5 Most Undervalued Penny Stocks To Invest In

4. Chimerix, Inc. (NASDAQ:CMRX)

Number of Hedge Fund Holders: 19

Biopharmaceutical company Chimerix, Inc. (NASDAQ:CMRX) ranks 4th in our list of the most undervalued penny stocks to invest in.  During the second quarter, Chimerix, Inc. (NASDAQ:CMRX)’s GAAP EPS came in at -$0.21 beating estimates by $0.03. Revenue fell by a whopping 93% in the quarter on a YoY basis.

 As of the end of the second quarter of 2023, 19 hedge funds tracked by Insider Monkey were long Chimerix, Inc. (NASDAQ:CMRX). The biggest stakeholder of Chimerix, Inc. (NASDAQ:CMRX) was Steven Boyd’s Armistice Capital which owns a $3.8 million stake in the company.