3 Millionaire-Maker Penny Stocks Set to Surge by 1,000%: June Edition

Core Insights - The article discusses the potential of "millionaire-maker penny stocks" while emphasizing the inherent risks associated with investing in them [1] Group 1: Accuray Inc. (ARAY) - Accuray reported a loss of $6.3 million, or six cents per share, compared to a profit of one cent per share a year ago, which was wider than analyst expectations [2] - Revenue fell 14.3% year over year to $101.1 million, missing the forecast of $113.65 million [2] - Despite the losses, gross orders increased by 21% to $89.1 million, improving the book-to-bill ratio from 1.2 to 1.8 [2] - Board Chair Joseph Whitters purchased 100,000 shares at $1.56 each, totaling approximately $156,050 [2] - The stock showed strong support around $1.50 and was last traded at $1.85, with a target to refill the gap at around $2.10 [2] Group 2: BigBear.ai (BBAI) - BigBear.ai's stock price declined from a high of about $4.75 in March to a low of $1.40 [4] - The company reported a 21.4% drop in revenue to $33.1 million, with losses tripling to 67 cents per share, exceeding forecasts of a six-cent loss [4] - The acquisition of Pangiam, which specializes in facial recognition, is expected to broaden BBAI's client base beyond government sectors [4] - Director Pamela Braden bought 140,939 shares at $1.49 each, totaling about $210,000 [4] - The stock may have potential for recovery given the negativity priced in and the expansion of client reach [4] Group 3: Altus Power (AMPS) - Altus Power, a clean electrification company, last traded at $4.40 and is beginning to break out from consolidation [5] - The company reported a 38% year-over-year revenue increase to $40.7 million, with adjusted EPS of five cents, up 66.7% year over year [5] - CEO Gregg Felton purchased 33,285 shares at an average price of $4 each, totaling about $133,140, following previous purchases in late May and March [5] - The stock is expected to refill its bearish gap at around $6 [5]