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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.

Tilray stock logo

1. Tilray NASDAQ:TLRY

$0.49 0.00 (-0.96%)
As of 04:00 PM Eastern

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. More about Tilray

Market Capitalization
$488.25 million
P/E Ratio
-1.62
Consensus Rating
Hold
Consensus Price Target
$1.92 (+295.1% Upside)
Volume
27.48 million shares
Average Volume
29.51 million shares
Sunnova Energy International stock logo

2. Sunnova Energy International NYSE:NOVA

$0.19 -0.04 (-17.65%)
As of 03:59 PM Eastern

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services. More about Sunnova Energy International

Market Capitalization
$23.23 million
P/E Ratio
-0.06
Consensus Rating
Hold
Consensus Price Target
$4.93 (+2,555.8% Upside)
Volume
7.41 million shares
Average Volume
11.10 million shares
GlycoMimetics stock logo

3. GlycoMimetics NASDAQ:GLYC

$0.25 +0.02 (+6.48%)
As of 04:00 PM Eastern

GlycoMimetics, Inc, a biotechnology company, focuses on the discovery and development of therapies for cancers and inflammatory diseases in the United States. More about GlycoMimetics

Market Capitalization
$16.23 million
P/E Ratio
-0.43
Consensus Rating
Hold
Volume
363,952 shares
Average Volume
6.72 million shares
Today's Range
$0.24
$0.27
Nikola stock logo

4. Nikola NASDAQ:NKLA

$0.18 -0.07 (-28.74%)
Closing price 02/25/2025
Extended Trading
$0.18 0.00 (0.00%)
As of 02/25/2025 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.

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
$11.14 million
P/E Ratio
-0.01
Consensus Rating
Hold
Consensus Price Target
$12.00 (+6,457.4% Upside)
Volume
36.66 million shares
Average Volume
8.73 million shares
EON Resources stock logo

5. EON Resources NYSEAMERICAN:EONR

$0.42 0.00 (-0.35%)
As of 04:10 PM Eastern

EON Resources Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. More about EON Resources

Consensus Rating
Buy
Consensus Price Target
$4.50 (+962.3% Upside)
Volume
260,392 shares
Average Volume
3.77 million shares
Today's Range
$0.40
$0.42
50-Day Range
$0.00
$0.00
ReShape Lifesciences stock logo

6. ReShape Lifesciences NASDAQ:RSLS

$0.34 -0.01 (-1.74%)
As of 04:00 PM Eastern

ReShape Lifesciences Inc provides products and services that manages and treat obesity and metabolic diseases in the United States, Australia, Europe, and internationally. More about ReShape Lifesciences

Market Capitalization
$3.82 million
P/E Ratio
-0.02
Consensus Rating
Hold
Volume
1.28 million shares
Average Volume
3.98 million shares
Today's Range
$0.33
$0.35
Applied Therapeutics stock logo

7. Applied Therapeutics NASDAQ:APLT

$0.41 +0.02 (+4.23%)
As of 04:00 PM Eastern

Applied Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the development of a pipeline of novel product candidates against validated molecular targets in indications of high unmet medical need in the United States. More about Applied Therapeutics

Market Capitalization
$57.93 million
P/E Ratio
-0.25
Consensus Rating
Moderate Buy
Consensus Price Target
$6.10 (+1,390.7% Upside)
Volume
1.15 million shares
Average Volume
3.17 million shares
bioAffinity Technologies stock logo

8. bioAffinity Technologies NASDAQ:BIAF

$0.47 +0.02 (+4.68%)
As of 04:00 PM Eastern

bioAffinity Technologies, Inc, a biotechnology company, engages in developing non-invasive diagnostic tests and targeted cancer therapeutics. More about bioAffinity Technologies

Market Capitalization
$8.58 million
P/E Ratio
-0.57
Consensus Rating
Hold
Consensus Price Target
$6.00 (+1,176.6% Upside)
Volume
60,601 shares
Average Volume
2.46 million shares
Tenaya Therapeutics stock logo

