Recent trading activity suggests that penny stocks are in the spotlight. According to the Financial Times, stocks priced below $1 have comprised more than 14% of 2024’s trading volume thus far, illustrating the growing demand for penny stocks.The question now becomes: Are penny stocks undervalued, or are speculators dominating trading volume?I believe numerous penny stocks are undervalued. Moreover, if selected correctly, penny stocks provide diversification benefits. Sure, some penny stocks often possess o ...