10 Best Penny Stocks to Watch This Week (April 23)

Penny stocks are a great opportunity for investors who want triple-digit return potential without paying more than $5 a share. To help you find these potentially lucrative stocks, we're looking at the 10 best penny stocks to watch this week, including a 174%-gainer.

Plus, we're giving you another stock under $5 with serious future profit potential, and you won't want to miss it...

This week's top-performing penny stock was vTv Therapeutics Inc. (Nasdaq: VTVT). After dropping 65% on news that a clinical trial of the company's Alzheimer's medication failed, vTv's stock soared over 174%, closing last week at $2.08.

Best penny stocks

The reasons for vTv's sudden resurgence are not clear. However, it's possible that investors swooped in following the stock's steep decline in an effort to buy shares at a "discount," driving the price dramatically higher.

While a 174% gain is exciting, it's highly unlikely that vTv has a repeat performance this week. After looking at the 10 top penny stocks to watch this week, we'll take a close look at the best small-cap stock to keep an eye on for strong future gains...

Penny Stock Current Share Price Law Week's Gain
vTv Therapeutics Inc. (Nasdaq: VTVT) $2.00 174.34%
EyeGate Pharmaceuticals Inc. (Nasdaq: EYEG) $0.57 51.55%
Triangle Petroleum Corp. (OTCMKTS: TPLM) $0.37 50.61%
Eleven Biotherapeutics Inc. (Nasdaq: EBIO) $5.62 37.41%
ChinaNet Online Holdings Inc.

(Nasdaq: CNET)

$2.95 34.76%
Seadrill Ltd. (NYSE: SDRL) $0.28 33.81%
Intelsat Corp. (NYSE: I) $9.11 31.50%
Navios Maritime Midstream Partners LP (NYE: NAP) $4.42 29.18%
Limelight Networks Inc. (Nasdaq: LLNW) $4.89 28.61%
Enphase Energy Inc. (Nasdaq: ENPH) $5.05 24.62%

As you can see in the table above, penny stocks have the potential to provide tremendous returns for enterprising investors. However, it's important to note that investing in penny stocks is also incredibly risky.

While there are a few penny stocks that have the potential for significant growth, many of them are highly speculative investments that are unlikely to provide any returns.

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In order to avoid these pitfalls, check our five rules for safely investing in penny stocks, on the right.

Rules for Safely Trading Penny Stocks

  • No more than 2% of your overall stock portfolio should consist of penny stocks.
  • Avoid stocks with average daily trading volume of less than 500,000 shares.
  • Avoid penny stocks being aggressively promoted on public discussion forums or websites not focused on investing.

Here are the top three warning signs of a shell company scam, according to the SEC and FINRA…

  • If a company has been dormant for many years and then brought back to life.
  • If a company has changed its name and, especially, business focus multiple times.
  • Check for massive reverse stock splits like 1-for-20,000 or 1-for-50,000.

In addition to following these rules, our team uses the Money Morning Stock VQScore™ to identify stocks that have real growth potential.

Developed from our proprietary valuation system, the VQScore identifies undervalued stocks with the highest profit potential by using a blended analysis of a company's earnings potential, growth rate, earnings-per-share acceleration, and market volume.

The VQScore system runs on a scale of 1 to 4, with 4 indicating a stock with strong growth potential.

Our stock to watch this week has a VQScore of 4, indicating that it has strong underlying value and a high chance of providing significant gains for investors.

In fact, some Wall Street analysts are projecting this stock could soar by nearly 400% over the next year...[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

Partner Communications Is Our Top Stock to Watch This Week

Partner Communications Co. Ltd. (Nasdaq: PTNR) is an Israeli-based mobile network operator and Internet and telephone provider. Founded in 1999, Partner was formerly operating under the umbrella of the French telecommunications company "Orange" until 2016.

Partner is in the midst of an aggressive expansion effort that's yielding significant gains. In 2017, the company added 79,000 mobile subscribers and 29,000 Internet customers. These customer gains were more than double the previous year and resulted in a 2% increase in the company's annual profit.

In large part, these numbers are the result of lucrative media distribution deals the company has struck over the last few years. In 2016, Partner made a deal with Netflix Inc. (Nasdaq: NFLX) to offer a free subscription to Netflix through its service.

In December of 2017, the company announced a similar partnership with Apple Inc. (Nasdaq: AAPL) to include Apple Music in its subscription packages.

Partner has also expanded the company's telecomm abilities, bringing fiber optic service to tens of thousands of households in Israel and introducing a television subscription service in July of last year.

Even after this robust period of expansion, the company shows no signs of slowing down. Last week, Partner announced another collaboration, this time with Amazon.com Inc. (Nasdaq: AMZN). Through the deal, Partner subscribers will now receive access to Amazon Prime Video content - an offering that is likely to have similar impact on subscriber numbers as previous partnerships have.

And Wall Street analysts agree - they've put a high price target of $22.00 on Partner. That's a 393% increase over today's price of $4.46.

While Partner has the potential to provide tremendous gains, we're looking at another profit opportunity that could provide even stronger returns.

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