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These stocks under a $1 are too good to miss

During COvid-19, the general economic climate saw a drastic change, especially for blue-chip stocks and stocks under $1. There have been new strains of the disease emerging recently, so the disease is still spreading around the world.

As a result of these concerns, market volatility and uncertainty have increased. In spite of blue-chip stocks being flat, stocks under $1 have performed well. It is relatively easy to gain intraday profits from penny stocks because there is little regulation.

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The best stocks under $1 are not only volatile but also provide opportunities to profit from fluctuating stock markets. Volatility and unpredictability can make stocks under $1 risky investments for those who don’t understand them.

Making a wise investment decision requires researching relevant stocks. Stocks under $1 can generate returns comparable to those of Fortune 500 stocks if you learn how to manage metrics and fundamentals carefully.

Here are the best stocks under $1 we’ve found.

Palatin Technologies Inc. (PTN)’s stock price was $0.55 at the previous market close, with its latest volume reaching 2.09 million. Compare that to its average daily volume of 8.54M. Given the fact that this stock has 238.23M shares outstanding, its current market value is sitting at $0.54.

Wall Street analysts tracking the Palatin Technologies Inc. (AMEX: PTN) stock on daily basis. Out of 3 analysts, 3 deeming the stock a Buy and 0 gave it a rating of OVERWEIGHT. Another 0 recommended that PTN is a HOLD, while 0 rated it UNDERWEIGHT and the 0 recommended SELL. If we look at the broader picture, the above ratings give the stock an average analyst rating of 1.30.

GEE Group Inc. (AMEX: JOB) is currently trading at around $0.53, a price level that means its value has jumped 36.05% higher than its 52-week low. In intraday trading, job shares have hit a high of $0.55 and a low of $0.50. The last 52 weeks have seen the company’s shares touch a high of $2.17 and a low of $0.39, while the recent trading session has witnessed an intraday change of just 5.55%.

According to WSJ, GEE Group Inc. (AMEX: JOB) obtained an estimated Buy proposal from the 1 brokerage firm currently keeping a deep eye on the stock performance as compared to its rivals. 0 equity research analysts rated the shares with a selling strategy, 0 gave a holding approach, 1 gave a purchase tip, 0 gave the firm overweight advice, and 0 put the stock under the underweight category. The average price goal of one year between several banks and credit unions that last year discussed the stock is $2.00.

Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN) does about 1.23M shares in volume on a normal day but saw 1.58 million shares change hands in Wednesday trading. The company now has a market cap of $39.72 million. Its current market price is $0.40, marking an increase of 11.60% compared to the previous close of $0.36. The 52 week high reached by this stock is $1.85 whilst the lowest price level in 52 weeks is $0.34. The script in recent trading has seen the stock touched a high of $0.46 and a low of $0.348.

Out of a total of 1 brokerage that is currently covering Diffusion Pharmaceuticals Inc. (DFFN) stock, the average recommendation is “Hold” according to WSJ. 0 equities research analyst has rated the stock with an “Overweight” recommendation, 0 analysts have given this stock a “Buy” recommendation, 1 analyst have recommended that investors “Hold” this stock, and 0 analysts have given this stock a “Sell” rating and 0 suggested “Underweight”. Analysts’ average 1-year price target, among all the brokerages, is $2.00.

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