5 Biotech Penny Stocks to Buy According to Reddit

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In this article, we discuss the 5 biotech penny stocks to buy according to Reddit. If you want to read our detailed analysis of these stocks, go directly to the 10 Biotech Penny Stocks to Buy According to Reddit.

5. Regulus Therapeutics Inc. (NASDAQ: RGLS)

Number of Hedge Fund Holders: 6    

Price as of August 6, 2021: $0.71 per share

Regulus Therapeutics Inc. (NASDAQ: RGLS) is a biopharmaceutical firm that focuses on the development of drugs that target microRNAs for treatment of rare diseases. It is ranked fifth on our list of 10 biotech penny stocks to buy according to Reddit. In earnings results for the first quarter, posted on May 13, the firm reported earnings per share of -$0.08, beating market expectations by $0.01. The firm has a market cap of $54 million and posted more than $10 million in revenue last year. 

On May 14, investment advisory HC Wainwright maintained a Buy rating on Regulus Therapeutics Inc. (NASDAQ: RGLS) stock and raised the price target to $2 from $1.5, appreciating positive topline data from a recent drug study and first quarter earnings.

At the end of the first quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $14 million in Regulus Therapeutics Inc. (NASDAQ: RGLS), up from 4 in the previous quarter worth $11 million.

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