Last Friday (April 26), the S&P 500 and Nasdaq reached all-time highs after a strong round of earnings reports. But for investors who feel like they missed out on this historic run, there's still a way to get in on the ground floor…
That's why we're bringing you the top penny stocks to buy this week.
You see, penny stocks are a great opportunity to chase significant gains for little up-front investment.
However, with over 2,800 stocks trading on the NYSE and Nasdaq for under $5, it's difficult to identify which penny stocks are going to deliver triple-digit returns.
In order to find the next penny stock with breakout potential, we're looking at last week's top-performing penny stocks to help us identify hot investment trends.
After looking at last week's top penny stocks, we'll show you the next penny stock that's on the verge of breaking out.
|Penny Stock||Current Share Price||Last Week's Gain|
|Yuma Energy Inc. (NYSE: YUMA)||$0.39||120.89%|
|Regional Health Properties Inc. (NYSE: RHE)||$2.30||111.01%|
|Quorum Health Corp. (NYSE: QHC)||$1.74||65.71%|
|Workhorse Group Inc. (NASDAQ: WKHS)||$0.87||55.34%|
|Nordic American Offshore Ltd. (NYSE: NAO)||$4.70||53.59%|
|Alliqua Biomedical Inc. (NASDAQ: ALQA)||$2.49||49.10%|
|Pier 1 Imports Inc. (NYSE: PIR)||$0.70||45.06%|
|Determine Inc. (OTCMKTS: DTRM)||$0.15||45.06%|
|AraTana Therapeutics Inc. (NASDAQ: PETX)||$4.79||39.09%|
|FTD Companies Inc. (NASDAQ: FTD)||$0.56||36.86%|
As we can see, most of last week's top-gaining penny stocks were listed on major market exchanges. That means you don't have to chase these kinds of gains on risky pink sheets or over-the-counter exchanges.
And that's why we're so excited about our top penny stock to buy this week.
It's an international semiconductor company that's cashing in on the growing demand thanks to tech breakthroughs like 5G. (In fact, 5G is creating a tenfold profit opportunity of its own…)
And this penny stock is only trading for $2.18 a share…