Best Penny Stocks Under 50 Cents Right Now

It can be difficult to find a deal in the stock market regardless of current market conditions. For the last decade, stocks have traded well above historical average P/E ratios. Fortunately there are still a handful of undervalued stocks in corners of the market that most investors ignore. These penny stocks all have a super-low share price of $0.50 or less and are sorted by average trading volume in dollars. These companies are considered the most actively-traded stocks priced under $0.50.

ImmunoPrecise Antibodies stock logo

1. ImmunoPrecise Antibodies NASDAQ:IPA

$0.50 -0.01 (-2.40%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.50 +0.00 (+0.44%)
As of 09:13 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

ImmunoPrecise Antibodies Ltd., together with its subsidiaries, operates as a biotherapeutic research and technology company in Canada and internationally. More about ImmunoPrecise Antibodies

Market Capitalization
$15.78 million
Consensus Rating
Buy
Consensus Price Target
$5.00 (+908.5% Upside)
Volume
765,891 shares
Average Volume
18.07 million shares
Today's Range
$0.48
$0.53
Nikola stock logo

2. Nikola NASDAQ:NKLA

$0.44 -0.31 (-41.12%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.46 +0.02 (+4.72%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. More about Nikola

Market Capitalization
$45.80 million
Consensus Rating
Hold
Consensus Price Target
$12.00 (+2,608.2% Upside)
Volume
52.28 million shares
Average Volume
14.65 million shares
Today's Range
$0.43
$0.55
AEON Biopharma stock logo

3. AEON Biopharma NASDAQ:AEON

$0.13 -0.01 (-6.93%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.13 0.00 (-0.23%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

AEON Biopharma, Inc, a clinical stage biopharmaceutical company, focuses on developing botulinum toxins. It develops ABP-450 (prabotulinumtoxinA) injection for debilitating medical conditions, which completed Phase 2 study for the treatment of cervical dystonia and has an ongoing Phase 2 study for the treatment of both chronic and episodic migraine, as well as develops ABP-450 for the treatment of gastroparesis and posttraumatic stress disorder. More about AEON Biopharma

Market Capitalization
$11.20 million
Consensus Rating
Buy
Consensus Price Target
$5.00 (+3,737.3% Upside)
Volume
3.67 million shares
Average Volume
41.40 million shares
Today's Range
$0.13
$0.14
Comstock stock logo

4. Comstock NYSE:LODE

$0.39 +0.03 (+8.73%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.40 +0.01 (+2.19%)
As of 09:18 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. More about Comstock

Market Capitalization
$91.09 million
P/E Ratio
-3.23
Consensus Rating
Hold
Consensus Price Target
$2.60 (+571.0% Upside)
Volume
6.87 million shares
Average Volume
9.04 million shares
Quoin Pharmaceuticals stock logo

5. Quoin Pharmaceuticals NASDAQ:QNRX

$0.31 -0.01 (-2.06%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.32 +0.00 (+1.15%)
As of 09:14 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Quoin Pharmaceuticals, Ltd., a clinical stage specialty pharmaceutical company, focuses on the development and commercialization of therapeutic products for rare and orphan diseases. More about Quoin Pharmaceuticals

Market Capitalization
$1.62 million
Consensus Rating
Buy
Consensus Price Target
$4.00 (+1,176.3% Upside)
Volume
835,935 shares
Average Volume
6.68 million shares
Today's Range
$0.30
$0.33
Gryphon Digital Mining stock logo

6. Gryphon Digital Mining NASDAQ:GRYP

$0.29 -0.01 (-3.72%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.29 +0.00 (+0.34%)
As of 09:14 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. More about Gryphon Digital Mining

Market Capitalization
$15.60 million
Consensus Rating
Hold
Volume
1.42 million shares
Average Volume
6.71 million shares
Today's Range
$0.28
$0.31
50-Day Range
$0.29
$0.70
Canoo stock logo

7. Canoo NASDAQ:GOEV

$0.34 -0.07 (-15.95%)
Closing price 01/28/2025
Extended Trading
$0.34 0.00 (0.00%)
As of 01/28/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. More about Canoo

Market Capitalization
$1.67 million
P/E Ratio
0.00
Consensus Rating
Hold
Consensus Price Target
$108.10 (+31,324.4% Upside)
Volume
6.24 million shares
Average Volume
4.97 million shares
iLearningEngines stock logo

8. iLearningEngines NASDAQ:AILE

$0.42 -0.29 (-40.59%)
As of 12/31/2024

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company's AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. More about iLearningEngines

