10 TOP ASX PENNY STOCKS TO BUY IN 2023

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

The stock market is at its all time high. The most common dilemma of the investors at such times is whether to invest now or wait for correction. Because all this while you waited for the most opportune moment to start investing.

Such new highs are not uncommon. If you avoid getting in at such times while waiting for a market correction, it might result in loss of opportunity.

As per a famous Warren Buffet quote “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”

Are you aware that Netflix went public on May 23, 2002, and an investment of $1,000 on Netflix's IPO, would have grown to over $528,000 after stock splits as of August 2021? That's a gain of 52,810% over 19 years.

Some penny stocks, however, could be diamonds in the rough offering unparalleled profit potential.

This is where Veye can come to your aid, separating grain from the chaff, it identifies stocks which are undervalued at a particular time or the ones which have untapped future potential.

With our expertise in technical and fundamental analysis 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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Recommendations by experts with 20+ years of stock market experience on the whole

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Coverage of Multiple Sectors including technology, healthcare, finance, and energy

Some of the stocks recommended by veye were

Note: Return on these companies has been calculated until 30th sep 2021. Not every company performs as expected. Past performance is not an indication of future returns.

If you want to stay ahead in the stock market and reap maximum benefits, access your free report on our top picks for FY23 which we think might perform well, click on “get your free report now” 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.