Penny stocks under $1.00

Screening Filters

1. Price: min = $0, max = $1

   • Purpose: Restrict results to stocks trading at or below $1.00 per share.
   • Rationale:
     • Your request is specifically for “penny stocks under $1.00.”
     • By setting the maximum price to 1 and minimum to 0, we capture all stocks priced between $0.00 and $1.00, which is the core definition of what you asked for.
     • This is the primary and most important filter for matching your query.

2. Market Cap Category: micro, nano

   • Purpose: Focus on the smallest companies by market capitalization (micro-cap and nano-cap).
   • Rationale:
     • In practice, stocks under $1.00 are overwhelmingly very small companies, often categorized as micro-cap or nano-cap.
     • Applying this filter removes larger-cap outliers that might temporarily trade under $1 due to unusual events, and homes in on the typical “penny stock” universe that most traders mean when they use that term.
     • While you didn’t explicitly request a market cap filter, this refinement makes the results more aligned with common penny-stock characteristics.

3. Listing Exchange: XNYS (NYSE), XNAS (NASDAQ), XASE (NYSE American/AMEX)

   • Purpose: Limit results to penny stocks listed on major U.S. exchanges.
   • Rationale:
     • Many penny stocks trade over-the-counter (OTC), but OTC markets can have lower listing standards, less liquidity, and poorer disclosures.
     • By restricting to NYSE, NASDAQ, and NYSE American, we focus on penny stocks that still meet the stricter requirements of major exchanges, which generally means better reporting and somewhat lower fraud risk.
     • You did not specify exchange or OTC vs listed, and our screener here is set up for major exchanges; within that universe, this filter is appropriate and still gives you a large pool of penny stocks.

Why Results Match:

• The price filter (0–1) directly implements your requirement for stocks “under $1.00.”
• The micro/nano market cap filter aligns with the typical profile of penny stocks—very small, speculative companies—making the universe more relevant to what most users mean by “penny stocks.”
• The exchange filter (NYSE, NASDAQ, NYSE American) keeps you within the more transparent, regulated segment of the penny-stock market. While it omits OTC stocks (which we’re not screening here), it still effectively addresses your request for penny stocks under $1 by focusing on listed names that fit that price criterion.