Tuya Inc. (NYSE: TUYA), a leading IoT cloud platform company, saw its stock soar by 5.53% in Tuesday's trading session, outperforming the broader market. The significant uptick comes as Tuya has been highlighted as one of the top penny stocks in the United States, boasting a remarkably strong financial health rating.

According to a recent analysis of penny stocks, Tuya stands out with a perfect 6-star financial health rating, the highest possible score. This rating suggests that the company has a solid financial foundation, which is particularly noteworthy in the often-volatile penny stock segment. With a share price of $1.89 and a market capitalization of $1.16 billion, Tuya presents an intriguing opportunity for investors looking for under-the-radar stocks with potential for growth.

The surge in Tuya's stock price occurs against a backdrop of increased investor interest in undervalued companies with solid financials. As the analysis points out, earnings for companies in this segment are forecast to grow by 13% annually, highlighting the potential for significant returns in well-chosen penny stocks. Tuya's strong performance and financial health rating suggest it may be well-positioned to capitalize on this growth trend, attracting increased investor interest in the process.