5 Best Psychedelic Stocks to Buy Now

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1. COMPASS Pathways plc (NASDAQ: CMPS) 

COMPASS Pathways plc (NASDAQ: CMPS) is ranked first on our list of 10 best psychedelic stocks to buy now. The stock has offered investors returns exceeding 10% over the course of the past five days. The company operates as a mental health care firm focusing on psychedelics. It is based in the United Kingdom and has a market cap of close to $1.5 billion. The company was founded last year. 

In quarterly earnings for the fourth quarter of 2020, posted in March this year, COMPASS Pathways plc (NASDAQ: CMPS) reported earnings per share of -$0.52, missing market estimates by $0.16. On July 13, Bitritto-Garg initiated the stock at a Buy rating.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Perceptive Advisors is a leading shareholder in COMPASS Pathways plc (NASDAQ: CMPS) with 797,404 shares worth more than $29 million.  

You can also take a peek at 10 Psychedelic Startups Investors are Flocking To and 10 Best Psychedelic Companies to Watch.

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