These 10 "Penny" AI Stocks Are Up 51% With Lots Of Room To Run

TM Editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

Photo by Brett Jordan on Unsplash

An analysis of the 120 stocks in the AI and AI-related sector reveals that 55% of them have market capitalizations averaging $278B each and trade for an average of $208 each. If you are looking to invest in lesser value stocks consider one of the remaining 45% stocks which have market capitalizations of $105M on average and average stock prices of $1.41. To help you determine which, if any, of those micro-cap companies might interest you please find below a short list of 10 "penny" stocks with market capitalizations of $47M or more to consider. None are being recommended, per se but, rather, are highlighted as possible opportunities to profit from the speculative frenzy in AI and AI-related stocks. Access the stock symbols provided to do your own research.

penny stock refers to a small company's shares that typically trade for lower than $5 per share. Penny stocks are usually considered high-risk investments due to their low price, lack of liquidity, small market capitalization and wide bid-ask spread. Most penny stocks trade via over-the-counter transactions. Source

The short-list below of 10 penny stocks in the sector provides a profile of each, their current market capitalizations, and their stock performances, in descending order, from their lows in late April/early May until last Friday, July 14th. All currency are in USD.

  1. QuantGate Systems (QGSI): UP 650% since April 28th
    • Sector: Information Technology
    • Market Capitalization: $54M
    • AI Information: delivers advanced SaaS-based Fintech solutions and seamless API integration with the use of AI, Machine Learning, and proprietary big-data processing algorithms
    • Stock Price: $0.15
    • Short Interest: NA
  2. Ideanomics (IDEX): UP 350%
    • Sector: Industrials
    • Market Capitalization: $71M
    • AI Information: provides fintech services that include intelligent and innovative solutions powered by AI and blockchain
    • Stock Price: $0.09
    • Short Interest: 11.4%
  3. Knightscope (KSCP): UP 254%
    • Sector: Industrials
    • Market Capitalization: $100M
    • AI Information: is a security technology company that builds fully autonomous security robots that deter, detect and report
    • Stock Price: $2.16
    • Short Interest: 10.9%
  4. Rekor Systems (REKR): UP 206% 
    • Sector: Information Technology
    • Market Capitalization: $169M
    • AI Information: leverages AI, machine learning, and holistic data to support the intelligent infrastructure for transportation management, public safety, and urban mobility markets
    • Stock Price: $3.16
    • Short Interest: 7.5%  - A high short interest signals that investors have become more bearish and may be getting ready to sell and, as such, that it may be time to liquidate a long position.
  5. SoundHound AI (SOUN): UP 53.5% 
    • Sector: Information Technology
    • Market Capitalization: $802M
    • AI Information:  develops independent voice AI platforms that enable businesses across industries to deliver high-quality conversational experiences to their customers
    • Stock Price: $3.47
    • Short Interest: 8.7%
  6. Verses AI (VRSSF): UP 42.2%
    • Sector: Information Technology
    • Market Capitalization: $213M
    • AI Information: a cognitive computing company that develops network operating systems for enabling distributed intelligence and an AI assisted order picking solution
    • Stock Price: $1.45
    • Short Interest: NA
  7. Butterfly Networks (BFLY): UP 28.9% 
    • Sector: Health Care
    • Market Capitalization: $516M
    • AI Information: is reinventing itself based on generative AI, which will help develop medical devices and deliver customer service
    • Stock Price: $$2.32
    • Short Interest: 16.1%
  8. ReWalk Robotics (RWLK): UP 23.4%
    • Sector: Health Care
    • Market Capitalization: $47M
    • AI Information: is a medical device company that designs, develops, and commercializes robotic exoskeletons for individuals with mobility impairments or other medical conditions
    • Stock Price: $0.79
    • Short Interest: 1.7%
  9. One Stop Systems (OSS): UP 15.8% 
    • Sector: Information Technology
    • Market Capitalization: $58M
    • AI Information: designs and manufactures innovative edge computing modules and systems for AI Transportable applications
    • Stock Price: $2.86
    • Short Interest: 0.5%
  10. Veritone (VERI): UP 10.3%
    • Sector: Information Technology
    • Market Capitalization: $157M
    • AI Information: develops and operates an AI operating system that uses machine learning algorithms, AI models and human cognitive functions
    • Stock Price: $4.03
    • Short Interest: 12.2%


The average market capitalization of the above 10 stocks is $218M and they are UP 50.9% since the end of April.


Given that the AIQ ETF of 92 AI and AI-related AI stocks is UP 26.5% since the end of April and the 11 stocks in the AI Bubble Portfolio (see here) are UP 79.3% since then it suggests that there is an opportunity for considerable upside in the "Penny" AI Stocks Portfolio going forward.  We will report on its progress on a weekly basis.

More By This Author:

These 17 Major AI Companies Are Not In A Bubble - At Least Not Yet
These 8 Fringe ETFs Are Up 5% On Average MTD
Largest Canadian Cannabis Stocks Down 4% Last Week; Now Down 47% YTD

Disclosure: None

Visit and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.