9. Tenaya Therapeutics NASDAQ:TNYA

$0.48 -0.01 (-1.66%)
As of 04:00 PM Eastern

Tenaya Therapeutics, Inc, a biotechnology company, discovers, develops, and delivers therapies for heart disease in the United States. More about Tenaya Therapeutics

Market Capitalization
$41.60 million
P/E Ratio
-0.33
Consensus Rating
Buy
Consensus Price Target
$6.25 (+1,215.8% Upside)
Volume
1.71 million shares
Average Volume
2.31 million shares
Zapp Electric Vehicles Group stock logo

10. Zapp Electric Vehicles Group NASDAQ:ZAPP

$0.49 -0.03 (-5.82%)
As of 03:52 PM Eastern

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. More about Zapp Electric Vehicles Group

Market Capitalization
$3.89 million
Consensus Rating
Strong Buy
Consensus Price Target
$3.00 (+512.2% Upside)
Volume
166,921 shares
Average Volume
2.23 million shares
Today's Range
$0.47
$0.53
Cardio Diagnostics stock logo

11. Cardio Diagnostics NASDAQ:CDIO

$0.42 -0.03 (-6.76%)
As of 04:00 PM Eastern

Cardio Diagnostics Holdings, Inc develops and commercializes epigenetics-based clinical tests for cardiovascular disease. More about Cardio Diagnostics

Market Capitalization
$22.15 million
Consensus Rating
Buy
Consensus Price Target
$2.00 (+370.8% Upside)
Volume
539,342 shares
Average Volume
2.57 million shares
Today's Range
$0.41
$0.45
Mersana Therapeutics stock logo

12. Mersana Therapeutics NASDAQ:MRSN

$0.43 +0.06 (+17.19%)
As of 04:00 PM Eastern

Mersana Therapeutics, Inc, a clinical stage biopharmaceutical company, develops antibody drug conjugates (ADC) for cancer patients with unmet needs. More about Mersana Therapeutics

Market Capitalization
$53.95 million
P/E Ratio
-0.71
Consensus Rating
Buy
Consensus Price Target
$4.00 (+824.0% Upside)
Volume
3.29 million shares
Average Volume
2.50 million shares
Cognition Therapeutics stock logo

13. Cognition Therapeutics NASDAQ:CGTX

$0.43 +0.01 (+2.33%)
As of 04:00 PM Eastern

Cognition Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the discovery and development of small molecule therapeutics targeting age-related degenerative diseases and disorders of the central nervous system and retina. More about Cognition Therapeutics

Market Capitalization
$26.46 million
P/E Ratio
-0.44
Consensus Rating
Buy
Consensus Price Target
$7.13 (+1,569.0% Upside)
Volume
240,231 shares
Average Volume
2.53 million shares
Genprex stock logo

14. Genprex NASDAQ:GNPX

$0.29 +0.01 (+3.57%)
As of 04:00 PM Eastern

Genprex, Inc, a clinical-stage gene therapy company, focuses on developing gene-based therapies for patients with cancer and diabetes in the United States. More about Genprex

Market Capitalization
$7.00 million
Consensus Rating
Buy
Consensus Price Target
$10.00 (+3,348.3% Upside)
Volume
1.87 million shares
Average Volume
3.70 million shares
Today's Range
$0.26
$0.29
Vaxart stock logo

15. Vaxart NASDAQ:VXRT

$0.44 +0.01 (+3.39%)
As of 04:00 PM Eastern

Vaxart, Inc, a clinical-stage biotechnology company, discovers and develops oral recombinant protein vaccines based on its proprietary oral vaccine platform. More about Vaxart

Market Capitalization
$100.32 million
P/E Ratio
-1.07
Consensus Rating
Buy
Consensus Price Target
$3.00 (+582.4% Upside)
Volume
1.68 million shares
Average Volume
2.41 million shares
Canoo stock logo

16. 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
$42.63 (+12,291.0% Upside)
Volume
6.24 million shares
Average Volume
2.92 million shares
Aethlon Medical stock logo

17. Aethlon Medical NASDAQ:AEMD

$0.38 -0.03 (-6.41%)
As of 04:00 PM Eastern

Aethlon Medical, Inc, a medical therapeutic company, focuses on developing products to treat cancer and life-threatening infectious diseases in the United States. More about Aethlon Medical

