10 Best Strong Buy Penny Stocks to Buy Now

3. ImmunityBio, Inc. (NASDAQ:IBRX)

Stock Price: $2.46

Analyst Upside: 225.20%

Number of Hedge Fund Holders: 10

ImmunityBio, Inc. (NASDAQ:IBRX) is one of the best strong buy penny stocks to buy now. On July 25, ImmunityBio, Inc. (NASDAQ:IBRX) announced the preliminary financial results for the fiscal quarter ended June 30.

The company reported a notable 60% revenue growth to $26.4 million from Q1 2025, with year-to-date sales of ~$43 million. ANKTIVA underwent a 246% unit sales volume growth in H1 2025 compared to H2 2024.

ImmunityBio, Inc. (NASDAQ:IBRX) also reported $153.7 million in cash, cash equivalents, and marketable securities as of June 30.

ImmunityBio, Inc. (NASDAQ:IBRX) is a clinical-stage immunotherapy company that develops next-generation therapies to treat cancer and infectious diseases. Its immunotherapy platform activates the adaptive and innate immune systems to create long-term immunological memory.