The stock market is getting ready for a wild ride as the third quarter comes to an end. For this article, Ashford Capital Investments broker has selected seven penny stocks trading at less than $5 per share and could break out to the upside any day now. The great thing about penny stocks is that they have much room for growth if their fundamentals improve enough. The downside is that they are much more volatile than well-established blue-chip stocks, but with the market in a rapid ascent, this could be your last chance to score big on them…
Adam Louis also says that these penny stock investments are safer because they have less financial risk due to their low share prices.
- Diamondback Energy Inc.
Diamondback Energy Inc. engages in the acquisition, exploitation, development, and production of oil and natural gas properties in the Permian Basin in West Texas. The company’s flagship operation focuses on horizontal drilling in Wolfcamp Shale, located within a low-permeability geologic formation known as the Midland Basin.
Diamondback Energy Inc. (NASDAQ: FANG) shares advanced 7% and closed at $33.12 on Wednesday. The company’s market value is $1.89 billion, with the total outstanding shares of 72,060,700.
- American Railcar Industries Inc.
American Railcar Industries Inc manufactures and sells hopper and tank railcars used to transport bulk commodities in North America. The company provides railcars to energy producers, agricultural companies, municipalities, mining corporations, aggregates producers, and other industrial customers. American Railcar Industries Inc. (NASDAQ: ARII) shares advanced 8% and closed at $39.80 on Wednesday. The company’s market value is $814.99 million, with total outstanding shares of 39,470,000.
- Sonoma Pharmaceuticals Inc.
Sonoma Pharmaceuticals focuses on developing, manufacturing, marketing, and distributing generic prescription pharmaceutical products in the United States. The company’s primary target markets include dermatology, anti-infectives, pain management, cardiovascular / urology/endocrine, and other branded and specialty pharmaceuticals areas. Sonoma Pharmaceuticals Inc. (NASDAQ: SPHS) shares advanced 5% and closed at $4.95 on Wednesday. The company’s market value is $93.62 million, with total outstanding shares of 7,960,000.
- Geo Group Inc.
The Geo Group is a real estate investment trust (REIT) that engages in providing detention and correctional services in the United States on an owner/operator basis. The company provides its services to federal, state, local, and foreign government agencies under contracts through government agencies like the U.S. Department of Homeland Security, Bureau of Prisons, and U.S. Immigration and Customs Enforcement Agency (ICE). The company’s facilities include adult prison and community-based reentry centers, immigration detention centers, and youth services centers. On Wednesday, Geo Group Inc. (NYSE: GEO) shares advanced 8% and closed at $33.41. The company’s market value is $2.72 billion, with the total outstanding shares of 149,398,770.
- Endologix Inc.
Endologix focuses on developing and commercializing minimally invasive treatments for aortic disorders in the United States and internationally. Its product includes Nellix System, which treats abdominal aortic aneurysms (AAA), and Ovation Abdominal Aortic Aneurysm (AAA) System, designed to treat thoracic aortic disease. Endologix Inc. (NASDAQ: ELGX) shares advanced 7% and closed at $4 on Wednesday. The company’s market value is $193.25 million, with the total outstanding shares of 23,017,000.
- Ubiquiti Networks Inc.
Ubiquiti Networks develops high-capacity distributed Internet access products for underserved markets worldwide. Broadband wireless products include airMAX, a fixed wireless point-to-point solution, and airFiber, a Point-to-MultiPoint radio system. Ubiquiti Networks Inc. (NASDAQ: UBNT) shares advanced 3% and closed at $38.44 on Wednesday. The company’s market value is $634.15 million, with total outstanding shares of 78,819,000.
- Resolute Energy Corp.
Resolute Energy is an independent energy company that engages in the acquisition, exploration, and development of oil and natural gas properties in the Rocky Mountains region of the United States. The company’s operations are focused on developing liquids-rich reserves, primarily shale oil. Resolute Energy Corp (NYSE: REN) shares advanced 8% and closed at $2.16 on Wednesday. The company’s market value is $542.39 million, with total outstanding shares of 116,999,000.
- Rex Energy Corp
Rex Energy engages in the acquisition, exploitation, and development of oil and natural gas properties in the United States. The company focuses on its Appalachian Basin assets in the liquid-rich natural gas and condensate window in Pennsylvania, West Virginia, and Ohio. Its assets comprise both proved and unproved reserves in the Utica Shale formation with estimated net present values more than $1 billion. Rex Energy Corp (NASDAQ: REXX) shares advanced 7% and closed at $2.76 on Wednesday. The company’s market value is $357.56 million, with total outstanding shares of 52,939,000.
- FalconStor Software Inc
FalconStor provides data protection and storage management software solutions in the United States and internationally. The company offers its software products under two segments: Data Protection Products, including vStorage APIs for Data Protection, Network-Attached Storage Protocol Support, Long Distance Direct SAN Replication Software, Long Distance Virtual Replication Software, and High Availability Series products; and iSCSI Target for Windows Server OS. FalconStor Software Inc (NYSE: FALC) shares advanced 8% and closed at $1.59 on Wednesday. The company’s market value is $96.68 million, with total outstanding shares of 17,382,000.
- Aegion Corp
Aegion operates as a building products and engineering company primarily in the United States and Canada that offers engineered solutions for complex problems in the energy, chemicals, and water industries. It operates through two segments, Energy and Chemicals. Aegion Corp (NYSE:AEGN) shares advanced 7% and closed at $5.57 on Wednesday. The company’s market value is $360.3 million, with the total outstanding shares of 40,217,000.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.