5 Best Penny Stocks To Invest In

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In this article, we discuss the 5 best penny stocks to invest in. If you want to read our analysis of these stocks, go directly to the 15 Best Penny Stocks To Invest In.

5. Soleno Therapeutics, Inc. (NASDAQ:SLNO)

Share Price as of June 8: $0.1667

Number of Hedge Funds Holders: 8

Soleno Therapeutics, Inc. (NASDAQ:SLNO) is a Redwood City, California-based biotech company involved in the development and marketing of the treatment of rare diseases.

Soleno Therapeutics, Inc. (NASDAQ:SLNO) is conducting a Phase-III 15-week double-blind, placebo-controlled study for its therapeutic treating genetically-confirmed cases of Prader-Willi syndrome (PWS) in patients who are four years or older. Meanwhile, another 52-week open-label Phase-III study is also open for individuals that have gone through the 15-week study. For the most recent quarter, Soleno Therapeutics, Inc. (NASDAQ:SLNO) reported a GAAP loss per share of seven cents, which was in line with the consensus estimates.

Out of the 912 hedge funds in Insider Monkey’s database, 8 funds held a stake in Soleno Therapeutics, Inc. (NASDAQ:SLNO) as of Q1 2022.

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