5 Best Penny Stocks to Buy Now

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1. Onconova Therapeutics, Inc. (NASDAQ: ONTX)

Share Price as of July 9: $6.20
Number of Hedge Fund Holders: 10

Onconova Therapeutics, Inc. (NASDAQ: ONTX) is a provider of novel drugs that are developed for anti-cancer agents. The company ranks 1st on our list of the best penny stocks to buy now. Onconova Therapeutics, Inc. (NASDAQ: ONTX) currently has an ongoing partnership with Specialised Therapeutics Asia (“STA”) which grants STA to distribute in parts of Australia and New Zealand. The stock’s coverage was initiated coverage in May by Guggenheim, with a Buy rating and a $4 price target.

In the first quarter of 2021, Onconova Therapeutics, Inc. (NASDAQ: ONTX) had an EPS of $2.10. The company’s cash and cash equivalents were $48.0 million, from $19.0 million compared to the previous quarter. Onconova Therapeutics, Inc. (NASDAQ: ONTX) has a market cap of $97.8 million and a 52-week high of $28.95.

You can also take a peek at 14 Best European Dividend Stocks To Buy and 10 Best Technology Stocks That Pay Dividends.

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