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Penny stocks are those that trade for less than $5 per share. These stocks often represent rapidly growing companies in disruptive industries. They may seem like a bargain, and the upsides can be tempting. However, savvy investors understand that not all small businesses grow to be successful.
Penny stocks of companies with a clear growth strategy can thrive in the long run if their core business is successful. One such penny stock is Airship AI Holdings (AISP), which is capitalizing on the rapidly expanding artificial intelligence (AI) market. Airship recently bagged a contract with the U.S. Department of Homeland Security (DHS), attracting investor attention. The stock is up 222% in the year to date, outpacing the overall market. Wall Street believes there is a lot more to come.
