Today, we’re recapping the 10 top penny stocks to buy this week, plus a penny stock with the potential to pop after its earnings call on Thursday (Feb. 28).
You see, penny stocks offer investors the potential for double- and triple-digit gains in a matter of days.
Just take Sky Solar Holdings Ltd. (NASDAQ: SKYS), last week’s top-performing penny stock. On Feb. 15, SKYS stock jumped a mere $0.60 on rumors the company may beat earnings later this month.
However, that small price fluctuation resulted in a 75% return for investors who bought before the bump – and a 111% return for those that held onto the company’s stock through the end of last week.
These kinds of gains on small price fluctuations are common for penny stocks with the right kind of underlying financials that will generate strong returns for shareholders.
However, with nearly 1,000 penny stocks trading on major exchanges, it’s nearly impossible to know which penny stocks have the potential to soar.
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In fact, we’ve used it to find a breakout penny stock in the energy sector. Not only does the stock have a high VQScore, but it’s beat earnings estimates four times in a row. And it could make it a fifth time on Thursday, which is the perfect catalyst to lift this stock.
After looking at last week’s top penny stocks, we’ll show you this top penny stock…
|Penny Stock||Sector||Current Share Price||Last Week’s Gain|
|Sky Solar Holdings Ltd. (NASDAQ: SKYS)||Utilities||$1.19||111.74%|
|Zosano Pharma Corp. (NASDAQ: ZSAN)||Healthcare||$4.54||106.36%|
|Achieve Life Sciences Inc. (NASDAQ: ACHV)||Healthcare||$3.30||89.66%|
|EnSync Inc. (NYSE: ESNC)||Industrial Goods||$0.13||85.00%|
|Riot Blockchain Inc. (NASDAQ: RIOT)||Healthcare||$3.95||74.78%|
|Ideanomics Inc. (NASDAQ: IDEX)||Technologies||$1.97||71.30%|
|Eco-Stim Energy Solutions Inc. (OTCMKTS: ESES)||Basic Materials||$0.27||54.65%|
|Pier 1 Imports Inc. (NYSE: PIR)||Services||$1.31||47.91%|
|Marathon Patent Group Inc. (NASDAQ: MARA)||Services||$0.74||42.29%|
|China Internet NationWide Financial Services Inc. (NASDAQ: CIFS)||Financial||$1.28||42.24%|
As you can see, knowing where to look for the top penny stocks could reward you with double-digit, or even triple-digit, returns in mere days.
And that’s why we’re so excited about our top penny stock to buy this week.
It’s an energy company that’s cashing in on an increasingly volatile global energy market.
In fact, it could jump as much as 64%. And it’s only trading for $4.24…
The Best Penny Stock to Buy This Week
Southwestern Energy Co. (NYSE: SWN) specializes in natural gas extraction across North America.
Southwestern currently maintains drilling rights to over 918,000 acres across the Appalachian Basin, ranging from West Virginia to Pennsylvania.
Over the last two years, the company’s gross profits have soared 58% thanks to increasing demand and volatility in the energy sector. That’s helped them beat earnings for the last four quarters, and with their next earnings call due on Thursday, the stock could get another boost.
That’s a sign the company is extremely well managed compared to its competitors, and it is making excellent use of its capital.
Southwestern’s return on equity is a staggering 29%. Compare that to the oil industry’s average return on equity of a mere 1.97%.
It also indicates that SWN will be able to effectively navigate the energy market’s continued volatility in 2019 and beyond. But with both oil and gas prices trending higher this year, Southwestern’s bottom line could grow even fatter.
SWN’s current share price is $4.46.
However, analysts are predicting the company stock to jump to $7.30 over the next year – a gain of 64% over today’s price. That’s a great return, but with a VQScore of 3.75 and rising energy prices, that estimate could be way too conservative.
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