10 Best Growth Stocks Under $30 to Buy Now

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6. Relmada Therapeutics Inc. (NASDAQ:RLMD)

Number of Hedge Fund Holders: 44

Relmada Therapeutics Inc. (NASDAQ:RLMD) is one of the best growth stocks under $30 to buy now. On May 12, Relmada Therapeutics reported Q1 2026 results, highlighted by positive 12-month Phase 2 data for its NDV-01 candidate, which showed a 95% complete response rate in high-risk non-muscle invasive bladder cancer. The company is well-capitalized with $234 million in cash, expected to fund operations through 2029, including the completion of its upcoming Phase 3 RESCUE registrational program scheduled to initiate in mid-2026.

Operationally, Relmada Therapeutics Inc. (NASDAQ:RLMD) is increasing its clinical profile by presenting these findings and the Phase 3 design at the upcoming American Urological Association Annual Meeting. Additionally, the company is strengthening its long-term market position through a new provisional patent application filed in April 2026, which could extend protection for NDV-01 formulations and treatment methods until 2047 if issued.

Management continues to emphasize NDV-01’s potential as a best-in-class therapy, noting its streamlined in-office administration and favorable safety profile. With its balance sheet bolstered by a recent $160 million financing, the company remains focused on executing the RESCUE program and advancing its oncology portfolio toward commercial viability.

Relmada Therapeutics Inc. (NASDAQ:RLMD) is an American clinical-stage biotechnology company based in Florida. It focuses on the development of treatments for various conditions, including bladder cancer and metabolic diseases. Its portfolio includes at least drug candidates in Phase 2 trials, and at least one in a Phase 1 stage.

While we acknowledge the potential of RLMD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RLMD and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Growth Stocks Under $30 to Buy Now.

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