One of the Best Penny Stocks to Buy in December 2019

When the Dow Jones Industrial Average hit a record 28,000 points this year, it sent Senmiao Technology Ltd. (NASDAQ: AIHS) soaring 268%. This is not unusual for penny stocks.

And since the Dow has shown no signs of slowing down, we're going to show you one of the best penny stocks to buy this month.

The DJIA has hit records 11 times this year. And penny stocks can return high percentage gains when the broader market does well. Their low share price makes this possible.

The U.S. Securities and Exchange Commission defines penny stocks as stocks trading for $5 or less.

To find the penny stocks most likely to break out, we use the Money Morning Stock VQScore™ system. It uses a proprietary algorithm to analyze the financials of thousands of stocks, then determines the ones with the most breakout potential.

These are ranked from 0 to 4.9, with 4.9 being the most likely to skyrocket in price.

Stocks scoring 4 or more are in the "Buy Zone." We screen the Buy Zone for those selling for less than $5 to get our top penny stocks to buy.

One of the best penny stocks to buy in December 2019 has an almost perfect score at 4.8. Here it is...

One of the Top Penny Stocks to Buy Now

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On Deck Capital Inc. (NYSE: ONDK) is an online lending company that focuses on small businesses globally.

As the DJIA climbs higher, it's likely businesses will want to borrow more to invest in their growth. Greater liquidity in the market means more business for On Deck - this will boost its bottom line.

On Deck's Australia branch increased its portfolio over 80% in 2018 per the most recent annual report. But it's not finished growing. This company has offices nationwide in the United States, Australia, and Canada. But its services reach small businesses around the world.

On Deck has partnered with some of the world's biggest financial firms. In mid-2016, for example, it formed a partnership with JPMorgan Chase & Co. (NYSE: JPM) to offer JPM's small business client base a platform for online lending.

On Deck Capital enjoys a referral relationship some of the United States' biggest firms for its lending services, including Quickbooks, CreditKarma, and Wave Accounting.

On Deck's balanced exposure to the small business and personal finance sectors has paid off handsomely for both the company and its shareholders. While it became profitable just last year, it's increased profits by 18% in the past 12 months.

Analysts believe that the share price will climb to $6 from the current $4.23 per share price - an impressive 41% rise, fueled by its worldwide footprint and growing exposure.

But given the almost perfect 4.8 VQScore, that share price forecast could even be conservative.

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