7 Penny Stocks if You Believe Lady Luck's on Your Side

Core Viewpoint - The article discusses speculative penny stocks, highlighting their high-risk nature and potential for significant returns, emphasizing the trade-off between predictability and potentiality in investment choices [1]. Company Summaries Akoustis Technologies (AKTS) - Akoustis Technologies operates in the communications equipment sector, focusing on RF filter products for mobile devices, with shares closing at 58.5 cents [2]. - Analysts have a moderate buy consensus with an average price target of $1, indicating a 71% upside potential [2]. - Expected loss per share is projected to improve from 88 cents to 67 cents, with revenue anticipated to reach $32.86 million, a 21.2% year-over-year increase [3]. FTC Solar (FTCI) - FTC Solar provides solar tracker systems and services, closing at 51 cents [5]. - The consensus among analysts is a moderate buy, with an average price target of 99 cents, suggesting over 94% upside potential [5]. - Loss per share is expected to improve from 30 cents to 16 cents, with projected revenue of $158.93 million, a 25.1% increase from fiscal 2023 [6]. Gold Resource (GORO) - Gold Resource is involved in gold and silver mining, priced at 56 cents [7]. - One analyst rates it a buy with a price target of $1.50, indicating a potential upside of nearly 168% [7]. - Revenue for the current fiscal year is projected to average $85.99 million, with a high-side target of $105.3 million [8]. Arbe Robotics (ARBE) - Arbe Robotics specializes in 4D imaging radar solutions for the automotive sector, with shares rated a strong buy and an average price target of $3.50 [10]. - The average loss per share for fiscal 2023 was 16.8 cents, but revenue is expected to grow to $1.65 million in fiscal 2024, a 12.2% increase [11]. Stem (STEM) - Stem operates in the renewable energy storage sector, with a moderate buy consensus and an average price target of $3.63, implying over 96% upside potential [12]. - The company reported a quarterly surprise of 23.45% below expectations, but revenue for fiscal 2024 is projected to reach $672.15 million, a 45.6% increase from the previous year [13]. Microvast (MVST) - Microvast focuses on battery technologies for electric vehicles, priced at just under 52 cents [14]. - Analysts rate it a moderate buy with a price target of $3.33, indicating over 542% upside potential [14]. - Revenue for fiscal 2024 is expected to reach $349.13 million, a 13.9% growth from the previous year [15]. Gevo (GEVO) - Gevo operates in the specialty chemicals sector, trading at 71 cents [16]. - The company has faced challenges, with a quarterly surprise of 40% below expectations, but revenue is projected to grow to $19.87 million in the current fiscal year, a 15.5% increase [17].