5 Best Penny Stocks to Buy Now

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In this article, we discuss the 5 best penny stocks to buy now. If you want to read about some more penny stocks, go directly to 11 Best Penny Stocks to Buy Now.

5. Geron Corporation (NASDAQ:GERN

Number of Hedge Fund Holders: 16

Share Price as of December 20: $2.28

Geron Corporation (NASDAQ:GERN), located in Foster City, California, is a biotechnology company. The company makes cancer-treating drugs that block telomeras. In the third fiscal quarter, Geron Corporation (NASDAQ:GERN) reported revenue of $0.3 million, up 172.7% compared to the revenue over the same period last year.

On October 28, Wedbush analyst Robert Driscoll initiated coverage of Geron Corporation (NASDAQ:GERN) with an Outperform rating and a $5 price target. The analyst expects that the ongoing Phase 3 research in Lower Risk Myelodysplastic Syndrome (LRMDS) will produce encouraging top-line findings in early 2023. Geron Corporation (NASDAQ:GERN)’s strong growth prospects make it one of the best penny stocks to invest in.

As of November 22, 2022, RA Capital Management is the largest shareholder in Geron Corporation (NASDAQ:GERN) in our database and holds a stake worth more than $70.5 million.

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