Market Capitalization
$6.12 million
P/E Ratio
-0.24
Consensus Rating
Buy
Consensus Price Target
$7.00 (+1,737.3% Upside)
Volume
150,580 shares
Average Volume
2.48 million shares
ImmunoPrecise Antibodies stock logo

18. ImmunoPrecise Antibodies NASDAQ:IPA

$0.44 0.00 (-1.02%)
As of 04:00 PM Eastern

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
$13.61 million
P/E Ratio
-0.56
Consensus Rating
Buy
Consensus Price Target
$4.00 (+813.2% Upside)
Volume
106,432 shares
Average Volume
2.10 million shares
TransCode Therapeutics stock logo

19. TransCode Therapeutics NASDAQ:RNAZ

$0.41 -0.03 (-5.88%)
As of 04:00 PM Eastern

TransCode Therapeutics, Inc, a ribonucleic acid (RNA) oncology company, focuses on the development and commercialization of drugs and diagnostics for treating and identifying various cancers. More about TransCode Therapeutics

Market Capitalization
$9.49 million
Consensus Rating
Buy
Consensus Price Target
$10.00 (+2,359.4% Upside)
Volume
1.69 million shares
Average Volume
2.07 million shares
Today's Range
$0.39
$0.43
LeddarTech stock logo

20. LeddarTech NASDAQ:LDTC

$0.39 -0.03 (-7.12%)
As of 04:00 PM Eastern

LeddarTech Holdings Inc provides AI-based fusion and perception software solutions for advanced driver assistance solutions and autonomous driving applications in Canada. More about LeddarTech

Market Capitalization
$11.22 million
P/E Ratio
-0.12
Consensus Rating
Moderate Buy
Consensus Price Target
$3.00 (+669.0% Upside)
Volume
109,380 shares
Average Volume
2.09 million shares
Brand Engagement Network stock logo

21. Brand Engagement Network NASDAQ:BNAI

$0.36 0.00 (-1.10%)
As of 04:00 PM Eastern

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. More about Brand Engagement Network

Market Capitalization
$15.18 million
Consensus Rating
Buy
Consensus Price Target
$6.00 (+1,571.3% Upside)
Volume
102,699 shares
Average Volume
2.22 million shares
Today's Range
$0.35
$0.37
FibroGen stock logo

22. FibroGen NASDAQ:FGEN

$0.34 +0.01 (+3.21%)
As of 04:00 PM Eastern

FibroGen, Inc, a biopharmaceutical company, discovers, develops, and commercializes therapeutics to treat serious unmet medical needs. More about FibroGen

Market Capitalization
$34.15 million
P/E Ratio
-0.27
Consensus Rating
Moderate Buy
Consensus Price Target
$10.00 (+2,858.6% Upside)
Volume
434,885 shares
Average Volume
2.24 million shares
Asensus Surgical stock logo

23. 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
Lineage Cell Therapeutics stock logo

24. Lineage Cell Therapeutics NYSEAMERICAN:LCTX

$0.50 +0.03 (+5.94%)
As of 04:10 PM Eastern

Lineage Cell Therapeutics, Inc, a clinical-stage biotechnology company, develops novel cell therapies for unmet medical needs in the United States and internationally. More about Lineage Cell Therapeutics

Market Capitalization
$109.99 million
P/E Ratio
-4.16
Consensus Rating
Buy
Consensus Price Target
$4.20 (+741.7% Upside)
Volume
1.49 million shares
Average Volume
1.33 million shares
23andMe stock logo

25. 23andMe NASDAQ:ME

$0.50 -0.27 (-35.32%)
Closing price 03/28/2025
Extended Trading
$0.50 0.00 (0.00%)
As of 03/28/2025 08:00 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.

23andMe Holding Co operates as a consumer genetics testing company. The company operates in two segments, Consumer & Research Services and Therapeutics. More about 23andMe

Market Capitalization
$13.36 million
P/E Ratio
-0.03
Consensus Rating
Sell
Volume
29.28 million shares
Average Volume
1.23 million shares
Today's Range
$0.60
$1.10