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These 3 Penny Stocks Are Primed for Takeoff

The 3 best penny stocks to buy right now include Baytex Energy (BTE), Ondas Inc (ONDS), and Intellicheck Inc (IDN) thanks to their revenue and earnings growth potential.

Baytex Energy (BTE)

Up over 72% in the past 6 months, Baytex Energy stock sports an attractive valuation with a price to sales ratio of around 2; particularly given revenue growth forecasts of +35% over the next two years. Analysts are currently rating BTE a Hold with a +3% one year price forecast on average. However, insiders are loading up on the stock right now despite Baytex beating just 3 of their last 8 earnings calls.

For these reasons, we put BTE as a medium risk, high reward stock and have it rated a Buy with a +79% one year price forecast.

Ondas Inc (ONDS)

Up over 1000% in the past year, Ondas maintains a Strong Buy rating among analysts with a +92% 1 year upside price target on average. ONDS has recently been able to improve their Price to Sales bringing it down to 9 (although this is still extremely high) – but given their forecasted earnings growth we see this as mostly justified. That said, they have missed their last 3 earnings calls and it does seem like insiders are mostly on the sell side right now.

This stock is great for investors that want the excitement that comes with a high risk, high reward security who can wait for Ondas to mature and secure larger defence contracts. We currently have Ondas rated as a Strong Buy with a one year price forecast of +168%.

Intellicheck Inc (IDN)

Up 103% in the past year, IDN is a great choice for penny stock investors given its EPS growth forecasts relative to its valuation. With a price to sales around 5, one would hardly call this a good deal on it’s face; however, with analysts projecting a 175% increase in EPS over the next 2 years that valuation starts to look pretty reasonable.

IDN has beat all 4 of their last earnings calls and analysts are calling for a +48% price increase over the next year with an average rating of a Strong Buy. We have put IDN as a medium risk, high reward stock and have it rated a Buy with a +185% one year upside.

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