. OPTX’s Dollar Volume stood at $136.08 million on December 23, while its stock price declined over 11%. There was no company-specific news on Monday.
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.
