10 Hottest Small Cap Stocks to Buy Now

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​1. uniQure N.V. (NASDAQ:QURE)

Market Capitalization: $1.90 billion

6-Month Performance: 134.52%

Number of Hedge Fund Holders: 36

​uniQure N.V. (NASDAQ:QURE) is one of the Hottest Small Cap Stocks to Buy Now. Wall Street has a positive outlook on uniQure N.V. (NASDAQ:QURE) despite the regulatory challenges from the FDA for its experimental gene therapy called AMT-130. On November 12, Yanan Zhu from Wells Fargo also reiterated a Buy rating on uniQure N.V. (NASDAQ:QURE), but lowered the price target from $80 to $60. A day earlier, TD Cowen analyst Joseph Thome had maintained a Buy rating on the stock without disclosing any price target.

​Earlier in September, uniQure N.V. (NASDAQ:QURE) presented critical results from a three-year study of their experimental gene therapy called AMT-130, aimed at treating Huntington’s disease. The results showed a significant reduction in disease progression.

​However, regardless of the encouraging results, the FDA on November 3 provided negative feedback for AMT-130. As per the management, the FDA no longer thinks the data from their early Phase I/II studies of AMT-130 is enough to support their main evidence for getting approval to sell the therapy. As a result, the timing for the pre-Biologics License Application for AMT-130 is now unclear.

​Analyst Joseph Thome from TD Cowen noted that management’s confidence in the data and potential of AMT-130 remains robust. He mentioned the company is in active engagement with the FDA to explore a viable way forward. Thome remains confident in the company’s ability to address these concerns effectively.

uniQure N.V. (NASDAQ:QURE) is a biotechnology company based in the Netherlands that develops gene therapies designed to be given once and potentially cure severe genetic diseases

While we acknowledge the potential of QURE 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 QURE and that has 100x upside potential, check out our report about this cheapest AI stock.

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