Market Capitalization
$59.29 million
Consensus Rating
Buy
Consensus Price Target
$19.50 (+4,542.9% Upside)
Volume
12.54 million shares
Average Volume
3.78 million shares
Today's Range
$0.39
$0.68
Allakos stock logo

9. Allakos NASDAQ:ALLK

$0.27 -0.01 (-3.19%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.27 0.00 (0.00%)
As of 09:13 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Allakos Inc, a clinical stage biotechnology company, develops therapeutics that target immunomodulatory receptors present on immune effector cells in allergy, inflammatory, and proliferative diseases in the United States. More about Allakos

Market Capitalization
$24.92 million
Consensus Rating
Hold
Consensus Price Target
$2.00 (+640.7% Upside)
Volume
2.27 million shares
Average Volume
5.35 million shares
Today's Range
$0.27
$0.28
Workhorse Group stock logo

10. Workhorse Group NASDAQ:WKHS

$0.49 -0.03 (-6.54%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.50 +0.01 (+2.88%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. More about Workhorse Group

Market Capitalization
$21.31 million
Consensus Rating
Reduce
Consensus Price Target
$5.63 (+1,057.4% Upside)
Volume
1.36 million shares
Average Volume
2.74 million shares
Today's Range
$0.48
$0.52
CNS Pharmaceuticals stock logo

11. CNS Pharmaceuticals NASDAQ:CNSP

$0.09 +0.00 (+2.07%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.09 +0.00 (+0.64%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

CNS Pharmaceuticals, Inc, a clinical pharmaceutical company, engages in the development of anti-cancer drug candidates for the treatment of brain and central nervous system tumors. More about CNS Pharmaceuticals

Market Capitalization
$5.28 million
P/E Ratio
0.00
Consensus Rating
Strong Buy
Consensus Price Target
$0.50 (+433.6% Upside)
Volume
4.76 million shares
Average Volume
12.10 million shares
P3 Health Partners stock logo

12. P3 Health Partners NASDAQ:PIII

$0.20 -0.01 (-3.54%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.20 +0.00 (+1.02%)
As of 09:14 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. More about P3 Health Partners

Market Capitalization
$72.91 million
P/E Ratio
-0.23
Consensus Rating
Moderate Buy
Consensus Price Target
$2.38 (+1,111.7% Upside)
Volume
287,566 shares
Average Volume
5.56 million shares
Gold Resource stock logo

13. Gold Resource NYSE:GORO

$0.35 +0.05 (+15.73%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.36 +0.01 (+1.91%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. More about Gold Resource

Market Capitalization
$33.39 million
P/E Ratio
-0.71
Consensus Rating
Buy
Consensus Price Target
$1.75 (+399.6% Upside)
Volume
2.72 million shares
Average Volume
3.03 million shares
Windtree Therapeutics stock logo

14. Windtree Therapeutics NASDAQ:WINT

$0.12 0.00 (-1.80%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.12 0.00 (-3.33%)
As of 09:18 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Windtree Therapeutics, Inc, a biotechnology company, focuses on the development of therapeutics for the treatment of acute cardiovascular diseases. More about Windtree Therapeutics

Market Capitalization
$1.35 million
Consensus Rating
Hold
Consensus Price Target
$7.00 (+5,733.3% Upside)
Volume
2.85 million shares
Average Volume
6.89 million shares
Today's Range
$0.12
$0.12
Cellectar Biosciences stock logo

15. Cellectar Biosciences NASDAQ:CLRB

$0.30 +0.02 (+8.66%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.32 +0.02 (+6.37%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Cellectar Biosciences, Inc, a clinical biopharmaceutical company, focuses on the discovery, development, and commercialization of drugs for the treatment of cancer. More about Cellectar Biosciences

Market Capitalization
$12.72 million
P/E Ratio
-0.17
Consensus Rating
Moderate Buy
Consensus Price Target
$17.67 (+5,790.9% Upside)
Volume
2.62 million shares
Average Volume
2.42 million shares
Asensus Surgical stock logo

16. Asensus Surgical NYSEAMERICAN:ASXC

$0.35 0.00 (0.00%)
As of 08/22/2024

Asensus Surgical, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery (MIS) in the United States, Europe, the Middle East, Africa, and Asia. More about Asensus Surgical

Market Capitalization
$94.74 million
P/E Ratio
-1.12
Consensus Rating
Hold
Consensus Price Target
$0.35 (+0.6% Upside)
Average Volume
2.03 million shares
Today's Range
$0.35
$0.35
TruGolf stock logo

17. TruGolf NASDAQ:TRUG

$0.42 0.00 (-0.26%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.42 +0.01 (+1.19%)
As of 08:46 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. More about TruGolf

