3 Long-Term Penny Stocks to Buy
Penny stocks are often thought of as a high-risk investment. But there are some long-term penny stocks that can be worth the investment.
Here are five things to look for when considering long-term penny stocks:
- A long history of profitability.
- Growth of earnings and sales.
- Strong competitive advantages.
- A solid management team.
- A stock that is trading at a discount to its intrinsic value.
If you can find long-term penny stocks that meet these criteria, then you may have found a winner. One that can provide you with years of profits.
Penny stocks are a great way to get started in the stock market. They offer investors a chance to get in on the ground floor of new and exciting companies. However, penny stocks are also notoriously volatile. So, it is important to do your homework before investing.
If you are thinking about investing in penny stocks? One strategy is to focus on long-term prospects. Look for companies with sound financials and a history of growth. These stocks may be more expensive than some penny stocks. But they are also less likely to experience the same wild swings in price.
Of course, no stock is guaranteed to go up in value. So, it is important to diversify your portfolio and not put all your eggs in one basket. But you are probably looking for long-term growth potential. If you are, focusing on long-term penny stocks is a good place to start.
No. 3 Canopy Growth (Nasdaq: CGC)
Canopy Growth is one of the largest producers of medical and recreational cannabis. In. The. World. The company has a strong presence in both Canada and the United States. And it is expanding its operations into Europe and Latin America. Canopy Growth is also one of the leaders in CBD products. Plus, it has developed a line of products that are sold in over 10,000 stores across North America.
The company founded in 2014, and it has been one of the fastest-growing companies in the industry. Canopy Growth lists on the Nasdaq. In addition, it has a market capitalization of over $2 billion USD.
The company has posted strong financial results in recent years. In addition, its sales have been growing at a rapid pace. In 2020, Canopy Growth reported revenue of $300 million, which was a 49% increase from the previous year.
Looking ahead, Canopy Growth is well-positioned for continued growth. The company is expanding its operations into new markets. And it is launching new products expected to drive sales higher. Canopy Growth is also benefiting from the increasing demand for cannabis products globally. So, Canopy Growth has a strong financial position and a long runway for growth. They are one of the best long-term penny stocks to buy.
No. 2 Curiosity Stream (Nasdaq: CURI)
You are looking for a long-term penny stock with big upside potential. So, you will want to check out Curiosity Stream. The company is a leading streaming service for documentaries and non-fiction programming. And it is in a good position to enjoy the growing popularity of this type of content.
Curiosity Stream was founded by John Hendricks, the man behind Discovery Channel. He saw an opportunity to create a dedicated streaming service. And he did so for high-quality educational and entertaining content. Furthermore, the company has quickly become one of the most popular streaming services around.
Curiosity is currently available in over 190 countries. And it offers content in sixteen different languages. In addition, it has a library of over 2,000 titles, which are all available to stream on demand.
What’s more, Curiosity Stream is completely ad-free. It is one of the few that are. That means you can enjoy programming without having to sit through commercial breaks.
In short, Curiosity Stream is definitely worth considering.
Long-Term Penny Stocks No. 1 Jumia Technologies (NYSE: JMIA)
Jumia Technologies is one of the leading online platforms in Africa. And they have a mission to improve the quality of life of Africans by empowering them to shop and sell online. It was founded in 2012 by two entrepreneurs who saw the potential of the African market and wanted to tap into it. Today, it is present in 14 African countries. This includes Nigeria, Ghana and Senegal. The company has over seven million active customers on its platform and continues to grow at a rapid pace.
Here is one of the reasons why Jumia is a long-term penny stock. The immense growth potential of the African market. With a population of over one billion people, Africa is a continent with a lot of untapped potential. Jumia is one of the few companies that is well-positioned to take advantage of this growth. The company has a strong team of experienced executives and a solid business model.
Another reason to consider Jumia as a long-term penny stock is its strong financial position. The company is backed by some of the leading venture capitalists in the world. Including Goldman Sachs, Orange, and MTN Group. Jumia has also raised over $1 billion in funding to date. Which gives it the resources it needs to continue growing at a rapid pace.
So, if you are looking for a long-term penny stock with a lot of growth potential? Then Jumia Technologies is definitely worth considering.
Final Thoughts on These 3 Long-Term Penny Stocks
All three of these long-term penny stocks offer investors a lot of upside potential. They are all leaders in their respective industries. And they have strong long-term growth prospects.
Canopy Growth is a leading cannabis company. And it is one that is definitely benefiting from the increasing demand for cannabis globally.
Curiosity Stream is a leading streaming service for documentaries and non-fiction programming. And it is in a good position to enjoy the growing popularity of this type of content.
And Jumia Technologies is one of the leading online platforms in Africa. Plus, they have a mission to improve the quality of life of Africans by empowering them to shop and sell online.
All these are huge advantages in the economy right now. So, if you are looking for long-term investments with big upside potential? Then these are three stocks that you should definitely consider.