Penny stocks in the technology and biotech sectors have seen limited price movement in 2023 due to rate hikes and funding issues. However, with cooling inflation and potential interest rate cuts, these penny stocks could offer significant upside potential.
While not all penny stocks are created equal, many are unprofitable companies aiming to achieve breakeven and earnings growth. These stocks come with higher risk and the potential for higher returns, appealing to investors who embrace this tradeoff.
Read on to consider three penny stocks that could potentially rebound over the next year.
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