US Penny Stocks To Consider In December 2024

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As of December 2024, the U.S. stock market is experiencing significant volatility, with major indices like the Dow Jones Industrial Average and S&P 500 facing substantial declines amid concerns over interest rate policies. In this uncertain climate, investors often turn to alternative opportunities such as penny stocks—an investment area that remains relevant despite its somewhat outdated name. These typically smaller or newer companies can offer growth potential at lower price points when backed by strong financials and fundamentals, presenting a unique chance for investors to uncover hidden value in quality stocks.

Name

Share Price

Market Cap

Financial Health Rating

Inter & Co (NasdaqGS:INTR)

$3.95

$1.93B

★★★★☆☆

BAB (OTCPK:BABB)

$0.905

$6.59M

★★★★★★

QuantaSing Group (NasdaqGM:QSG)

$3.08

$108.87M

★★★★★★

Imperial Petroleum (NasdaqCM:IMPP)

$2.78

$87.36M

★★★★★★

ZTEST Electronics (OTCPK:ZTST.F)

$0.21

$8.8M

★★★★★★

Permianville Royalty Trust (NYSE:PVL)

$1.445

$47.52M

★★★★★★

Golden Growers Cooperative (OTCPK:GGRO.U)

$4.50

$67.38M

★★★★★★

Smith Micro Software (NasdaqCM:SMSI)

$0.9632

$17.69M

★★★★★☆

CBAK Energy Technology (NasdaqCM:CBAT)

$0.80

$77.26M

★★★★★☆

Safe Bulkers (NYSE:SB)

$3.58

$381.2M

★★★★☆☆

Click here to see the full list of 739 stocks from our US Penny Stocks screener.

Let’s dive into some prime choices out of the screener.

Simply Wall St Financial Health Rating: ★★★★★★

Overview: CBL International Limited is a marine fuel logistics company offering vessel refueling solutions across Malaysia, Hong Kong, China, South Korea, Singapore, and internationally with a market cap of $24.75 million.

Operations: The company’s revenue is primarily derived from its sales and distribution of marine fuel, amounting to $521.17 million.

Market Cap: $24.75M

CBL International Limited, with a market cap of US$24.75 million, operates in the marine fuel logistics sector and has generated US$521.17 million in revenue from its operations across Asia. Despite being debt-free and having short-term assets of US$67.1 million that exceed both short-term and long-term liabilities, the company remains unprofitable with increasing losses over five years at a rate of 55.3% annually. Recent shelf registration filings raised capital through common stock offerings, which led to shareholder dilution by 10%. The company’s share price has been highly volatile recently, reflecting ongoing uncertainties.

NasdaqCM:BANL Financial Position Analysis as at Dec 2024

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: TOMI Environmental Solutions, Inc. is a company specializing in bacteria decontamination and infectious disease control, offering environmental solutions for indoor air and surface disinfection both in the United States and internationally, with a market cap of $14.37 million.

Operations: The company generates revenue primarily from its Research Services segment, which totaled $8.20 million.

Market Cap: $14.37M

TOMI Environmental Solutions, with a market cap of US$14.37 million, focuses on decontamination and infectious disease control. The company has improved its financial position by reducing its debt to equity ratio from 349.4% to 31.9% over five years and maintaining short-term assets of US$9.1 million that cover both short-term and long-term liabilities. Despite being unprofitable, TOMI’s revenue is forecasted to grow by 35.03% annually, driven by strategic partnerships like the recent expansion with Betatek in Canada and contracts such as the one with Malaysia’s National Institute of Forensic Medicine for their SteraMist technology deployment.

NasdaqCM:TOMZ Debt to Equity History and Analysis as at Dec 2024

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Great Elm Group, Inc. is an asset management company specializing in credit, real estate, specialty finance, and other alternative strategies with a market cap of $53.54 million.

Operations: The company generates revenue of $18.52 million from its investment management segment.

Market Cap: $53.54M

Great Elm Group, Inc., with a market cap of US$53.54 million, has demonstrated financial resilience through strategic asset management. The company reported Q1 2025 sales of US$3.99 million, an increase from the previous year, and maintains a robust cash position exceeding its total debt. Despite being unprofitable with a negative return on equity, Great Elm has reduced its debt-to-equity ratio significantly over five years and possesses sufficient cash runway for over three years based on current free cash flow. Recent buyback activities have increased shareholder value by repurchasing 17.48% of shares for US$9.61 million since November 2023.

NasdaqGS:GEG Financial Position Analysis as at Dec 2024

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqCM:BANL NasdaqCM:TOMZ and NasdaqGS:GEG.

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