Incannex Healthcare, XBP Europe Holdings, and AEye Inc. are the 3 Penny Stocks to watch on July 31, 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 30, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Incannex Healthcare (IXHL) – Incannex Healthcare is an Australia-based, clinical-stage biopharmaceutical company developing treatments for chronic conditions such as obstructive sleep apnea, rheumatoid arthritis, and generalized anxiety disorder. On July 30, IXHL had a Dollar Volume of $410.47 million, while its stock fell nearly 18%. At the time of writing, IXHL stock is down 33.5% in pre-market trading.
The stock touched a new 52-week high of $1.32 in early trading yesterday, before the steep decline. Incannex reported positive top-line results from its oral drug candidate for obstructive sleep apnea (OSA), IHL-42X, in the Phase 2 clinical trial. The RePOSA trial demonstrated that the drug decreased the Apnea-Hypopnea Index (AHI), the main indicator of OSA severity, by as much as 83% from baseline in the high-dose group and by up to 79% in the low-dose group, compared to placebo.
XBP Europe Holdings (XBP) – XBP Europe Holdings is a fintech company focused on bills, payments, and related financial services and solutions. On Wednesday, XBP had a Dollar Volume of $258.81 million, while its stock price surged by 81%.
Yesterday, XBP completed the acquisition of Exela Technologies BPA (XELA), a provider of business process automation solutions. The combined entity will operate under the new name XBP Global Holdings, reflecting its expanded global footprint and capabilities. The acquisition is expected to boost XBP’s annual revenues to more than $900 million.
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. Yesterday, LIDR had a Dollar Volume of $107.48 million, while its stock price rose by 3.2%.
AEye announced that it received formal written notification from The Nasdaq Stock Market confirming that the company has regained compliance with Nasdaq’s minimum bid price requirement, as its shares remained above $1 for at least 10 consecutive business days prior to the September 8, 2025 deadline.
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.