Pharmaceutical Penny Stocks To Buy
Stocks with share prices under $5 (aka "penny stocks") are typically too risky to consider. The current economic environment, however, has pushed several intriguing, innovation-oriented companies into penny stock territory.
Which beaten-down innovation stocks are worth checking out right now? Although these names are still exceedingly high-risk, I think aggressive investors may want to consider buying shares of Precigen (PGEN 15.44%), Rigel Pharmaceuticals (RIGL 4.41%), and 23andMe Holding Company (ME 3.21%) right now. Read on to find out why these three low-priced equities might be a tremendous wealth escalator for patient shareholders.
Pharmaceutical stocks are the shares of wider healthcare companies that focus on developing, manufacturing and distributing pharmaceutical products, such as drugs, medicines and vaccines. Investing in pharmaceutical stocks is a popular trend in times of political or economic instability. For example, given the Covid-19 crisis, pharmaceutical companies have been in high demand as they provide products and equipment, in turn increasing their share price and value.
This article contains a list of global pharmaceutical shares with some of the highest market capitalisations, dividend yield percentages and overall stock value according to stock market indices such as the S&P 500 and FTSE 100. This information is accurate as of February 2021. Our trading platform offers spread betting and CFD trading on both blue-chip stocks, large-cap stocks and pharma penny stocks, so read on to find out how you can get involved in trading pharmaceutical stocks with us.
Pharmaceutical stock investors look for growth and earnings potential and often prefer high-yield stocks, as this means that the company is likely to pay consistent dividends. Paying dividends to investors can help to strengthen loyalty, as well as confidence in success and future payouts.
In recent years, biotech and pharmaceutical penny stocks have become a particular interest to investors as they have often grown into widespread, multinational corporations, including Novavax and Pharma Mar. Penny stocks in the pharma sector have become especially popular throughout the Covid-19 pandemic, as many small businesses raced to develop a coronavirus vaccine, rivalling their larger competitors.
In particular, Pharma Mar claimed that its treatment for coronavirus was more than 2,800 times more effective than that of its biotech rival, Gilead Sciences. Pharma Mar's share price previously traded for under $5 until the peak of the pandemic in early 2020, and has been rising consistently ever since. The same situation applies to Inovio Pharmaceuticals, which was considered a pharma penny stock until February 2020, where its share price rose to around 10 times the original.
All of the below shares can traded on our Next Generation trading platform through spread bets and CFDs. Please note that stocks are only available with a live account and cannot be traded with a demo account. Other perks of our live account include an exclusive trading forum, access to pharmaceutical ETFs and a range of platform features and trading tools.
Investing in Moderna stocks is another opportunity on this list for investors that are interested in rising pharma stocks. Moderna is a US biotech company that bases its research and development for vaccines and therapeutics primarily on mRNA molecules. The company already has alliances with other top pharma companies, including AstraZeneca and Merck, which is an indication of its promising future within the healthcare sector. In the UK, Moderna's vaccine was the third to be approved for distribution to the general public in January 2021, solidifying this small-cap stock as a main competitor against its large-cap rivals.
You can trade on pharmaceutical stocks on our platform through spread bets and CFDs (contracts for difference). Spread betting enables you to trade tax-free on the price movements of the stocks; though tax treatment