CareCloud, Koss Corp., and Tupperware Corp. are the 3 Penny Stocks to watch now, based on the TipRanks’ Penny Stock Screener tool. Penny stocks are defined as stocks that trade at or below $5 per piece and have a market capitalization of below $300 million.
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 stocks that had the highest Dollar Volume as of the close on May 14, 2024. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
CareCloud, Inc. (NASDAQ:CCLD) – CareCloud is a healthcare technology company, offering cloud-based solutions to healthcare organizations. CCLD aims to enhance the clinical workflows, increase revenue, modernize the patient experience, and reduce the operational expenses of the healthcare providers. CareCloud had a Dollar Volume of $213.65 million on May 14, with its stock price down 21.1%. CCLD shares are trending lower in pre-market trading as of the time of writing following weaker-than-expected Q1 FY24 revenues of $26 million. Meanwhile, the loss per share of $0.02 per share came in better than the consensus loss of $0.29 per share.
Koss Corp. (NASDAQ:KOSS) – Koss Corp. engages in the design and manufacturing of stereo headphones and audio accessories. Koss reported its Q1 FY24 results on May 9, posting a diluted loss of $0.03 per share on revenue of $2.64 million. Following this, Koss has become a victim of the recent meme stock rally, which has rocked the markets over the past two days. KOSS’ Dollar Volume was $85.38 million on May 14, with shares shooting up by 40.7%. Even so, KOSS shares were trading down by 13.8% in Wednesday’s pre-market trading at the time of writing.
Tupperware Brands Corp. (NYSE:TUP) –Tupperware designs innovative, functional, and environmentally responsible products such as kitchen gadgets, preparation, storage containers, and serving products for the kitchen and home. Tupperware shares are also facing the recent meme stock mania. TUP stock was up 17.05% on May 14 and its shares are trending down by nearly 10% in Wednesday’s pre-market trading. On May 14, TUP had a Dollar Volume of $50.71 million.
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.
