Investors’ Stock Portfolio: Top 10 Penny Stocks To Buy

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6. Aclaris Therapeutics, Inc. (NASDAQ:ACRS)

Share Price: $4.63

Stock Upside Potential: 130.38%

Year to Date Gain: 50.69%

Number of Hedge Fund Holders: 28

Aclaris Therapeutics Inc. (NASDAQ:ACRS) is one of the top penny stocks to buy in investors’ stock portfolio. On May 8, Stifel reiterated a Hold rating on Aclaris Therapeutics Inc. (NASDAQ:ACRS) and increased the price target to $4 from $3.

The price target hike underscores the research firm’s optimism about the company’s multi-targeting approaches and its novel immunology biology. The company has made significant progress in developing best-in-class compounds to address various immunological diseases. For starters, it has delivered positive results in the Phase 1a SAD/MAD trial of bispecific antibody ATI-052.

Aclaris is also anticipating top-line results in ongoing Phase 1b proof-of-concept trials or ATI-052. The candidate therapy continues to show potential in the treatment of various atopic immunologic and respiratory diseases. The company is also pursuing the Lichen Planus Development Strategy for ATI-2138, a Potent and Selective Investigational Inhibitor of ITK and JAK3.

Amid pipeline development, Aclaris generated $2 million in revenue in the first quarter, up from $1.5 million in the prior quarter, driven by higher royalties under the Lilly and Sun Pharma license agreements. However, the company incurred a net loss of $19.8 million, compared with $15.1 million in the same quarter last year.

Aclaris Therapeutics, Inc. (NASDAQ:ACRS) is a clinical-stage biopharmaceutical company that discovers, develops, and commercializes innovative drug candidates for immuno-inflammatory diseases and dermatological conditions.

While we acknowledge the potential of ACRS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACRS and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the Investors’ Stock Portfolio: Top 5 Penny Stocks To Buy.

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