In this article, we discuss the 5 best penny stocks to invest $100. If you want to read our analysis of these stocks, go directly to the 10 Best Penny Stocks to Invest $100.
5. Uranium Energy Corp. (NYSE:UEC)
Stock Price as of August 16: $3.43
Number of Hedge Fund Holders: 12
Uranium Energy Corp. (NYSE:UEC) is a Corpus Christi, Texas-based uranium corporation.
The company owns over 1.7 million pounds of uranium with a market value of roughly $82 million, 15 million shares of Uranium Royalty Corp. (NASDAQ:UROY) with a market value of over $40 million, and also has ownership and mining rights to several uranium mines.
In late July, Uranium Energy Corp. (NYSE:UEC) revealed its plans to acquire UEX Corporation (OTC:UEXCF). The acquisition will aid Uranium Energy Corp in doubling its uranium resources in politically stable jurisdictions. The company will also continue to be a beneficiary of the higher physical inventory required by Sprott Physical Uranium Trust Fund (OTC:SRUUF). The uranium industry is in a strong position to increase its market share as governments and corporations worldwide are working on decarbonizing the environment by lowering carbon emissions. This will play to Uranium Energy Corp.’s (NYSE:UEC) advantage.
Uranium Energy Corp. (NYSE:UEC) was held by 12 hedge funds as of Q1 2022.
4. Compugen Ltd. (NASDAQ:CGEN)
Stock Price as of August 16: $1.34
Number of Hedge Fund Holders: 13
Compugen Ltd. (NASDAQ:CGEN) is an Israeli clinical-stage biotech company working on developing a widely applicable, predictive computational discovery platform to identify the efficacy of new drugs in cancer patients.
On August 8, Reni Benjamin at JMP Securities assigned Compugen Ltd. (NASDAQ:CGEN) a target price of $4 and maintained an Outperform rating on the stock. The company dissolved its partnership with Bristol-Myers Squibb Company (NYSE:BMY) to gain independence and flexibility in pursuing its own strategy for a certain class of assets. In January, Compugen Ltd. (NASDAQ:CGEN) also gained a US patent for its lead candidate, COM701. Analysts think that Compugen Ltd. (NASDAQ:CGEN) has a first mover advantage which will allow the company to retain its leadership position amongst its competitors.
Overall, 13 hedge funds held a stake in Compugen Ltd. (NASDAQ:CGEN) as of Q1 2022.
3. POET Technologies Inc. (NASDAQ:POET)
Stock Price as of August 16: $3.38
POET Technologies Inc. (NASDAQ:POET) is involved in the production of photonic chips. By utilizing its Optical Interposer technology, the company aims to become the market leader in the photonics market.
The company’s first offerings include datacenter-useable 100G, 200G, 400G, and 800G chips introduced within this and the next year. Due to the enormous demand for these speeds, these products will serve as POET Technologies Inc.’s (NASDAQ:POET) major source of revenue. While other well-known companies like Intel are still searching for these technologies, POET Technologies Inc. (NASDAQ:POET) will offer processors with speeds of 1.6 T/s, 3.2 T/s, and 6.4 T/s.
POET Technologies Inc. (NASDAQ:POET) also has the potential to significantly increase the production levels due to its joint venture with one of China’s leading LED chip manufacturers, SANAN Optoelectronics Co. Furthermore, POET Technologies Inc.’s (NASDAQ:POET) revenue is expected to reach nearly $130 million by the end of 2025, based on the demand for its products from 10 clients.
2. BioLargo, Inc. (OTC:BLGO)
Stock Price as of August 16: $0.19
BioLargo, Inc. (OTC:BLGO) engages in the development of sustainable cleantech solutions.
The Tennessee-based engineering division of BioLargo, Inc. (OTC:BLGO) has been collaborating with Ultra Safe Nuclear to help create the first prototype fuel production system for the ground-breaking new Micro Modular Reactor. BioLargo, Inc. (OTC:BLGO) has so far received contracts worth around $500,000 from Ultra Safe Nuclear.
On August 11, the company reported that it had inked a deal with a new channel partner to sell BioLargo Inc’s (OTCQB:BLGO) PFAS treatment technology and technical support services. Furthermore, BioLargo Inc (OTCQB:BLGO) has landed its first client to build a thorough PFAS mitigation strategy for an industrial site. The company’s future looks bright with important projects in the pipeline.
In Q2 2022, BioLargo Inc (OTCQB:BLGO) reported revenue of $1.3 million, reflecting an increase of 37% from the preceding quarter and a jump of over 180% from the same quarter last year.
1. Pitney Bowes Inc. (NYSE:PBI)
Stock Price as of August 16: $3.44
Number of Hedge Fund Holders: 20
Pitney Bowes Inc. (NYSE:PBI) is a Stamford, Connecticut-based mailing and shipping company that provides financial services, logistics, and technology to more than 90% of the Fortune 500 companies.
The company has the distinction of being a certified “work-share partner” for the United States Postal Service (USPS) and aids the government agency in sorting and processing over 15 billion mail annually. Pitney Bowes Inc. (NYSE:PBI) also provides e-commerce solutions and offers an attractive forward dividend yield of 5.8% as of August 16. Experts believe that despite the economic uncertainty, the company’s 5.8% dividend yield is well secured due to the solid cash flows.
Pitney Bowes Inc. (NYSE:PBI) stock is currently trading at a forward P/E multiple of 7.4 times. Experts believe that the stock should trade at a forward multiple of at least 10x, keeping in view the company’s growth potential.
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