Top 10 Most Active Penny Stocks Today: A Daily Overview

 

The most active penny stocks can bring big returns AND sufficient liquidity to nail your entries and exits. I do this daily overview to find the penny stocks that have caught the market’s attention. These stocks mostly trade on major exchanges like the Nasdaq and NYSE, not on the OTC markets, which some brokers restrict access to. Monitoring these stocks daily can help traders spot potential opportunities for quick profits.

Here’s what traders should look for in penny stocks:

• Financial Health: Strong earnings, manageable debt levels, and positive cash flow.
• Market Potential: Companies operating in growing industries with significant upside.
• Recent News: Developments such as new product launches, partnerships, or earnings reports.
• Trading Volume: Sufficient volume to ensure liquidity and ease of trading.
• Volatility: Stocks that offer trading opportunities due to price fluctuations.

Let’s get to the content!

List of the Most Active Penny Stocks

Finding the most active penny stocks in October 2024 requires a top-level stock screener. I use the one in StocksToTrade — it has all the tools and customization options that traders like me look for to create hot penny stock watchlists.

Try StocksToTrade for 14 days and see how it helps your watchlist skills — only $7!

To find the most active high-volume penny stocks, I input the following criteria:

• Last Price ≤ $5
• Last Price ≥ $0.50
• 10-Day Average Volume ≥ 20,000,000
• Number of Trades ≥ 1,000

When I run this screen and sort by today’s biggest gainers, it gives me the following top quotes:

Stock Ticker	Company Name	Performance (YTD)
NASDAQ: RELI	Reliance Global Group Inc.	– 58.48%
NASDAQ: GRDI	GRIID Infrastructure Inc.	– 71.67%
NYSE: NYCB	New York Community Bancorp Inc.	– 67.58%
NASDAQ: NVD	GraniteShares 2x Short NVDA Daily ETF	– 89.54%
NASDAQ: CRKN	Crown Electrokinetics Corp.	– 83.62%
NASDAQ: PLUG	Plug Power Inc.	– 43.79%
NYSE: NIO	NIO Inc. – ADR	– 45.43%
NASDAQ: FCEL	FuelCell Energy Inc.	– 58.84%
NASDAQ: SIRI	Sirius XM Holdings Inc.	– 32.70%
AMEX: TELL	Tellurian Inc.	– 11.92%

You can see how the plan with small-cap stocks is rarely buy-and-hold…

Trading these speculative stocks should be approached with a clear strategy and an understanding of the risks involved. I have NO plans to trade these stocks unless they fit my preferred setups. This is only a watchlist.

The best traders watch more than they trade. That’s what I’m trying to model in this article. Pay attention to the work that goes in, not the picks that come out.

Sign up for my NO-COST weekly watchlist to get my latest picks!

Here’s what I’m watching now:

Reliance Global Group Inc. [NASDAQ: RELI]

Reliance Global Group, Inc. operates as a holding company with diversified interests in the insurance and real estate markets. The Company is focused on acquiring growing, cash flow positive insurance agencies. Within the real estate segment, the Company is involved in acquiring, owning, leasing, managing, and redeveloping multifamily residential properties throughout the U.S. for risk-adjusted returns.

GRIID Infrastructure Inc. [NASDAQ: GRDI]

Adit Edtech Acquisition Corp is a blank check company.

New York Community Bancorp Inc. [NYSE: NYCB]

New York Community Bancorp Inc is the bank holding company for New York Community Bank. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio, and AmTrust Bank in Florida and Arizona. The bank compete for depositors in the diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.

GraniteShares 2x Short NVDA Daily ETF [NASDAQ: NVD]

The investment seeks to provide long-term capital appreciation, primarily through exposure to commodity futures markets. The fund is an actively managed ETF that seeks to provide long-term capital appreciation, primarily through exposure to commodity futures markets. While the fund generally will seek exposure to the commodity futures markets included in the COMB Benchmark, it is not an index tracking ETF and will seek to enhance its performance, in part through a cash management strategy consisting of investments in investment grade fixed income securities. The fund is non-diversified.

Crown Electrokinetics Corp. [NASDAQ: CRKN]

Crown Electrokinetics Corp. focuses on commercializing electrokinetic technology for use in the smart glass market. The company offers electrokinetic film technology for smart or dynamic glass. It develops and sells optical switching films. The company was formerly known as 3D Nanocolor Corp. and changed its name to Crown ElectroKinetics Corp. in October 2017. Crown Electrokinetics Corp. was incorporated in 2015 and is based in Corvallis, Oregon.

Plug Power Inc. [NASDAQ: PLUG]

Plug Power is building an end-to-end green hydrogen ecosystem – from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets-including material handling, e-mobility, power generation, and industrial applications.

NIO Inc. – ADR [NYSE: NIO]

NIO Inc operates in China’s premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Its model includes EP9 supercar, ES8, ES6, and EC6 followed by ET7 and ET6 The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles.

FuelCell Energy Inc. [NASDAQ: FCEL]

FuelCell Energy Inc is a fuel-cell power company. FuelCell designs, manufactures, sells, installs, operates, and services fuel cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States, followed by South Korea.

Sirius XM Holdings Inc. [NASDAQ: SIRI]

SiriusXM Holdings is now composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm’s radios come preinstalled on a wide range of light vehicles in the U.S. and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service. Liberty Media owns 80% of SiriusXM, traded through its Liberty SiriusXM Group tracking stock.

Tellurian Inc. [AMEX: TELL]

Tellurian Inc is a US-based independent oil and gas exploration and production company. It is developing a portfolio of natural gas production, LNG marketing, and infrastructure assets that includes an LNG terminal facility and related pipelines. The company generates maximum revenue from Natural gas sales.

