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Home » Penny Stock Picks » 20 Low Float Penny Stocks to Watch in 2022

20 Low Float Penny Stocks to Watch in 2022

James Kelly - July 5, 2020 - Affiliate Disclosure

Trading low float penny stocks is a common strategy among day traders looking to profit from explosive price movements. With the potential for bigger gains comes risks you need to understand before diving in.

Below I have put together a list of 20 low float small caps worth watching in 2020. I only picked companies that trade on legitimate exchanges – Nasdaq, NYSE and AMEX. Be warned though, these type of stocks are risky even for experienced trader.

Low Float Penny Stocks
Ticker Company  Exchange Float S/O
CRDF Cardiff Oncology Nasdaq 8.56m 9.91m
RFIL RF Industries, Ltd Nasdaq 8.46m 9.71m
LOAN Manhattan Bridge Capital, Inc Nasdaq 6.86m 9.65m
AVCT American Virtual Cloud Technologies Nasdaq 3.69m 7.94m
RKDA Arcadia Biosciences Nasdaq 8.41m 8.65m
EDNT Edison Nation Nasdaq 4.46m 8.18m
MDIA Mediaco Holding Nasdaq 1.49m 7.08m
ANVS Annovis Bio AMEX 4.06m 4.60m
TSRI TSR, Inc Nasdaq 0.86m 1.96m
USEG U.S. Energy Corp Nasdaq 0.57m 1.36m
NTN NTN Buzztime, Inc AMEX 2.41m 2.90m
CHCI Comstock Holding Companies Nasdaq 2.16m 8.00m
WISA Summit Wireless Technologies Nasdaq 3.22m 7.71m
CTIB Yunhong CTI Ltd Nasdaq 2.09m 3.97m
DPW DPW Holdings AMEX 4.79m 5.77m
ENT Global Eagle Entertainment Nasdaq 2.99m 3.72m
ICD Independence Contract Drilling NYSE 3.43m 3.75m
GRIL Muscle Maker, Inc Nasdaq 2.80m 8.12m
SGLB Sigma Labs, Inc Nasdaq 2.80m 3.09m
AMRH Ameri Holdings, Inc Nasdaq 2.75M 3.18M

What is a low float stock?

Low float stocks are publicly traded companies that have a low number of shares outstanding, typically anything below 15 million shares is defined as a low float stock. This includes shares owned by all shareholders – CEO’s, directors and institutional investors etc. They are known as “restricted” and aren’t on offer to the public.

What are float shares?

The “float” is the number of shares freely available for the public to trade. The lack of supply is regarded as a positive by traders because it takes less volume to impact a stocks price. Typically penny stocks are highly diluted with companies having billions of shares outstanding, meaning it will take massive volume to move the price.

Penny stock are volatile assets, the low float element compounds the risk resulting in rapid price movements based on good or bad news. This is why it’s vital to perform in-depth technical and fundamental analysis to ensure you spot trends before they happen.

Two most important elements to low floats

1. High Volume

Trading volume is an important indicator to follow because there needs to be enough shares traded so you can easily enter and exit a trade. A minimum of 100,000 shares traded per day would be a good starting point. You don’t want to be left holding the bag.

2. News Catalyst 

A news catalyst is the publicity that drives a penny stocks price, this is where the ability to research stocks and judge the impact of news is key. An example of a news catalyst would be a strong earnings report or a partnership with a bigger company.

James Kelly
James Kelly

James Kelly is my name and penny stocks are my game! Former day trader turned long-term investor with a decade of experience in the market. Over the years, I’ve joined dozens of trading services and I aim to provide honest reviews to help traders make better decisions!

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