5 Best Penny Stocks to Buy Today

Investing in penny stocks is tricky. It needs loads of research and foresight to make money trading penny stocks. Most of the low-priced, small-cap stocks have a lot of volatility, and their performance depends on a plethora of factors that are mostly hidden from a beginner investor. If you don’t have loads of cash at hand, investing in penny stocks is a good option to make money, provided you do it with sense and research. Here are some of the best penny stocks students and beginner investors should consider.

Zix Corporation (NASDAQ:ZIXI)

Zix Corporation (NASDAQ:ZIXI) is a secure email solution provider. The company also has a messaging service. Sales of Zix have risen over 60% over the last five years. With a growing anxiety about cybersecurity attacks in the corporate world, Zix has strong growth prospects.

Quotient Ltd (NASDAQ:QTNT)

Quotient is a diagnostics company which is working on a disruptive blood grouping technology which is in its final stages. The technology is known as MosaiQ™. Last month, BTIG gave a “Buy” rating to the stock and set a price target of $12 for Quotient. The company is set to announce key results at a conference on September 27.

Glu Mobile Inc. (NASDAQ:GLUU)

Glu Mobile is a mobile games company which has excellent growth prospects. The company is behind several popular mobile games, including a game about Kim Kardashian which is pretty famous among the millennials. Last month, Glu increased its full-year guidance and also posted decent second quarter results. The stock has already gained a whopping 88% since the start of 2017.

Arotech Corporation (NASDAQ:ARTX)

Arotech is a defense and security products company. Arotech has had an excellent run this year. The biggest growth catalyst for Arotech is its strong traction in drones and VR markets. The company is working on next generation warfare products. Arotech also provides products and services for security and emergency companies. The company also makes simulators for military and air force. Operating income is currently in the negative territory due to heavy spending and R&D costs. But the efforts will pay off in the future. Therefore, now is the time to buy this penny stock on its weakness.

Neovasc Inc (US) (NASDAQ:NVCN)

Neovasc is a Canada-based medical device company, which is on investors’ radar this month after it provided an update on the clinical study of its Tiara self-expanding transcatheter mitral valve bioprosthesis, which is a treatment of mitral regurgitation. Over the last three months, Neovasc Inc (US) (NASDAQ:NVCN) has gained about 21.8%. There are still some risks around this stock, but given the cheap price (just over $1), we believe this is a decent penny stock investment for students and beginner investors.