One of the easiest way to find undervalued penny stocks is to use a free penny stock screener. A good screener lets you search a variety of filters to create a powerful, personalized list of bargain penny stock buys.
Best of all, they are free to use and you can access them at anytime by logging onto the internet. Every screener isn't created equal, so I listed my reviews of Top 10 favorite online stock screen tools.
Which is the Best Penny Stock Screener?
Yahoo! offers a powerful stock tool that lets you short your results by:
- Share Data
- Sales and Profitability
- Valuation Ratios
- Analyst Estimates
Remember to set the “Share Price” to $10 max to only retrieve penny stocks.
MarketWatch's screener is the most web 2.0 like of the bunch. You can sort the results based on:
- Exchange & Industry
MarketWatch gives you the most control over your results better than any other stock tool. Remember to activate stocks “trading from $1 to $10” to only show penny stocks.
MorningStar's tool is more suited for mutual fund investors, but you can ignore the MorningStar ratings to return some incredibly accurate penny stock recommendations. You can sort the results by:
- Stock Basics
- MorningStar Stock Grades (Optional)
- Company Performance
- Stock Performance
Morningstar lacks a trading price function, so limit the market capitalization to $1 billion.
Investing.com is one of my recent favorite stock screeners that lets you sort penny stocks using lots of different screens :
- Company Basics
Select the $0 to $10 Price range in the beginning, continue screening your results, and you'll create a powerful list of targeted penny stocks in no time.
Google Finance offers a very handy screener that lets you sort and organize penny stock trading under $10.
Zack's research offers a handy tool for finding good penny stocks to watch under $10.
They offer a bunch of stock screener tools to find penny stocks under $5
8. OTC Markets
OTC Markets is a great tool for screening penny stocks as well.
Dojospace offers a technical stock analysis tool for penny stocks.
PastStat is a handy free stock screening app for investors.
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
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While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.