WORK Medical Technology Group (WOK), Odysight.ai (ODYS), and Jiuzi Holdings (JZXN) are the three penny stocks to watch on May 12, according to TipRanks’ Penny Stock Screener tool.
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Penny stocks refer to low-priced shares, typically under $5 apiece, and are usually issued by companies whose market capitalizations hover around $300 million.
The three stocks highlighted in this article were selected for having the largest dollar volumes at the close on Monday, May 11. This means that they had the highest overall dollar value of shares traded, calculated by multiplying the number of shares exchanged by the stock’s market price.
- WORK Medical Technology Group (WOK): This is a Chinese medical consumables company that produces and sells various short-term or single-use products such as disposable medical devices, disposable breathing circuits, laryngeal mask airways, and oxygen face masks, among others. On May 11, WOK shares ballooned by over 206% to $3.92 per share, returning a dollar trading volume of $580.95 million. This came on the heels of WORK’s partnership with Novabioplus, a reagent product maker, to develop next-generation intelligent medical models.
- Odysight.ai (ODYS): Odysight.ai is an Israeli hardware, equipment, and parts developer focused on visual sensing and AI-based video analytics solutions. Its products are used for predictive maintenance and monitoring in sectors such as medicine, defense, and energy. On May 11, ODYS shares gained roughly 7% to reach $4.75 per share, generating a dollar trading volume of $185.64 million. The rise followed the company’s cooperative research and development agreement with a U.S. Navy division.
- Jiuzi Holdings (JZXN): This is another Chinese company that operates retail stores that sell new energy vehicles, plug-in electric vehicles, and associated parts. On May 11, JZXN hit a dollar volume of $122.11 million after its shares jumped by over 48% to $1.34 per share. The company had announced a $210,000 gain from its investment in Web3 infrastructure platform AetheriumX’s Distributed Capital Intelligence Protocol.
More About TipRanks’ Penny Stock Screener
Analysts looking to stay up-to-date with penny stocks can rely on TipRanks’ Penny Stock Screener tool, which makes it possible for investors to check out the thousands of penny stocks traded daily in the U.S. using filters such as sector, price target upside, Smart Score, analyst consensus, dollar volume, and price change.