Boxlight Corp., Soluna Holdings, and Reliance Global Group are the 3 Penny Stocks to watch on September 23, 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 September 22, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Boxlight Corp. (BOXL) – Boxlight is a technology company that designs and provides innovative interactive display solutions primarily for education and business settings. On September 22, BOXL had a Dollar Volume of $1.04 billion, while its stock price skyrocketed by 205%.
There was no specific news about BOXL yesterday that would justify the massive surge in the share price. The increase was likely driven by meme stock enthusiasm and a surge in retail trading activity rather than fundamental catalysts.
Soluna Holdings (SLNH) – Soluna Holdings converts stranded renewable energy resources, such as wind and solar power, into productive computational work, including Bitcoin mining, artificial intelligence, and machine learning in its data centers. Yesterday, SLNH had a Dollar Volume of $258.90 million, accompanied by a stock price surge of 94%.
Over the past few trading sessions, SLNH stock has been trending higher on positive developments. On September 16, Soluna announced that it has secured a $100 million credit facility from Generate Capital, with an initial $12.6 million draw to refinance and build data centers, supporting its 1-gigawatt pipeline and growth.
Reliance Global Group (RELI) – Reliance Global is an InsurTech company focused on the acquisition and management of wholesale and retail insurance agencies in the U.S. On Monday, RELI had a Dollar Volume of $111.21 million, while its stock price gained nearly 47%.
The company has recently adopted a digital asset strategy, which allows it to invest in cryptocurrencies like Bitcoin, Ethereum, and Solana. Yesterday, Reliance Global announced that it completed its first purchase of Cardano (ADA-USD) under the initiative. This purchase follows Reliance’s initial purchase of Ethereum earlier this month, underscoring the company’s continued dedication to developing a diverse portfolio of top digital assets.
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.