There's no question that penny stocks are a volatile and risky investment, but there may be one that's worth investing in – multibagger penny stocks.
Multibagger penny stocks are those that have increased in value by at least fivefold over the past year.
This means that they're currently worth at least $5 per share, which is a very high premium compared to the average stock price.
Though it's still early days for this investment strategy, there is evidence to suggest that multibagger penny stocks will continue to outperform the market over the next few years.
If you're confident in your analysis and believe that this trend will continue, then investing in these types of stocks may be a good decision for you.