The best penny stocks under $4 to buy today depend on today’s chart. The fact is, 99.9% of these cheap stocks will eventually be worth less than they are right now. That’s why I tell my students to build a watchlist every day.
The best traders watch more stocks than they trade. That’s essential for getting to know the charts of these stocks — these charts will give you valuable info about their future moves. If you study the patterns these stocks follow, you can find opportunities for the kind of small gains that can grow a small account fast.
Today I’ll show you how to build a watchlist for stocks under $4. Read on for the results!
Table of Contents
- 1 Best Penny Stocks Under $4 to Buy in October 2024
- 2 What Are the Best Penny Stocks to Buy Under $4 in October 2024?
- 3 Which Is the Cheapest High-Potential Stock to Buy Right Now?
- 4 What Are the Penny Stocks Under $4 with the Highest Potential?
- 4.1 Penny Stocks Under $4 FAQs
- 4.2 Where can one find the list of companies’ penny stocks under $4?
- 4.3 What are high-volume penny stocks under $4?
- 4.4 What are some great penny stocks under $4 for selling calls and puts?
- 4.5 What is Tim Sykes’ favorite stock under $4?
- 4.6 What are the best stocks to buy under $4 that pay dividends?
Best Penny Stocks Under $4 to Buy in October 2024
The best penny stocks under $4 in October 2024 are:
- Telos Corporation [NASDAQ: TLS]
- Cerence Inc. [NASDAQ: CRNC]
- Asset Entities Inc. [NASDAQ: ASST]
- GraniteShares 2x Short NVDA Daily ETF [NASDAQ: NVD]
- Applied DNA Sciences Inc. [NASDAQ: APDN]
This is a watchlist — not a “buy list.”
I’m sharing this so you can see my process. If you want to see more NO-COST watchlists, you can sign up for my weekly watchlist here.
What Are the Best Penny Stocks to Buy Under $4 in October 2024?
To find the best penny stocks to buy under $4 in October 2024 requires a top-level stock screener. I use the one in StocksToTrade — I helped design it, so it has all the tools and customizations I look for to create my penny stock watchlists.
Try StocksToTrade for 14 days and see how it helps your watchlist skills — only $7!
To find watch-worthy penny stocks under $4, I input the following criteria:
- Last Price ≤ $4
- Last Price ≥ $1
- Volume ≥ 100,000
When I run this screen in October 2024 and sort by percent change, it gives me the following top results:
Read on for the best penny stocks that I’m watching today!
Telos Corporation [NASDAQ: TLS]
Telos Corp offers technologically advanced, software-based security solutions that empower and protect the world’s security- conscious organizations against rapidly evolving, sophisticated and pervasive threats. Its portfolio of security products, services and expertise empower customers with capabilities to reach new markets, serve their stakeholders more effectively, and successfully defend the nation or their enterprise. The company’s customer base consists of the U.S. federal government, large commercial businesses, state and local governments, as well as international customers. It derives a substantial portion of revenues from contracts and subcontracts with the U.S. Government.
Cerence Inc. [NASDAQ: CRNC]
Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all major automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company’s revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, Middle East and Africa; Japan and Other Asia- Pacific.
Asset Entities Inc. [NASDAQ: ASST]
Asset Entities Inc., a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It also designs, develops, and manages servers for communities on Discord. The company was founded in 2020 and is based in Dallas, Texas. Asset Entities Inc. is a subsidiary of Asset Entities Holdings, LLC.
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.
Applied DNA Sciences Inc. [NASDAQ: APDN]
Applied DNA Sciences Inc is a provider of DNA-based supply chain, anti-counterfeiting, and anti-theft technology. The company provides its products and services under the brand of SigNature DNA, SigNature T DNA, fiber Typing, DNAnet, digitalDNA, SigNify and Beacon. It serves clients in various industries including government/military, security and asset marking, industrial parts, pharmaceuticals, textiles and apparel, and printing and packaging. The company has operational footprints across the United States, Europe, Asia, and others. Key revenue is derived from Americas.
Which Is the Cheapest High-Potential Stock to Buy Right Now?
To find the cheapest high-potential stocks, you have to study their charts.
Take a look at the 1-year chart for Clean Vision Corp. [OTCPK: CLNV]:
See how many 100% spikes this stock had in the past year? Each one of these spikes was a trading opportunity — that’s the way I’ve made over $8,000 in total earnings trading this stock (click the link to see my individual trades).
However, that’s not a recommendation to “buy” this stock. See how it drops after every spike?
It follows my 7-step pennystocking framework perfectly. This is the chart you have to commit to memory:
Remember this chart well, its the basis for my 7-step framework, @30DayBoot & @completepenny & you must study not to fall prey to greed/ignorance or you'll get wrecked like 90% of traders. It's VITAL to sell into excessive strength/hype, do not just hold & hope like most newbies pic.twitter.com/QsAGHsI6lp
— Timothy Sykes (@timothysykes) February 28, 2021
What Are the Penny Stocks Under $4 with the Highest Potential?
Look up at the charts of the stocks above. Do you see any spikes in their long-term chart?
That’s a good sign.
History doesn’t repeat, it rhymes. And that’s a good thing for former runners…
https://t.co/gIIuF22exF Former runners can run again, never forget!
— Timothy Sykes (@timothysykes) December 7, 2020
Penny Stocks Under $4 FAQs
Just because a stock trades for under $4 doesn’t make it cheap. Read on for some more questions you might be asking…
Where can one find the list of companies’ penny stocks under $4?
Get a powerful stock screener like the one in StocksToTrade, and start building parameters. When I’m looking for tradable penny stocks under $4, I want their volume to be great enough for the stock to be liquid. This way I can enter and exit a position more easily.
What are high-volume penny stocks under $4?
A penny stock under $4 needs high volume for me to trade it. When I’m building my stock scan, I’ll typically look for stocks that have traded over 1 million shares so far that day.
The scanner I’m using in this article is set to look for penny stocks that have traded more than 100,000 shares. This will help you identify watch-worthy stocks — even if you’re looking in pre-market.
What are some great penny stocks under $4 for selling calls and puts?
Options are only offered on certain stocks. Many stocks under $3 won’t qualify.
What is Tim Sykes’ favorite stock under $4?
I don’t have a “favorite” stock under $4 — I think penny stocks are bad investments, and I don’t trust them at all. Trading scared has helped me make some profitable trades. One ticker that is ALWAYS on watch is Ozop Energy Solutions Inc. (OTCPK: OZSC) — I’ve made $45k over the years trading this penny stock (click the link for my individual trades).
What are the best stocks to buy under $4 that pay dividends?
Stocks that trade under $4 don’t usually pay dividends. Stocks that cost this little generally don’t have much going for them.