5 Best Penny Stocks to Buy Now

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In this article, we will be looking at the 15 best penny stocks to buy now. If you want to see our detailed analysis about these penny stocks, go directly to the 15 Best Penny Stocks to Buy Now.

5. Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI

Share Price as of July 9: $3.53
Number of Hedge Fund Holders: 8

Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) is an American biopharmaceutical company that offers novel drugs specializing in hematology and oncology. The company ranks 5th on our list of the best penny stocks to buy now. In March, Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) received a grant from the FDA to fast-track the treatment of non-small cell lung cancer (NSCLC) in previously treated patients with HER2 exon 20 mutations.

In the first quarter of 2021, Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) reported a $0.25 loss per basic and diluted share as compared to $0.36 loss per basic and diluted share in the same period of 2020. The company reported a net loss of $35.7 million from $40.6 million in the same period of 2020. The stock has gained 14% in the past 3 months and 3% year to date. Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) currently has a market cap of $570 million and a 52-week high of $5.24.

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