12 Best American Penny Stocks to Buy Right Now

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3. Nuvation Bio Inc. (NYSE:NUVB)

Share Price: $4.98

Number of Hedge Fund Holders: 36

Nuvation Bio Inc. (NYSE:NUVB) is one of the best American penny stocks to buy right now. On November 4, Citizens increased its price target on Nuvation Bio Inc. (NYSE:NUVB) from $6 to $8 and kept its Market Outperform rating.

This decision came after the company reported Q3 results. Citizens highlighted that Nuvation Bio Inc. (NYSE:NUVB) successfully started 204 patients on IBTROZI (taletrectinib) in the third quarter of 2025. This launch is exceeding expectations and outpacing other recent ROS1 inhibitor launches.

IBTROZI (taletrectinib) is Nuvation Bio Inc.’s (NYSE:NUVB) next-generation inhibitor for ROS1-positive non-small cell lung cancer. Updated data has demonstrated that IBTROZI (taletrectinib) is continuing to show unprecedented durability.

Because of IBTROZI’s (taletrectinib) impressive performance, Citizens has raised its short-term forecasts for Nuvation Bio Inc. (NYSE:NUVB).

Nuvation Bio Inc. (NYSE:NUVB) is a biopharmaceutical company focused on developing oncology therapeutics.

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