5 Cheap Biotech Stocks To Buy

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In this article, we will be taking a look at 5 cheap biotech stocks to buy. To read our detailed analysis of the biotech sector, you can go directly to see 12 Cheap Biotech Stocks To Buy.

5. CRISPR Therapeutics AG (NASDAQ:CRSP)

Number of Hedge Fund Holders: 29

P/E ratio as of January 22 (TTM): 13.19

CRISPR Therapeutics AG (NASDAQ:CRSP) is a gene editing company in the biotech space. It is based in Switzerland.

An Outperform rating was reiterated on CRISPR Therapeutics AG (NASDAQ:CRSP) shares on January 19 by JMP Securities analyst Silvan Tuerkcan.

Since the company’s July 2021 IPO, CRISPR Therapeutics AG (NASDAQ:CRSP) shares have fallen by 44%. At present, the stock is trading at a 30% discount from its recent highs, making now a prime time to buy into the company. Analysts, such as those at JMP Securities, hold price targets as high as $70 on the stock as of this January, compared to its share price of $49.61. The stock’s P/E ratio is also competitively low in the biotech sector.

CRISPR Therapeutics AG (NASDAQ:CRSP) had 29 hedge funds long its stock in the third quarter, with a total stake value of $718 million.

Follow Crispr Therapeutics Ag (NASDAQ:CRSP)

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