14 Best Biotech Penny Stocks to Buy Right Now

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6. Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI)

Stock Price: $2.52

Number of Hedge Fund Holders: 29

Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI) is one of the best biotech penny stocks to buy right now. Wells Fargo analyst Brandon Couillard maintained a Buy rating on Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI) on June 25, setting a price target of $4.00.

The analyst based the rating on Maravai LifeSciences Holdings, Inc.’s (NASDAQ:MRVI) recent leadership changes, stating that Raj Asarpota’s appointment as the CFO is a strategic move primarily because of his prowess in financial leadership and prior collaborations with the new CEO, Bernd Brust.

Couillard expects this transition to align with Maravai LifeSciences Holdings, Inc.’s (NASDAQ:MRVI) focus on strategic growth and financial discipline.

He added that Asarpota’s history of successful divestitures and acquisitions is expected to bring considerable operational efficiencies and value creation to Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI), supporting the optimistic outlook for the company.

Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI) supports the development of drug therapies, novel vaccines, and diagnostics to enable research on human diseases. The company’s operations are divided into the following segments: Nucleic Acid Production and Biologics Safety Testing.

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