Penny Stocks To Watch Now – May 3rd

Polyrizon, Wolfspeed, and Freight Technologies are the three Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are shares of small public companies that typically trade for less than $5 per share, often on over-the-counter markets or less-regulated exchanges. Because they’re issued by firms with low market capitalizations, these stocks tend to have limited liquidity and can exhibit extreme price volatility. Investors may be drawn by the potential for rapid gains, but penny stocks carry a high risk of significant losses. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Polyrizon (PLRZ)

Polyrizon Ltd. is a development stage biotech company specializing in the development of medical device hydrogels delivered in the form of nasal sprays. Polyrizon Ltd. is based in Raanana, Israel.

Shares of PLRZ traded up $0.76 during mid-day trading on Friday, reaching $1.01. The company had a trading volume of 356,313,595 shares, compared to its average volume of 4,641,090. The business’s 50 day moving average price is $0.51. Polyrizon has a 1-year low of $0.25 and a 1-year high of $4.80.

Wolfspeed (WOLF)

Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

Wolfspeed stock traded up $0.88 during mid-day trading on Friday, reaching $4.48. The company had a trading volume of 79,770,981 shares, compared to its average volume of 14,012,563. The business has a fifty day simple moving average of $4.04 and a 200 day simple moving average of $6.93. The company has a market cap of $572.15 million, a P/E ratio of -0.58 and a beta of 1.69. Wolfspeed has a fifty-two week low of $2.06 and a fifty-two week high of $30.86. The company has a current ratio of 3.15, a quick ratio of 2.47 and a debt-to-equity ratio of 17.26.

Freight Technologies (FRGT)

Freight Technologies, Inc., through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform.

Shares of FRGT traded up $1.10 during trading hours on Friday, reaching $2.08. The stock had a trading volume of 163,273,053 shares, compared to its average volume of 1,338,614. Freight Technologies has a 12 month low of $0.71 and a 12 month high of $42.50. The company’s 50-day moving average is $1.14 and its two-hundred day moving average is $1.43.