Key Factors
The general market is simply 1.5% from its all-time excessive, up over 4% this month, resulting in elevated hypothesis in small-cap penny shares.
Retail traders’ curiosity in small-cap shares has surged following the meme mania earlier this month regardless of the inherent dangers of volatility, low quantity, and weak fundamentals.
As we speak, Good for Life Inc., Momentus Inc., and Sharps Know-how, Inc. noticed spectacular quantity and worth will increase pushed by numerous strategic bulletins and constructive developments.
5 shares we like higher than Good for Life
As the general market trades simply 1.5% away from its all-time excessive and up over 4% on the month, there was a noticeable enhance in danger urge for food and hypothesis in small-cap penny shares by retail traders. This surge in curiosity follows the meme mania skilled earlier within the month. Nevertheless, buying and selling or investing in small-cap shares has elevated dangers because of heightened volatility, small floats, low common volumes, and usually weak fundamentals.
Listed below are three penny shares which have seen spectacular irregular quantity and worth surges right this moment:Get Good for Life alerts:Signal Up
Good for Life Inc. 
$3.70 -2.27 (-38.02%) (As of 12:57 PM ET)52-Week Vary$2.27▼$90.71
Good for Life NASDAQ: SMFL acquires, develops, manufactures, operates, markets, and sells nutraceutical and associated merchandise in america and internationally.
As we speak, the inventory skilled a dramatic surge, buying and selling 25 million shares in comparison with its common every day quantity of simply 800k. This elevated buying and selling exercise propelled the inventory worth upwards by over 50%. The catalyst for this motion was the corporate’s announcement of finishing a complete restructuring plan. The plan included a number of strategic adjustments reminiscent of recapitalization, promoting non-performing property, promoting and leasing again its Doral manufacturing facility, promoting 51% of Ceautamed Worldwide, and liquidating its senior debt facility with Diamond Creek Capital.
Regardless of the constructive information, Good for Life remains to be down 50% year-to-date and has a historical past of closing weak after quantity surges. The inventory’s volatility is amplified by its micro float of beneath 500k shares, sustaining an general downtrend on the next timeframe.
Momentus Inc. 
$0.82 -0.05 (-5.43%) (As of 12:58 PM ET)52-Week Vary$0.35▼$23.48
Momentus NASDAQ: MNTS and its subsidiaries function as a business house firm, offering in-space transportation providers.The inventory noticed a major enhance in buying and selling quantity, with over 40 million shares traded right this moment, far exceeding its common every day quantity of 178k. This surge resulted within the inventory worth rising by over 11%. The driving power behind this enhance was the announcement that Momentus secured a contract from the Protection Superior Analysis Tasks Company (DARPA). This contract goals to help the design and in-space demonstration of applied sciences that may allow the development of large-scale buildings in house.
Nevertheless, it is necessary to notice that the inventory has been in a major downtrend, down over 60% year-to-date and almost 90% on the yr. The inventory’s small float of simply 16 million shares contributes to its worth volatility, making it a high-risk funding.
Sharps Know-how, Inc. 
STSSSharps Know-how$0.42 -0.05 (-11.21%) (As of 12:57 PM ET)52-Week Vary$0.17▼$1.05
Sharps Know-how NASDAQ: STSS is a medical machine firm that researches, designs, develops, manufactures, distributes, and sells security syringe merchandise.
The inventory broke its main downtrend this week and skilled a notable surge in quantity, buying and selling over 90 million shares right this moment, in comparison with its common quantity of 17 million shares. This exercise pushed the top off by nearly 20% right this moment and over 100% on the week. The latest surge was pushed by the corporate’s announcement of a 5-year, $200 million syringe gross sales settlement and an modification to an asset buy settlement to start producing pre-fillable specialty copolymer syringes within the U.S.

The Backside Line
The broader market’s momentum and spectacular endurance, in addition to the resurgence of danger urge for food amongst retail traders, have led to important curiosity in small-cap penny shares. Nevertheless, whereas many of those shares have proven spectacular quantity and worth surges, they arrive with substantial dangers. It is essential for traders to train warning and take into account the potential for prime volatility and the probability of share dilution when investing in these shares. Being knowledgeable, conducting thorough due diligence, and being ready is essential to navigating penny shares’ unpredictable and unsure world.Earlier than you take into account Good for Life, you may need to hear this.MarketBeat retains observe of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they advocate to their shoppers each day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Good for Life wasn’t on the record.Whereas Good for Life at the moment has a “maintain” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.View The 5 Shares Right here With common positive factors of 150% because the begin of 2023, now could be the time to offer these shares a glance and pump up your 2024 portfolio.Get This Free Report