The best penny stocks under $2 to buy today depend on today’s chart. The fact is, 99.9% of these cheap stocks will eventually be worth less than they are right now. That’s why I tell my students to build a watchlist every day.
The best traders watch more stocks than they trade. That’s essential for getting to know the charts of these stocks — these charts will give you valuable info about their future moves. If you study the patterns these stocks follow, you can find opportunities for the kind of small gains that can grow a small account fast.
Today I’ll show you how to build a watchlist for stocks under $2. Read on for the results!
Table of Contents
- 1 What Are the Best Penny Stocks to Buy Under $2 in December 2023?
- 2 Best Penny Stocks Under $2 to Buy in December 2023
- 2.1 ABVC BioPharma Inc. [NASDAQ: ABVC]
- 2.2 Xeris Biopharma Holdings Inc. [NASDAQ: XERS]
- 2.3 Oatly Group AB [NASDAQ: OTLY]
- 2.4 Aclaris Therapeutics Inc. [NASDAQ: ACRS]
- 2.5 Apollomics Inc. [NASDAQ: APLM]
- 3 Which Is the Cheapest High-Potential Stock to Buy Right Now?
- 4 What Are the Penny Stocks Under $2 with the Highest Potential?
- 4.1 Penny Stocks Under $2 FAQs
- 4.2 Where can one find the list of companies’ penny stocks under $2?
- 4.3 What are high-volume penny stocks under $2?
- 4.4 What are some great penny stocks under $2 for selling calls and puts?
- 4.5 What is Tim Sykes’ favorite stock under $2?
- 4.6 What are the best stocks to buy under $2 that pay dividends?
What Are the Best Penny Stocks to Buy Under $2 in December 2023?
To find the best penny stocks to buy under $2 in December 2023 requires a top-level stock screener. I use the one in StocksToTrade — I helped design it, so it has all the tools and customizations I look for to create my penny stock watchlists.
Try StocksToTrade for 14 days and see how it helps your watchlist skills — only $7!
To find watch-worthy penny stocks under $2, I input the following criteria:
- Last Price ≤ $2
- Last Price ≥ $0.50
- Volume ≥ 100,000
When I run this screen in December 2023 and sort by percent change, it gives me the following top results:
[[[{“widget”:”scn-wdgt-01-dev”, “params”: {“top_price”:”2″,”bottom_price”:”0.5″,”bottom_volume”:”100000″,”bottom_trades_in_a_day”:”100″}}]]]
Best Penny Stocks Under $2 to Buy in December 2023
The best penny stocks under $2 in December 2023 are:
- ABVC BioPharma Inc. [NASDAQ: ABVC]
- Xeris Biopharma Holdings Inc. [NASDAQ: XERS]
- Oatly Group AB [NASDAQ: OTLY]
- Aclaris Therapeutics Inc. [NASDAQ: ACRS]
- Apollomics Inc. [NASDAQ: APLM]
This is a watchlist — not a “buy list.”
I’m sharing this so you can see my process. If you want to see more NO-COST watchlists, you can sign up for my weekly watchlist here.
Read on for the best penny stocks that I’m watching today!
ABVC BioPharma Inc. [NASDAQ: ABVC]
ABVC BioPharma licenses promising medical research conducted in the Asia-Pacific region and enlists top-ranked principal investigators in the United States to conduct Phase II clinical trials. We specialize in botanically based solutions that deliver high efficacy with low toxicity for improved health outcomes that represent enormous commercial potential.
Xeris Biopharma Holdings Inc. [NASDAQ: XERS]
Xeris Biopharma Holdings, Inc., a biopharmaceutical company, engages in developing and commercializing therapies in Illinois. The company markets Gvoke, a ready-to-use liquid-stable glucagon for the treatment of severe hypoglycemia; and Keveyis, a therapy for the treatment of hyperkalemic, hypokalemic, and related variants of primary periodic paralysis; and Recorlev, a cortisol synthesis inhibitor proved for the treatment of endogenous hypercortisolemia in adult patients with Cushing’s syndrome. It also has a pipeline of development programs to extend the marketed products into new indications and uses and bring new products using its proprietary formulation technology platforms, XeriSol and XeriJect. The company was incorporated in 2005 and is headquartered in Chicago, Illinois.
Oatly Group AB [NASDAQ: OTLY]
Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, Icecreams, among others. It caters to Sweden, Germany, United Kingdom, Netherlands, North America, Finland, and Other markets.
Aclaris Therapeutics Inc. [NASDAQ: ACRS]
Aclaris Therapeutics Inc is a clinical-stage biopharmaceutical company that operates in the United States. It focuses on developing novel drug candidates for immuno-inflammatory diseases. The company operates in two segments: therapeutics and contract research. The majority of its revenue comes from the contract research segment, which provides laboratory services. Its drug candidates under development are Zunsemetinib, which is an Oral MK2 Inhibitor; ATI-2138 is an ITJ Inhibitor; and ATI-1777.
