What Are the Top Penny Stocks to Invest in on Stash?

What are the Top Penny Stocks to Invest in on Stash?

Penny stocks are stocks that trade at a low price, typically under $5 per share. While they may be risky, they can offer the potential for high returns for investors. Stash, a popularinvestment app, offers a variety of penny stocks for investors to choose from. Here are some of the top penny stocks to invest in on Stash:

1. Zynga Inc. (ZNGA)

Zynga is a California-based gaming company that specializes in social games. The company's stock has been on the rise in recent years, thanks to its popular games like Words with Friends and FarmVille. Zynga is a good choice for investors who are looking for a penny stock with the potential for growth.

2. Sirius XM Holdings Inc. (SIRI)

Sirius XM is a satellite radio company that provides music, sports, news, talk, and entertainment programming. The company's stock has been on the rise in recent years, thanks to its strong subscriber base and growing revenue. Sirius XM is a good choice for investors who are looking for a penny stock with a solid business model.

3. AMC Entertainment Holdings Inc. (AMC)

AMC is a movie theater chain that has been hit hard by the pandemic. However, the company's stock has been on the rise in recent months, thanks to its growing popularity among retail investors. AMC is a good choice for investors who are looking for a penny stock with the potential for a short-term gain.

4. Plug Power Inc. (PLUG)

Plug Power is a New York-based company that specializes in hydrogen fuel cell technology. The company's stock has been on the rise in recent years, thanks to its growing popularity among investors who are interested in environmentally-friendly energy solutions. Plug Power is a good choice for investors who are looking for a penny stock with the potential for long-term growth.

5. Nokia Corporation (NOK)

Nokia is a Finnish telecommunications company that has been around for over a century. The company's stock has been on the rise in recent years, thanks to its strong position in the 5G market and its growing revenue. Nokia is a good choice for investors who are looking for a penny stock with a solid business model and the potential for long-term growth.

Investing in penny stocks can be risky, as these stocks tend to be more volatile than larger, more established companies. However, investing in penny stocks can also offer the potential for high returns. Investors should do their research and carefully consider their options before investing in any penny stock. It is also important to diversify one's portfolio and not invest too heavily in any one stock.