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Top Penny Stocks To Watch Now - October 23rd

Beyond Meat logo with Consumer Staples background

Key Points

  • Beyond Meat is a plant-based meat company offering a variety of products, with significant trading volume making it a notable penny stock.
  • Scienture Holdings focuses on health services and pharmaceutical innovations, targeting underserved patient needs, and is included in the top penny stocks of the day.
  • Digital Health Acquisition Corp. is centered on merging or acquiring tech and healthcare businesses, despite currently lacking significant operations.
  • MarketBeat previews the top five stocks to own by November 1st.

Beyond Meat, Scienture, and Digital Health Acquisition are the three Penny stocks to watch today, according to MarketBeat's stock screener tool. Penny stocks are low-priced shares of small companies, typically trading for less than $5 per share under the SEC’s informal definition (and often under $1 in common usage), and they may trade on over-the-counter (OTC) markets or on smaller exchanges. They carry high risk for investors because of low liquidity, wide bid-ask spreads, limited public information, extreme price volatility, and a greater susceptibility to fraud and manipulation. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Beyond Meat (BYND)

Beyond Meat, Inc., a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.

Read Our Latest Research Report on BYND

Scienture (SCNX)

Scienture Holdings, Inc. engages in the provision of health services and pharmaceutical products. It focuses on addressing underserved patients and indications through novel product concepts and innovation. The company was founded on July 15, 2005 and is headquartered in Lutz, FL.

Read Our Latest Research Report on SCNX

Digital Health Acquisition (DHAC)

Digital Health Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology and healthcare focused businesses.

Read Our Latest Research Report on DHAC

Featured Articles

Should You Invest $1,000 in Beyond Meat Right Now?

Before you consider Beyond Meat, you'll want to hear this.

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While Beyond Meat currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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