5 Cheap Pharmaceutical Stocks to Watch

In this article, we discuss the 5 cheap pharmaceutical stocks to watch. If you want to read our detailed analysis of the cheap pharma stocks, go directly to read the 10 Cheap Pharmaceutical Stocks to Watch.

5. Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX)

Number of Hedge Fund Holders: 16
Stock Price as of September 22: $4.89

Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) is an American biopharmaceutical company that develops and commercializes therapies for rare neurological diseases. The company stands fifth on our list of cheap pharmaceutical stocks to watch.

In August, Piper Sandler appreciated the company’s growing business as it continues to generate positive cash flow. The firm lifted its price target on Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) to $6.50, while keeping an ‘Overweight’ rating on the shares. In Q2 2021, the company reported an operating income of $15.8 million, up from $10.3 million from the prior-year quarter. Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) generated $36.3 million in revenue in the second quarter, beating the estimates by $5.07 million. Since the beginning of the year, Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) delivered a 38.5% return to shareholders, while its 12-month returns stood at 52.34%.

In Q2 2021, 16 hedge funds tracked by Insider Monkey have positions in Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX), compared with 13 in the previous quarter. These stakes are valued at over $92.1 million. With 10 million shares, Steven Boyd’s Armistice Capital is the company’s leading shareholder.