2 Penny Stocks That Are Expected to Grow

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Since the inception of the COVID-19 pandemic, the stock market has been experiencing significant issues. The ineptitude has prompted some investors to panic, while others are staunch enough to view all these issues as massive buying opportunities, and capitalize on them for their own benefit.

Low-priced stocks – called “penny stocks” (priced at $5 and below) – are a favorite among conservative, as well as persistent investors. These stocks present a good investment, as even a slight increase in the market value of these securities could yield good returns.

So, how can we choose good penny stocks? Read on to find out about two promising stocks.

1. Xeris Pharmaceuticals (XERS)

Xeris Pharmaceuticals is based on an innovative technology platform that offers solutions for injectable and infusible therapies that simplify the process. Despite a serious sell-off at the end of June (at one point there was a loss coming in at 49%), its new $2.59 share price allows investors to go ahead and purchase these promising shares.

Analyst David Amsellem believes that is XERS underestimated as their innovative technologies are going to help adult patients with type 1 diabetes. Their cross-over study with 18 adult participants has proven that there was a 62% decrease in hyperglycemia in subcutaneous injections (SC) of XP-3924 (XERS innovation) comparing to injections of insulin alone. This gives the analytics and investors hope that the company’s future is going to be marked by rapid growth.

In the future Amsellem expects the company to look for a development partner in order to enhance the production capabilities of XERS and overall business growth. Amsellem thinks it’ll bring the shares to $11 price target (it 326% growth!), and other experts (from TipRanks, for example) agree.

2. Avinger (AVGR)


Avinger is a company that designs medical devices for diagnosis and treatment of patients with Peripheral Artery Disease (PAD). The current price is only $0.29 apiece, which makes it a very promising investment.

Nathan Weinstein from Aegis Capital thinks that the company’s recent capital raise due to equity financing combined with their efforts to cut operating costs has significantly strengthened its position despite the challenges AVGR had to face due to coronavirus. The analyst believes that eventually there will be a return to normalcy in both patient volumes and ordering activity.

Weinstein’s optimistic outlook implies a $1.40 price target, which is essentially a twelve-month gain of 368% compared to the current levels. It’s important to note that his opinion is shared by others, judging by the information from TipRanks.

2 Penny Stocks That Are Expected to Grow

Penny stocks offer the potential of high rewards, but also contain a high amount of risk. Investing in these volatile stocks can be a tricky situation, so to maximize your chances of success you need to make sure you are doing your research to identify penny stocks that have the most potential for growth. Here are two penny stocks to consider for your portfolio.

IP Group Plc (IPG)

IP Group Plc (IPG) is a British venture capital firm that provides funding for early-stage technology companies. The company has invested in more than 100 companies over the years, many of which are now household names. IPG has a strong track record of producing successful investments and is one of the best-performing penny stocks of 2021.

Kandi Technologies Group Inc (KNDI)

Kandi Technologies Group Inc (KNDI) is a Chinese electric vehicle (EV) manufacturer. Since the start of 2021, its stock has seen an impressive increase in price as investors have become increasingly bullish on the idea of investing in the still emerging EV market. KNDI has seen revenue growth of 43.90% over the last year and its stock is now trading at an all-time high.

Frequently Asked Questions about “2 Penny Stocks That Are Expected to Grow”

What are penny stocks?

Penny stocks are stocks that are offered on the stock market for less than $5 per share. These stocks offer higher risk and higher return potential than other stocks and investments. They can be an attractive option for investors looking to diversify their portfolio.

What choices should I make when investing in penny stocks?

When investing in penny stocks, it is important to do your research and make sure that the stocks you are investing in have the potential to grow and provide a return on your investment. You should also consider the underlying fundamentals of the company, its financials, and the industry it is operating in.

Are there any particular risks I should be aware of when investing in penny stocks?

Yes, there are certain risks that all investors need to be aware of when investing in penny stocks. These stocks tend to be highly volatile and there is a higher risk that you could lose all or part of your investment. Therefore, you should only invest in penny stocks if you are comfortable with the amount of risk involved.


Penny stocks have the potential to deliver high rewards, but it is important to understand the associated risks before you decide to invest. IP Group Plc (IPG) and Kandi Technologies Group Inc (KNDI) are two penny stocks with potential for growth. Before investing in any penny stocks, make sure to do your research, consider the underlying fundamentals, and be comfortable with the level of risk associated with these volatile stocks.