Apollomics Inc. [NASDAQ: APLM]
Apollomics Inc. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery and development of oncology therapies with the potential to be combined with other treatment options to harness the immune system and target specific molecular pathways to inhibit cancer. Apollomics has a pipeline of approximately nine drug candidates across multiple programs, six of which are in the clinical-stage of development. Apollomics lead programs include investigating its core product, vebreltinib (APL-101), a potent, selective c-Met inhibitor for the treatment of non-small cell lung cancer and other advanced tumors with c-Met alterations, which is in a Phase II multicohort clinical trial in the United States. The Company is also developing an anti-cancer enhancer drug candidate, uproleselan (APL-106), a specific E-Selectin antagonist that has the potential to be used adjunctively with standard chemotherapy to treat acute myeloid leukemia and other hematologic cancers.
Which Is the Cheapest High-Potential Stock to Buy Right Now?
To find the cheapest high-potential stocks, you have to study their charts.
Take a look at the 1-year chart for Clean Vision Corp. [OTCPK: CLNV]:
See how many 100% spikes this stock had in the past year? Each one of these spikes was a trading opportunity — that’s the way I’ve made over $8,000 in total earnings trading this stock (click the link to see my individual trades).
However, that’s not a recommendation to “buy” this stock. See how it drops after every spike?
It follows my 7-step pennystocking framework perfectly. This is the chart you have to commit to memory:
Remember this chart well, its the basis for my 7-step framework, @30DayBoot & @completepenny & you must study not to fall prey to greed/ignorance or you'll get wrecked like 90% of traders. It's VITAL to sell into excessive strength/hype, do not just hold & hope like most newbies pic.twitter.com/QsAGHsI6lp
— Timothy Sykes (@timothysykes) February 28, 2021
What Are the Penny Stocks Under $2 with the Highest Potential?
Look up at the charts of the stocks above. Do you see any spikes in their long-term chart?
That’s a good sign.
History doesn’t repeat, it rhymes. And that’s a good thing for former runners…
Just because a stock trades for under $2 doesn’t make it cheap. Read on for some more questions you might be asking…
Get a powerful stock screener like the one in StocksToTrade, and start building parameters. When I’m looking for tradable penny stocks under $2, I want their volume to be great enough for the stock to be liquid. This way I can enter and exit a position more easily.
A penny stock under $2 needs high volume for me to trade it. When I’m building my stock scan, I’ll typically look for stocks that have traded over 1 million shares so far that day.
The scanner I’m using in this article is set to look for penny stocks that have traded more than 100,000 shares. This will help you identify watch-worthy stocks — even if you’re looking in pre-market.
Options are only offered on certain stocks. Many stocks under $2 won’t qualify.
I don’t have a “favorite” stock under $2— I think penny stocks are bad investments, and I don’t trust them at all. Trading scared has helped me make some profitable trades. One ticker that is ALWAYS on watch is Ozop Energy Solutions Inc. (OTCPK: OZSC) — I’ve made $45k over the years trading this penny stock (click the link for my individual trades).
Stocks that trade under $2 don’t usually pay dividends. Stocks that cost this little generally don’t have much going for them.
Alright, let's dive into this stock market talk! Now, I've been around the financial block, so to speak, and I can assure you that when it comes to penny stocks under $2, you've got to tread carefully. Now, in the article, the author emphasizes the importance of building a watchlist rather than a "buy list." Wise move.
The criteria they use to filter out the potential winners from the losers are solid—last price between $0.50 and $2, and a minimum trading volume of 100,000. It's all about liquidity and potential for movement. But, remember, it's a watchlist, not a shopping cart.
Now, onto the highlighted stocks. ABVC BioPharma Inc. is into licensing promising medical research and conducting Phase II clinical trials. Xeris Biopharma Holdings Inc. is developing therapies, Oatly Group AB is in the food and drinks industry, Aclaris Therapeutics Inc. focuses on immuno-inflammatory diseases, and Apollomics Inc. is all about oncology therapies. Each has its own story and potential, but remember, it's the market, and it can be unpredictable.
The article then throws in a curveball with Clean Vision Corp. [OTCPK: CLNV]. The emphasis here is on studying charts—look at those spikes, analyze the patterns, but always be cautious. It's a reminder that trading is not a game of chance; it's a game of skill.
And then we get into the nitty-gritty of penny stock questions. What about stocks with the highest potential? Look at historical charts; look for spikes, but be mindful of the risks. And when you're scanning for potential trades, volume is key. Liquidity is your friend, especially in the penny stock game.
As for options, not all stocks under $2 qualify. It's a selective game. And about favorite stocks under $2, the author isn't playing favorites—penny stocks are viewed with a skeptical eye. However, there's a constant eye on Ozop Energy Solutions Inc. (OTCPK: OZSC).
Lastly, don't expect dividends from stocks under $2. They usually don't have that luxury. It's a reminder that at this price range, you're often dealing with companies that are still finding their footing.
So, there you have it, the ins and outs of navigating the world of penny stocks under $2. Watch, analyze, and tread carefully. It's a jungle out there!
