![]() ![]() As of April 23, 2021, the company has a market cap of $11.1 billion, and stock trades at $151.18 a share. notably soared in January 2021 after a group of mainly millennial traders on the Reddit message board WallStreetBets executed a short squeeze and a gamma squeeze, boosting the stock from under $20 at the start of the year to as high as $483 on January 28. In the first half of 2020, the stock was trading at around $4 a share. ![]() One of the most successful yet controversial stocks in 2020 was video game retail store GameStop Corp. The company has a market cap of $16 billion and recorded $337.4 million gross billings in 2020. The stock skyrocketed 521.8% in the last twelve months. In 2020, it traded from $3 in January to $37 in December. The New York-based innovative company manufactures hydrogen fuel cells for electric vehicles and stationary power markets in North America and Europe. As of April 23, 2021, the company has a market cap of $15.7 billion, and the stock trades at $207.61 a share.Īnother penny stock that exploded in 2020 was Plug Power Inc. (NASDAQ: NVAX) on March 12 and raised its price target to $317. maintained its buy rating on Novavax, Inc. Shares climbed to $101.20 a share after the announcement. also started a clinical trial of the COVID-19 vaccine in April 2020, and fast forward to November, FDA approved a Fast Track Designation for the NVX-CoV2373. Still, after the US Food and Drug Administration (FDA) authorized Fast Track Designation for its seasonal flu vaccine candidate, the stock rose to $4.49. (NASDAQ: NVAX ) was trading as low as $3.65 in mid-January 2020. The goal price was set at $ 58.įormer pharmaceutical penny stock Novavax, Inc. In March 2021, Blink Charging has been given a Buy rating by ROTH Capital Partners, LLC analysts. The company's revenue in 2020 climbed 125.8% to $6.2 million from $2.7 million in 2019. The stock has gained 2,072% in the last twelve months. (NASDAQ: BLNK) currently trades at $37.54 as of April 23, 2021, and has a market cap of $1.5 billion. On December 28, 2020, shares of BLNK reached highs of $56.12, up 4,390% since those prior lows in March. also offers a cloud-based network that enables remote monitoring and management of EV charging stations. Based in Miami Beach, Florida, the company provides EV charging equipment and services in the U.S. One perfect example of a penny stock that skyrocketed in 2020 is Blink Charging Co. (AMD) would keep enjoying an edge over Intel amid the latter’s plans to go ahead with in-house production of chips. The firm, which also downgraded Intel, said that Advanced Micro Devices, Inc. Earlier in April, Raymond James started covering Advanced Micro Devices (NASDAQ:AMD) with an Outperform rating and $100 price target. The company has become a semiconductor juggernaut, giving giants like Intel a run for their money. Today, the company has a market cap of over $103 billion and was hovering around $85 dollar, as of April 26. For example, in May 2016, Advanced Micro Devices, Inc. At any given point in time there are stocks are guaranteed to soar and become famous down the road, but few can analyze their business models to gauge their actual value. The stock market has a lot of opportunities for those who know where to look. Penny stocks bear much higher amounts of trouble, but with intelligent analysis and a proper risk management plan, they can provide a reasonable amount of returns. Investing in penny stocks doesn't eliminate the risk of losing money. ![]() Or, in the words of some Reddit investors and Elon Musk, "HODL" (hold on for dear life). It is possible to profit from penny stocks whether investors want to "day trade," a trading strategy that involves pumping and dumping a stock. These industries have evolved into the most innovative sectors that offer the fastest-growing and most profitable companies to invest in. As the worldwide economy re-opens, many investors are stirred by the potential growth of certain industries such as healthcare, technology, EV, and solar. Investors are optimistic about the global economic uptrend with increased consumer spending, and employment gradually begins to recover. Many investors wonder if there are any decent stocks left to be bought at a low price as the stock market continues to reach new highs, dragging share prices up with it. You can skip our detailed analysis of these stocks' outlook for 2021 and some of the major growth catalysts for the fastest-growing industries to invest in and go directly to the 5 Best Stocks Under $5 in 2021. This article will take a look at the 10 best stocks under $5 in 2021.
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