FOXO Technologies, Tivic Health Systems, and Northann Corp. are the 3 Penny Stocks to watch on November 12, 2024, based on TipRanks’ Penny Stock Screener tool. Penny stocks are defined as stocks that trade at or below $5 per share and have a market capitalization of below $300 million.
The Penny Stock Screener helps investors scan stocks based on numerous parameters, including Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.
We leveraged the tool to pick the top three penny stocks with the highest Dollar Volume as of the close on November 11, 2024. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price. We can also look at the Relative Volume and Average Volume (last 3 months) to gauge how the trading volumes have been very high (showing high interest) compared to the average.
FOXO Technologies (FOXO) – FOXO Technologies is a holding company that operates through three units: Foxo Labs, a biotechnology company, Myrtle Recovery Centers, a behavioral health facility, and Rennova Community Health, an operator of hospitals.
On November 11, FOXO had a Dollar Volume of $390.24 million, while its shares jumped 40.1%. There was no specific news on FOXO Technologies yesterday. Shares spiked over 475% on November 6 and continue to remain volatile.
Tivic Health Systems (TIVC) – Tivic Health is a commercial health tech company focused on bioelectronic medicines. The company offers non-invasive methods of treatment through its patented technology platform that uses stimulation on the trigeminal, sympathetic, and vagus nerve structures.
TIVC had a Dollar Volume of $118.72 million yesterday, with its stock price falling 4.4%. There was no specific news for Tivic yesterday. The share price decline marks a reversal from Friday’s rally. On November 7, Tivic announced the additional offering of its common shares and pre-funded warrants. Shares jumped over 55% in reaction to the news on Friday.
Northann Corp. (NCL) – Northann Corp. is a technology company engaged in producing natural and sustainable material-based products for interior finishes. NCL specializes in 3D printing technology, which is used to produce flooring, wall panels, and decorative panels.
NCL’s Dollar Volume stood at $105.03 million on November 11, accompanied by a stock price surge of 18.3%. There was no company-specific news for Northann yesterday, but shares have been volatile lately. NCL shares have zoomed over 96% since November 7.
To find more penny stocks like these, you can take a look at TipRanks’ Penny Stock Screener tool. It shows a list of all penny stocks, their price movement, and other vital data.
