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US Penny Stocks To Watch In December 2024
As the U.S. stock market heads into the Christmas break, optimism is in the air with major indices like the Nasdaq Composite and S&P 500 posting gains, sparking hopes for a Santa Claus rally to close out 2024. Penny stocks may be considered a throwback term, yet they continue to offer intriguing opportunities for those looking beyond well-known names. Often representing smaller or newer companies, these stocks can provide growth potential at lower price points when supported by strong financial fundamentals.
Click here to see the full list of 742 stocks from our US Penny Stocks screener.
We’ll examine a selection from our screener results.
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Atea Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing antiviral therapeutics for viral infections, with a market cap of $269.44 million.
Operations: Atea Pharmaceuticals, Inc. has not reported any revenue segments.
Market Cap: $269.44M
Atea Pharmaceuticals, Inc., with a market cap of US$269.44 million, is a pre-revenue clinical-stage biopharmaceutical company. Its recent Phase 2 study for hepatitis C treatment showed promising results, achieving high efficacy and safety benchmarks. Despite being unprofitable and having increased losses over the past five years, Atea remains debt-free with sufficient cash runway for more than three years based on current free cash flow trends. Analysts suggest potential stock price appreciation; however, significant insider selling has occurred recently. The company is preparing for its Phase 3 program following successful regulatory discussions anticipated in early 2025.
NasdaqGS:AVIR Financial Position Analysis as at Dec 2024
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: InflaRx N.V. is a clinical-stage biopharmaceutical company focused on discovering and developing C5a inhibitor technology in Germany and the United States, with a market cap of $131.90 million.
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Operations: The company’s revenue is primarily derived from its Pharmaceuticals segment, totaling €0.17 million.
Market Cap: $131.9M
InflaRx N.V., with a market cap of $131.90 million, is a pre-revenue biopharmaceutical company engaged in the development of C5a inhibitor technology. The company recently dosed its first patient in a Phase 2a study for chronic spontaneous urticaria and hidradenitis suppurativa, with data expected by summer 2025. Despite positive developments like the European Medicines Agency’s recommendation for GOHIBIC’s marketing authorization, InflaRx faces challenges such as high volatility and limited cash runway under one year. While debt-free and having reduced losses over five years, it remains unprofitable without near-term profitability forecasts.
NasdaqGS:IFRX Financial Position Analysis as at Dec 2024
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Zedge, Inc. develops digital marketplaces and competitive games focused on self-expression content, with a market cap of $33.38 million.
Operations: The company generates revenue through two primary segments: Zedge Marketplace, contributing $27.03 million, and Gurushots, which adds $3.18 million.
Market Cap: $33.38M
Zedge, Inc., with a market cap of US$33.38 million, operates in the digital marketplaces sector and is currently unprofitable. The company reported first-quarter sales of US$7.19 million, slightly up from last year, but net losses widened to US$0.339 million from US$0.015 million. Despite these challenges, Zedge maintains a strong cash runway for over three years due to positive free cash flow growth and remains debt-free with short-term assets exceeding liabilities significantly. Recent enhancements to its Marketplace aim to increase user engagement by allowing direct purchases on its website, potentially boosting revenue streams moving forward.
NYSEAM:ZDGE Financial Position Analysis as at Dec 2024
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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 NasdaqGS:AVIR NasdaqGS:IFRX and NYSEAM:ZDGE.
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