5 Best Penny Stocks to Buy Now

4. Cyclerion Therapeutics, Inc. (NASDAQ: CYCN)

Share Price as of July 9: $3.72
Number of Hedge Fund Holders: 9

Cyclerion Therapeutics, Inc. (NASDAQ: CYCN) is a provider of specialty pharmaceutical products that focuses on serious central nervous system (CNS) diseases. The company ranks __th on our list of the best penny stocks to buy now. This July, Cyclerion Therapeutics, Inc. (NASDAQ: CYCN) collaborated with Beacon Biosignals to identify disease-relevant biomarkers to optimize patient selection and endpoints to drive trial development in the company’s investigational therapeutics for neurological diseases associated with cognitive impairment.

In the full year 2020, Cyclerion Therapeutics, Inc. (NASDAQ: CYCN) reported a net loss of $77.8 million as compared to $123.0 million in the full year 2020. The stock has gained 30% in the past 3 months and 21% year to date. Cyclerion Therapeutics, Inc. (NASDAQ: CYCN) currently has a market cap of $150 million and a 52-week high of $3.8.