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5 Best Biotech Penny Stocks To Buy Now

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In this article, we will be taking a look at the 5 best biotech penny stocks to buy now. To read our detailed analysis of these stocks, you can go directly to see the 13 Best Biotech Penny Stocks To Buy Now.

5. Abeona Therapeutics Inc. (NASDAQ:ABEO)

Number of Hedge Fund Holders: 4

Share Price as of November 29: $3.86

Abeona Therapeutics Inc. (NASDAQ:ABEO) develops gene and cell therapies for life-threatening rare genetic diseases. The company is based in New York.

Kristen Kluska, an analyst at Cantor Fitzgerald, reiterated an Overweight rating on Abeona Therapeutics Inc. (NASDAQ:ABEO) shares on November 8. The analyst also raised her price target on the stock from $22 to $40.

Abeona Therapeutics Inc. (NASDAQ:ABEO) is considered a good speculative biotech play. The company had cash, cash equivalents, restricted cash, and short-term investments of $26 million as of this June. It believes it has enough funds for its operations until the second quarter of 2023. The company is currently conducting a study on the use of EB-101 to treat patients with recessive dystrophic epidermolysis bullosa, a skin disease. Should EB-101 be approved by the FDA after the study, the company will be able to sell it for about $100 million or more.

Our hedge fund data shows four hedge funds long Abeona Therapeutics Inc. (NASDAQ:ABEO) in the third quarter. Their total stake value was $1.9 million.

Follow Abeona Therapeutics Inc. (NASDAQ:ABEO)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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