AEye Inc., Incannex Healthcare, and SMX Public Limited are the 3 Penny Stocks to watch on July 29, 2025, 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 below $300 million.
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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 July 28, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
AEye Inc. (LIDR) – AEye develops advanced lidar (Light Detection and Ranging) systems for autonomous vehicles (AVs), advanced driver-assistance systems (ADAS), and robotic vision applications. On July 28, LIDR had a Dollar Volume of $1.47 billion, while its stock price fell by 8.7%.
LIDR stock has been on an uptrend since July 24, after the company announced a lucrative partnership with chip giant Nvidia (NVDA). AEye’s flagship product, Apollo lidar, has been integrated into Nvidia’s DRIVE AGX platform, giving the company exposure to major automakers designing the next generation of AVs and ADAS solutions. Yesterday’s stock price decline appears to be a reversal from Friday’s rally when LIDR shares rocketed over 51%.
Incannex Healthcare (IXHL) – Australia-based Incannex Healthcare is a clinical-stage biopharmaceutical company developing treatments for chronic conditions such as obstructive sleep apnea, rheumatoid arthritis, and generalized anxiety disorder. On Monday, IXHL had a Dollar Volume of $233.78 million, while its shares rose by more than 13%.
There was no specific news about Incannex yesterday to justify its stock price rally.
SMX Public Limited (SMX) – Ireland-based SMX (Security Matters) Public Limited offers authentication and tracking solutions that ensure product authenticity, prevent counterfeiting, and enable detailed traceability within supply chains. These markers can be embedded permanently or temporarily in solid, liquid, and gaseous materials. Yesterday, SMX had a Dollar Volume of $171.67 million, while its stock price gained 2.4%.
SMX stock has been trending higher lately after the company announced the establishment of a new subsidiary in Ireland, aimed at enhancing its digital asset strategy and incorporating Bitcoin into its treasury operations. This initiative follows the passage of the GENIUS Act, which promotes transparency and regulation in the cryptocurrency and stablecoin markets and accelerates SMX’s existing strategy.
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.