Penny stocks with potential can be hard to find. Especially if you’re trying to make a large profit. Which, if you’re an investor, is a given. And there are so many penny stocks to choose from. And with each company comes its own myriad of details an investor needs to pay attention to. Because of this, it is vital for any investor to investigate each detail and weigh the options. That means due diligence must be completed properly.

If you don’t know how to complete due diligence, there are plenty of articles to help you out. It’s important to note that experts can still learn a lot from going back to the basics. Further, if you’re a very successful investor, it can pay off to pretend you’re new. Moreover, it can pay off in dollars and cents (sense).

As a reminder, penny stocks are very volatile. It is more important than ever to do your homework on these. I like to go long term on penny stocks because it takes the emotion out of the investment. For instance, you’re able to easily sit back and understand that the less you touch it, the better it will do. And the more money you’ll make. However, it’s most important to do what you are most comfortable with.

Now, let’s get into some of the best penny stocks with potential.

Penny Stocks with Potential

• Beasley Broadcast Group Inc. (Nasdaq: BBGI)
• Foresight Autonomous Holdings (Nasdaq: FRSX)
• Sundial Growers Inc. (Nasdaq: SNDL)
• CohBar Inc. (Nasdaq: CWBR)
• Surgalign Holdings Inc. (Nasdaq: SRGA)

Best Penny Stocks with Potential

No. 5 Beasley Broadcast Group Inc.

With a market cap of $56 million, this penny stock with potential is still a baby. However, that can mean big rewards for investors. Beasley is a company that owns a large portfolio of radio stations all over the United States. And, even better, 40% of those stations are in high population areas. And more ears mean more revenue for Beasley.

In addition, Beasley is even dabbling in the esports sector. Which is becoming more and more popular. Especially with the introduction of the metaverse and blockchain.

No. 4 Foresight Autonomous

Foresight is a penny stock with potential that offers sensors for autonomous vehicles. Itsnsensors are made to see obstacles in any condition. For example, this includes rain, sun glare and even in the dark.

More cars are being integrated with auto features. It seems car companies are trying out different things in cars. For example, the ability to stay in one lane, or self-park. It’s only a matter of time before many cars and trucks are offered with self-driving features.

No. 3 Sundial Growers

One market that naturally has taken off in the past few years is the weed industry. Sundial is no different. It aims to offer products for recreational smokers. And it offers a wide variety, too.

In addition Sundial has a great handle on marketing, and it knows its brand’s place in the market. With a market cap of over $1 billion, this penny stock with potential has become a unicorn. And the company is only about 15 years old.

No. 2 CohBar

The mitochondria are often referred to as “the powerhouse of the cell.” That’s because they’re responsible for the energy production within each cell. And, these even have their own small amount of DNA.

CohBar focuses on using this fact. And, it plans to use it to treat various diseases that are chronic and age-related. Though still in its clinical stage, this penny stock has plenty of room to grow. And in addition, market cap comes in under $30 million.

Top Penny Stocks With Potential No. 1 Surgalign

One of the most vulnerable parts of the body is the spine. And when it comes to doing surgery on the spine, surgeons will use all the help they can get. Any tiny mistake could mean the difference between life and death for the patient.

So, when someone offers an AI guidance system for such a sensitive procedure? Surgeons are likely to jump at this offer. Surgalign’s product is the world’s first in this area. And recently, this penny stock with potential has received FDA clearance.