Promising Penny Stocks To Keep An Eye On – February 09th

Conduit Pharmaceuticals, MGO Global, Garden Stage, Digital Turbine, Plug Power, Cyclo Therapeutics, and Lottery.com are the seven Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are typically low-priced stocks of small companies that trade for less than $5 per share. These stocks are considered highly speculative and tend to have low liquidity and minimal regulation, making them riskier investments compared to larger and more established companies. Investors who trade penny stocks are often attracted by the potential for high returns, but they also come with a higher level of risk. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Conduit Pharmaceuticals (CDT)

Conduit Pharmaceuticals Inc., a clinical-stage specialty biopharmaceutical company, develops pharmaceutical products that provides unmet medical needs in the areas of autoimmune diseases and idiopathic male infertility. Its pipeline includes AZD1656, which has completed Phase I trials for the treatment of type 2 diabetes, renal transplant, Hashimoto's thyroiditis and Grave's disease, uveitis, and preterm labor; and AZD5904, which has completed Phase I clinical trials for the treatment of idiopathic male infertility.

Shares of Conduit Pharmaceuticals stock traded up $1.30 during trading hours on Friday, reaching $2.85. 143,865,357 shares of the company were exchanged, compared to its average volume of 610,776. Conduit Pharmaceuticals has a 1 year low of $1.45 and a 1 year high of $392.00. The stock’s fifty day moving average is $6.69 and its 200 day moving average is $10.91.

MGO Global (MGOL)

MGO Global, Inc. operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.

NASDAQ:MGOL traded up $0.23 during trading hours on Friday, hitting $0.42. The company’s stock had a trading volume of 804,680,689 shares, compared to its average volume of 45,446,240. The stock has a market capitalization of $1.21 million, a P/E ratio of -0.09 and a beta of 7.26. The stock has a fifty day moving average of $0.92 and a 200-day moving average of $2.24. MGO Global has a 52-week low of $0.10 and a 52-week high of $18.30.

Garden Stage (GSIW)

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong.

NASDAQ:GSIW traded up $0.35 during trading hours on Friday, hitting $0.79. The company’s stock had a trading volume of 219,220,313 shares, compared to its average volume of 399,808. The stock has a fifty day moving average of $0.60 and a 200-day moving average of $2.74. Garden Stage has a 52-week low of $0.43 and a 52-week high of $15.45.

Digital Turbine (APPS)

Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.

NASDAQ:APPS traded down $0.09 during trading hours on Friday, hitting $4.90. The company’s stock had a trading volume of 25,409,632 shares, compared to its average volume of 8,750,329. The stock has a fifty day moving average of $2.01 and a 200-day moving average of $2.48. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.09 and a current ratio of 1.06. Digital Turbine has a 52-week low of $1.18 and a 52-week high of $5.20.

Plug Power (PLUG)

Plug Power Inc. develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.

NASDAQ PLUG traded down $0.07 during trading hours on Friday, hitting $1.84. The company had a trading volume of 57,095,120 shares, compared to its average volume of 65,857,112. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. Plug Power has a 1-year low of $1.60 and a 1-year high of $4.90. The company has a market cap of $1.68 billion, a PE ratio of -0.86 and a beta of 1.79. The business has a 50 day moving average of $2.33 and a 200-day moving average of $2.17.

Cyclo Therapeutics (CYTH)

Cyclo Therapeutics, Inc., a clinical stage biotechnology company, engages in the development of cyclodextrin-based products for the treatment of neurodegenerative diseases. The company's lead drug candidate is Trappsol Cyclo (hydroxypropyl beta cyclodextrin), an orphan drug, which is in Phase III clinical trials for the treatment of Niemann-Pick Type C disease; and in Phase IIb clinical trials for the treatment of Alzheimer's disease.

NASDAQ CYTH traded up $0.42 during trading hours on Friday, hitting $1.19. The company had a trading volume of 84,450,086 shares, compared to its average volume of 52,825. Cyclo Therapeutics has a 1-year low of $0.55 and a 1-year high of $1.92. The business has a 50 day moving average of $0.69 and a 200-day moving average of $0.78.

Lottery.com (LTRY)

Lottery.com Inc., a digital publisher, provides lottery data results, jackpots, results, and other data. The company delivers daily results of approximately 800 domestic and international lottery games from 40 countries, including the United States, Canada, and the United Kingdom to 400 digital publishers and media organizations.

NASDAQ LTRY traded up $0.19 during trading hours on Friday, hitting $1.60. The company had a trading volume of 59,957,825 shares, compared to its average volume of 20,527,882. Lottery.com has a 1-year low of $0.22 and a 1-year high of $3.56. The business has a 50 day moving average of $0.43 and a 200-day moving average of $0.56.