Penny stocks are dangerous investments susceptible to a lot of risks. These stocks are priced under $5 value and consist of the stocks which have not reached their potential till now. These stocks are like diamonds in the mines and there are many examples of some high-end companies which were once a penny stock. Taking into a positive aspect of these low-priced stocks, these could be rewarding and give you double or triple returns over the investment.
If you’re looking for the anticipated stocks having a trend to go up from their existing position, it is important to look for the few names which could be expected to perform well. There are a few stocks enlisted which could have a positive impact on the company’s status in the times to come:
- Castle Brands Inc. (NYSE: ROX)
Castle Brands is an international developer and supplier of prime alcohol beverage brands. It markets the products to the US, Canada, Latin America, Asia, and Europe. The stocks are priced at $0.80 and could move towards a better run with more products included in the bucket list. The spirits include rum, vodka, liqueurs, whiskey and tequila marketed in many places all over the globe. At present, the stocks are 24% down in their price from the last year. The management of the company is working on making it excel and to increase the margins from the products by following the appropriate strategies.
- Sportsman’s Warehouse Holdings, Inc. (NASDAQ: SPWH)
Sportsman’s Warehouse Holdings, Inc. works together with its subsidiaries for operating as an outdoor sports goods retailer in the US. The company offers many products for various sports activities and has expertise in providing the best of the material. The present stock price of the company is $5.59 which is observing a consistent growth in this month. The investors were quite dicey about the stock after the election of President Trump. However, the sales grew and there were good results shown after the same. There is a lot of opportunity for the investors and the stock prices would go up in the coming future.
- Limelight Networks (NASDAQ: LLNW)
Limelight Networks Inc. provides content delivery services to the companies in the US, Canada, Africa, the Middle East, and the Asia Pacific. The solutions are given to the businesses for delivering digital content across the digital areas. The company even offers professional services for transit and logistics. Limelight Networks is making consistent progress in its business and the revenues are expected to rise in this year. The stock price is $2.88 and the recent trends should move the stocks to an upward position.
- DHX Media (NASDAQ: DHXM)
DHX Media is a Canada based media production, broadcasting, and distribution company. The company is the largest independent owner of children’s TV in the industry. It was founded in the year 2006 with the merger of the Halifax Film Company and Decode Entertainment group. The present stock price is $1.76 and it is expected to grow with more creative projects from the company.