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As the Australian market braces for key inflation data from the ABS, with the ASX 200 futures slightly down, investors are keenly observing economic indicators and company performances. In such a climate, understanding what makes a stock appealing is crucial—particularly when it comes to penny stocks. Despite their old-fashioned moniker, these smaller or newer companies can offer significant value when they possess strong financials and growth potential.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
LaserBond (ASX:LBL) | A$0.62 | A$72.68M | ★★★★★★ |
Embark Early Education (ASX:EVO) | A$0.795 | A$145.87M | ★★★★☆☆ |
MaxiPARTS (ASX:MXI) | A$1.85 | A$102.34M | ★★★★★★ |
Helloworld Travel (ASX:HLO) | A$1.77 | A$285.11M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.535 | A$331.78M | ★★★★★☆ |
Navigator Global Investments (ASX:NGI) | A$1.73 | A$847.84M | ★★★★★☆ |
Perenti (ASX:PRN) | A$1.17 | A$1.08B | ★★★★★★ |
Atlas Pearls (ASX:ATP) | A$0.14 | A$61M | ★★★★★★ |
EZZ Life Science Holdings (ASX:EZZ) | A$3.40 | A$151.04M | ★★★★★★ |
Joyce (ASX:JYC) | A$4.21 | A$124.18M | ★★★★★★ |
Click here to see the full list of 1,034 stocks from our ASX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Kogan.com
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Kogan.com Ltd is an online retailer operating in Australia with a market cap of A$481.32 million.
Operations: The company's revenue is derived from its Australian operations, with A$277.82 million from Kogan Parent and A$11.20 million from Mighty Ape, as well as its New Zealand operations, contributing A$35.35 million from Kogan Parent and A$135.34 million from Mighty Ape.
Market Cap: A$481.32M
Kogan.com Ltd has recently turned profitable, reporting a net income of A$0.083 million for the year ending June 30, 2024, compared to a loss the previous year. Despite declining sales from A$489.49 million to A$459.7 million, the company remains debt-free with strong short-term asset coverage over liabilities and stable weekly volatility at 6%. The board and management are experienced with average tenures of 8.4 and 13.9 years respectively. Kogan.com completed a significant share buyback program in August, enhancing shareholder value by repurchasing nearly 10% of its shares since April 2023 for A$51.8 million.
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Take a closer look at Kogan.com's potential here in our financial health report.
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Assess Kogan.com's future earnings estimates with our detailed growth reports.
OFX Group
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: OFX Group Limited offers international payments and foreign exchange services across the Asia Pacific, North America, Europe, the Middle East, and Africa with a market cap of A$353.94 million.