Market Capitalization
$5.01 million
Consensus Rating
Buy
Consensus Price Target
$2.00 (+376.2% Upside)
Volume
846,382 shares
Average Volume
1.52 million shares
Today's Range
$0.39
$0.42
Energous stock logo

18. Energous NASDAQ:WATT

$0.40 -0.03 (-5.88%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.42 +0.02 (+4.25%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices. More about Energous

Market Capitalization
$4.30 million
P/E Ratio
-0.13
Consensus Rating
Buy
Consensus Price Target
$2.25 (+462.5% Upside)
Volume
923,370 shares
Average Volume
1.57 million shares
Inuvo stock logo

19. Inuvo NYSE:INUV

$0.49 -0.01 (-1.31%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.49 +0.00 (+0.61%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Inuvo, Inc engages in the advertising technology and services business primarily in the United States. It sells information technology solutions to brands, agencies, and large consolidators of advertising demand (platforms). More about Inuvo

Market Capitalization
$69.76 million
P/E Ratio
-8.17
Consensus Rating
Strong Buy
Consensus Price Target
$1.00 (+104.1% Upside)
Volume
461,311 shares
Average Volume
1.21 million shares
BioXcel Therapeutics stock logo

20. BioXcel Therapeutics NASDAQ:BTAI

$0.16 -0.02 (-11.58%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$2.67 +2.51 (+1,518.18%)
As of 09:18 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

BioXcel Therapeutics, Inc, a commercial-stage biopharmaceutical company, engages in utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology. More about BioXcel Therapeutics

Market Capitalization
$9.26 million
P/E Ratio
-0.08
Consensus Rating
Hold
Consensus Price Target
$37.00 (+22,324.2% Upside)
Volume
4.53 million shares
Average Volume
3.34 million shares
Relmada Therapeutics stock logo

21. Relmada Therapeutics NASDAQ:RLMD

$0.31 -0.03 (-9.62%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.30 -0.01 (-3.59%)
As of 09:18 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Relmada Therapeutics, Inc, a clinical-stage biotechnology company, focuses on developing various products for the treatment of central nervous system diseases (CNS) and other disorders in the United States. More about Relmada Therapeutics

Market Capitalization
$10.32 million
Consensus Rating
Hold
Consensus Price Target
$4.25 (+1,275.0% Upside)
Volume
2.92 million shares
Average Volume
1.70 million shares
Today's Range
$0.29
$0.34
Splash Beverage Group stock logo

22. Splash Beverage Group NYSEAMERICAN:SBEV

$0.19 +0.00 (+0.41%)
Closing price 02/7/2025 04:10 PM Eastern
Extended Trading
$0.19 0.00 (-1.49%)
As of 09:17 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. More about Splash Beverage Group

Market Capitalization
$11.98 million
Consensus Rating
Buy
Consensus Price Target
$0.75 (+284.8% Upside)
Volume
1.10 million shares
Average Volume
2.64 million shares
Today's Range
$0.19
$0.20
Scilex stock logo

23. Scilex NASDAQ:SCLX

$0.37 +0.00 (+0.63%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.37 +0.00 (+1.17%)
As of 09:18 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Scilex Holding Company focuses on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain. More about Scilex

Market Capitalization
$89.15 million
Consensus Rating
Buy
Consensus Price Target
$14.00 (+3,697.1% Upside)
Volume
1.78 million shares
Average Volume
1.33 million shares
Today's Range
$0.36
$0.39
Zomedica stock logo

24. Zomedica NYSEAMERICAN:ZOM

$0.12 +0.00 (+0.17%)
Closing price 02/7/2025 04:10 PM Eastern
Extended Trading
$0.12 +0.00 (+0.17%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Zomedica Corp., a veterinary health company, focuses on the unmet needs of clinical veterinarians by developing products for companion animals. More about Zomedica

Market Capitalization
$118.18 million
P/E Ratio
-2.01
Consensus Rating
Strong Buy
Volume
2.04 million shares
Average Volume
3.54 million shares
Today's Range
$0.12
$0.12
Beyond Air stock logo

25. Beyond Air NASDAQ:XAIR

$0.42 +0.02 (+3.85%)
Closing price 02/7/2025 04:00 PM Eastern
Extended Trading
$0.44 +0.02 (+4.72%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Beyond Air, Inc operates as a commercial-stage medical device and biopharmaceutical company in the United States. The company engages in the development of LungFit platform, a nitric oxide generator and delivery system. More about Beyond Air

Market Capitalization
$30.41 million
Consensus Rating
Buy
Consensus Price Target
$3.67 (+782.7% Upside)
Volume
1.32 million shares
Average Volume
1.03 million shares
Today's Range
$0.40
$0.44