3 Penny Stocks With Market Caps Over $700M To Watch

As the Nasdaq closes at a record high, driven by a tech stock rally led by Apple, investors are witnessing solid weekly gains across major indexes. In such an optimistic market landscape, penny stocks remain a noteworthy area for those seeking growth opportunities. Although the term ‘penny stock’ might seem outdated, it continues to signify smaller or emerging companies that can offer substantial value when backed by strong financials and clear growth potential.

Name

Share Price

Market Cap

Financial Health Rating

Waterdrop (WDH)

$1.81

$654.61M

★★★★★★

WM Technology (MAPS)

$0.9323

$158.82M

★★★★★★

Puma Biotechnology (PBYI)

$3.69

$185.87M

★★★★★★

Performance Shipping (PSHG)

$1.791

$22.27M

★★★★★★

Tuniu (TOUR)

$0.9326

$87.75M

★★★★★★

Riverview Bancorp (RVSB)

$4.92

$103.07M

★★★★★★

BAB (BABB)

$0.89

$6.46M

★★★★★★

Lifetime Brands (LCUT)

$3.98

$89.21M

★★★★★☆

Resources Connection (RGP)

$4.60

$153.36M

★★★★★★

TETRA Technologies (TTI)

$3.92

$522.46M

★★★★★★

Click here to see the full list of 418 stocks from our US Penny Stocks screener.

We’re going to check out a few of the best picks from our screener tool.

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: LifeStance Health Group, Inc. operates through its subsidiaries to offer outpatient mental health services across various age groups in the United States and has a market cap of approximately $1.70 billion.

Operations: The company generates revenue primarily from its mental health services, totaling $1.32 billion.

Market Cap: $1.7B

LifeStance Health Group, Inc. has shown significant revenue growth, reporting US$345.31 million in sales for Q2 2025, an increase from the previous year. Despite being unprofitable, it reduced its net loss to US$3.79 million from US$23.28 million a year ago and maintains a satisfactory net debt to equity ratio of 6.4%. The company has a stable cash runway exceeding three years due to positive free cash flow growth and is trading at 74.6% below its estimated fair value according to analysts who expect the stock price to rise significantly by 92.9%.

LFST Revenue & Expenses Breakdown as at Aug 2025
LFST Revenue & Expenses Breakdown as at Aug 2025

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Solid Power, Inc. focuses on developing solid-state battery technologies for electric vehicles and other markets in the United States, with a market cap of $707.01 million.

Operations: The company generates revenue from its Auto Parts & Accessories segment, amounting to $22.67 million.

Market Cap: $707.01M

Solid Power, Inc. has been added to multiple Russell Growth indices, reflecting its potential interest within the investment community. Despite being unprofitable with a net loss of US$25.34 million for Q2 2025, the company reported increased revenue of US$7.54 million compared to the previous year. It remains debt-free and possesses sufficient short-term assets (US$239.7M) to cover liabilities, providing financial stability in the near term. However, significant insider selling and high share price volatility could be concerning for investors seeking stability in penny stocks focused on solid-state battery technology development for electric vehicles.

SLDP Financial Position Analysis as at Aug 2025
SLDP Financial Position Analysis as at Aug 2025

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China, Europe, and internationally with a market cap of approximately $10.85 billion.

Operations: The company’s revenue is primarily derived from its Smart Electric Vehicles Related Business, amounting to CN¥67.86 billion.

Market Cap: $10.85B

NIO Inc.’s market cap of approximately $10.85 billion positions it outside typical penny stock parameters, yet its financial dynamics offer insights for investors. The company is unprofitable with increasing losses over the past five years but maintains a positive shift in shareholder equity. Recent delivery results show robust vehicle sales growth, with July 2025 deliveries reaching 21,017 units across its brands. While NIO’s board lacks seasoned experience, its management team is well-tenured. Despite a negative return on equity and short-term liabilities exceeding assets, NIO has sufficient cash runway and forecasts revenue growth of 18.3% annually.

NIO Debt to Equity History and Analysis as at Aug 2025
NIO Debt to Equity History and Analysis as at Aug 2025

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include LFST SLDP and NIO.

This article was originally published by Simply Wall St.

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