In the ever-evolving world of stock trading, penny stocks have always held a special allure for investors seeking high potential returns on small investments. The year 2018 was no exception, as several penny stocks soared to impressive heights. This article delves into the best US penny stocks of 2018, providing insights into their performance and potential for future growth.
Top 5 Best US Penny Stocks of 2018
Aerovironment, Inc. (AVAV)
- Performance in 2018: Aerovironment, a company specializing in unmanned aircraft systems, experienced a significant surge in its stock price during 2018. The company's impressive growth trajectory and partnerships with government agencies contributed to this upward momentum.
- Case Study: In January 2018, the company received a $13.8 million contract from the US Department of Defense, further bolstering investor confidence in AVAV.
Cinemark Holdings, Inc. (CNK)
- Performance in 2018: As one of the leading cinema chains in the United States, Cinemark Holdings saw its stock price appreciate substantially in 2018. The company's focus on expanding its digital offerings and enhancing customer experience played a key role in this growth.
- Case Study: In February 2018, Cinemark announced the acquisition of MoviePass, a subscription-based movie theater service, for $900 million, signaling its commitment to innovation in the industry.
GreenWave Reality, Inc. (GWAV)
- Performance in 2018: GreenWave Reality, a company focused on smart home technology, experienced a remarkable increase in its stock price in 2018. The company's strategic partnerships and commitment to innovation were key factors in its growth.
- Case Study: In May 2018, GreenWave Reality partnered with AT&T to develop a suite of smart home products, which helped drive investor interest in the company.
Global Communications Inc. (GLBC)
- Performance in 2018: Global Communications, a provider of satellite and wireless communications services, saw its stock price soar in 2018. The company's focus on expanding its services and increasing its customer base played a crucial role in this growth.
- Case Study: In June 2018, Global Communications announced the launch of a new satellite, which was expected to significantly boost its service capabilities and revenue.
Vulcan Energy International Inc. (VULC)
- Performance in 2018: Vulcan Energy International, a company specializing in renewable energy solutions, experienced a substantial increase in its stock price in 2018. The company's commitment to sustainable energy and its innovative projects were key drivers of investor interest.
- Case Study: In September 2018, Vulcan Energy International announced the successful completion of a pilot project in Namibia, which showcased the company's potential for future growth.
Conclusion
The best US penny stocks of 2018 showcased the immense potential of small-cap companies. As investors continue to seek high-potential investments, keeping an eye on these hidden gems could prove to be a wise decision. However, it is crucial to conduct thorough research and consider the risks associated with penny stock investments.