What Are the Criteria of Penny Stocks for Being ‘Most Active’?

The criteria for a penny stock to be considered ‘most active’ primarily revolve around trading volume and price movement. High trading volume indicates strong investor interest, which can be driven by various factors such as company news, earnings reports, or market speculation. Stocks with large price swings attract traders looking to capitalize on these movements.

Of course, it’s really important that you understand the underlying factors driving activity. Small-cap stocks with low prices often become active due to speculative interest or sudden market events. Monitoring market data and using stock screeners like I demonstrated above can help identify these active stocks early.

Liquidity is another important factor. Most active penny stocks typically have high liquidity, allowing traders to buy and sell shares without significantly affecting the stock price. High liquidity also means that you’ll have any easier time finding a buyer or seller on the other side of your trade. This is essential for executing trades efficiently and minimizing slippage, which isn’t always the case in penny stock land!

If you’re looking for high-volume penny stocks, hot sectors are your friend. Artificial Intelligence (AI) has become a huge catalyst in the market, and AI penny stocks have seen the biggest gains. These stocks belong to companies using AI technology in cybersecurity, healthcare, smart glasses, and plain-old penny stock pumps! If you’re looking for the most promising AI penny stocks — as well as the mega-cap AI stocks that have been making moves — check out my monthly AI penny stocks watchlist.

How to Find and Trade Active Penny Stocks

Finding and trading active penny stocks requires doing your research and making use of reliable tools. Traders need to use stock screeners to identify penny stocks with high trading volume and significant price movements. Platforms like StocksToTrade provide real-time data, while various finance sites publish articles and recommendations from analysts that can help pinpoint which stocks are worth watching. In my experience, having a well-curated watchlist and staying updated with Wall Street news (as well as knowing the pumps pushed on Twitter pages) are pivotal for spotting opportunities.

Trading active penny stocks involves a strategic approach to capitalize on volatility while managing risk. Using technical analysis tools to track price highs and momentum indicators can guide your trading decisions. It’s important to diversify your trades and set stop-loss orders to protect them. In my decade-plus of teaching, I’ve talked about the value of staying up to date on current information and sticking to well-thought-out trading strategies. Your first job is to protect your account.

High-risk penny stocks often have low market caps and can be influenced by news and market speculation. Reviewing analyst reports and staying updated with financial growth metrics like beta and dividend announcements can provide valuable insights. Always consult the disclaimer and terms on trading platforms and sites to understand the rights and responsibilities involved. Leveraging these resources and ideas can significantly enhance your ability to trade active penny stocks successfully.

One place you should be looking is the biotech industry, which is known for huge returns on positive study and trial news. They’re also known for diluting their stocks after these big gains, so you’ll need to do your research! To explore some of the top biotech stocks currently making waves in the market, check out my monthly watchlist of top biotech penny stocks.

Finding Active Penny Stocks

Finding active penny stocks involves using various tools and resources to track market data and trading volume. Stock screeners are particularly useful, allowing traders to filter stocks based on criteria such as price, volume, and recent price movements.

You know what is just as important? A watchlist. By maintaining a watchlist of potentially active penny stocks, you can quickly identify opportunities as they arise. Keeping an eye on news sources, earnings reports, and market calendars also helps in spotting stocks that might see increased activity.

Trading Active Penny Stocks

Trading active penny stocks requires a strategic approach. Due to their high volatility, it’s essential to have a clear plan for entry and exit points. Utilizing stop-loss orders can help manage risk by limiting potential losses. You’ll need to also have skills in technical analysis and knowledge of momentum indicators to know the best times to buy and sell.

Risk management is crucial when trading penny stocks. Since these stocks are low-priced and often speculative, it’s important to allocate only a small portion of your trading account to any single trade. Diversifying your trades across multiple stocks can also help mitigate risk and improve your chances of achieving consistent returns.

Risks of Trading Active Penny Stocks

The risks of trading active penny stocks cannot be overstated due to their volatile nature. These stocks can experience rapid price fluctuations, leading to potential gains but also substantial losses. Their low price and small market caps make them susceptible to manipulation and speculative trading, which can increase volatility.

If you’ve heard me speak on penny stocks, you know I often talk about countering these risks by using risk management strategies and a solid trading plan. High trading volume and activity can be appealing, but it’s essential to conduct thorough research and analysis before making trades. Utilizing tools like stock screeners and setting strict stop-loss orders can help protect your account.

Liquidity can also be a concern when trading penny stocks. While most active penny stocks typically have higher liquidity, there can still be periods of low trading volume, making it difficult to execute trades at the price you’re targeting. In the low-rent world of penny stocks, this can be the difference between a winning and losing trade.

Frequently Asked Questions

Is Daily Monitoring Necessary For Most Active Penny Stocks?

Yes, daily monitoring is essential for trading the most active penny stocks. Due to their high volatility and rapid price changes, keeping a close eye on these stocks can help you capitalize on short-term trading opportunities. Regular monitoring allows you to stay informed about market trends, news, and other factors that can influence stock prices.

It also helps you avoid the worst risks. I trust some of these stocks so little I won’t hold them overnight!

Do Most Active Penny Stocks Offer Quick Profits?

Most active penny stocks can offer quick profits due to their high volatility and significant price movements. However, these stocks also come with high risk, and prices can swing both ways. It’s important to approach trading penny stocks with a clear strategy and risk management plan to maximize gains while minimizing potential losses.

Do Most Active Penny Stocks Require Large Investments?

No, most active penny stocks do not require large investments due to their low share prices. You can start trading these stocks with a relatively small amount of capital. However, it’s crucial to manage your investments carefully, as the high-risk nature of penny stocks means you can lose a significant portion of your capital quickly if your trade doesn’t go as planned.