10 TOP ASX PENNY STOCKS TO BUY IN FY24

Many tech startups started life as penny stocks and then experienced astronomical gains in their market caps and valuations.

Stock markets offer opportunities all the time. It is like an ocean which could be a rewarding fascination and also awe and fear. Looking for an opportunity in adversity is a rare art. With geopolitical happenings and looming inflation fears, this becomes further complex. But investing isn’t worth anything until you do something that does challenge and recognise.

Do this to penny stocks. Comparatively smaller, identified at the right time, these stocks have a greater chance of growth. This means they have much more potential for investors to earn money faster.

Just like their larger counterparts, in that, these stocks are on a path to become multibaggers. At Veye, our research team spots and analyse such germinating stocks.

With our expertise in technical and fundamental analysis and with a close eye on macroeconomics, such stocks were selected which grew manyfold. The compelling differentiation being of recommending stocks not only for initial profits but also building up to swell profits.

How we choose penny stocks

Penny stocks are selected mainly on the basis of business model, catalysts and chart structure. Since these stocks are recommended at very initial stages of their run, although undervalued or fair valued, relative valuations are normally not there and thus not considered. Once the stock moves into bigger periphery, its longer-term growth prospects are analysed. A few such stocks have the potential to become multi baggers.

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Hand-picked penny companies by experts

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Some of our previous recommendations

Note: Not every company performs as expected. Past performance is not an indication of future returns.

To stay ahead in the stock market and capitalise on key opportunities, access our free report on our 10 TOP ASX PENNY STOCKS TO BUY IN FY24 which we think might perform well, click on the “get your free report” button to access your free report.

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About VEYE

At Veye, we understand that making investment decisions can be a daunting task. That’s why we offer comprehensive market research on ASX stocks to help investors navigate the complexities of the market and make informed decisions about buying, selling or holding stocks.

Our team of expert analysts conducts rigorous research and analysis to provide unbiased recommendations on a range of stocks across various industries. Our reports are designed to be accessible to all investors, regardless of their level of experience or financial expertise.

Our research is conducted with a focus on accuracy and objectivity, ensuring that our clients receive the most reliable and trustworthy information possible about individual stocks.

Disclaimer

 

Veye Pty Ltd only provides general, and not personalised financial advice, and has not taken your personal circumstances into account. Veye Pty Ltd operates under AFSL 523157. For more information please see our Financial Services Guide. Please remember that investments can go up and down. Any past performance shown is not an indication of Future Returns. Commission and other costs charged by executing broker are not considered when calculating past performance. We request our readers not to interpret our reports as direct recommendations. Veye Pty Ltd does not guarantee the performance of, or returns on any investment.