2 Penny Shares “Strong Buy” that can receive 100% (or more) of profit.
In a recent review of the current market condition, JPMorgan strategist Eduardo Lecubarri summed up his view that 2021 would have been a modest gain in stocks in general – but outperformed in the small / medium segment, Lecubarri believes. Lecubarri pointed to the latest generic gain in manufacturing, which was at its highest in 15 years, and the unemployment figure at Decline – Both data point to a solid foundation for economic recovery. With increased consumer confidence and relatively high savings, he sees strong winds for this year’s small / medium markets spread. The general trend of rising small-cap stocks should prompt analysts and investors to look at ‘penny’ stocks, which are priced under $ 5 per share. Although this is not an exact indicator. But a low share price often goes hand in hand with a low market cap, but it comes with the strong reversal potential that Lecubarri mentioned.However, before jumping into penny stocks, Wall Street experts recommend looking at the picture. Include and consider factors other than the price tag. For some of the titles that fall into this category, you really get what you pay for, offering little to long-term growth opportunities due to weak fundamentals, recent problems, or even the number of stocks that you have. Outstanding number Considering the risks, we used TipRanks’ database to find two notable penny stocks, as determined by Wall Street experts, each receiving a consensus rating. “Buy Strong” from the analyst community and bring many growth trends to the table. We’re talking more than 100% upside potential here. Biolase Technology (BIOL) We’ll start with Biolase Technology, a leading designer, manufacturer and innovator in dental laser technology. Lasers bring many benefits for dentists and their patients, including fewer aerosols and a smoother touch during the procedure and more comfortable treatment later.Biolase products are used in periodontal procedures. Hygienic implants and implants, the company directly marketed online marketing to Biolase dental practice, contributed positively to its latest Q4/2020 earnings report, although its top revenue was $ 8.52 million, down 16% compared to $ 8.52 million. Yearly But the quarterly profit, respectively, was impressive at 31%. The company benefited as the dental clinic was resuming during the 2H20 economic recovery. Biolase reported a positive outlook for two sales in the fourth quarter, with 78% of the total. Sales come from new customers and 40% go to dental professionals. On top of that, the company advised Q1 earnings of $ 7.5 – 8.0 million, up 60–70% yoy and above the current $ 7.0 million consensus of $ 0.76 per share. Take significant gains, according to some analysts, said Maxim analyst Anthony Vendetti, who noted that the company’s positive effect in Q4 was not just a spin. “As international markets continued to slow down the recovery of COVID in the US, BIOL delivered significant second-quarter revenue growth, driven by US sales to the United States.” New clients, dental professionals, and dental service organizations (DSOs) are encouraged by us. Experts comprise 40% of the company’s laser sales in the US in 4Q20 and expect the company’s recent launch, both Endo and Perio Academies, to increase adoption by ~ 5K and ~ 5K endodontics professionals in periodontology. Furthermore, BIOL has put a significant increase in its focus on converting smaller DSOs (that can make use of BIOL’s technology faster), which we expect to bolster short-term revenues as the company progresses in converting DSOs at scale. Commented, Vendetti concluded, “By delivering the unique value of BIOL’s products, the continued progress in the DSO penetration and the growing number of dental professionals,” Heartland Dental “concludes. We reiterate our buy rating. ”In addition to the buy rating, analysts are targeting $ 2, indicating 165% share growth ahead of 2021 (to view Vendetti’s history, click here). The rest of Street will also see substantial returns on purchases only – 4, in fact – the analyst community rated BIOL as Strong Buy. It reached $ 1.94 and represents a potential ~ 157% trend in the months ahead. (See analysis of BIOL stocks in TipRanks.) Fortress Biotech (FBIO) Fortress Bio is a pharmacological research firm with 28 drug candidates at different stages of development, from pre-clinical trials to phase II trials. 3. In addition to tubes, Fortress has six other approved drugs on the market for a wide variety of skin conditions, including Acne, fungal infections of the skin, burns and other skin wounds.These drugs are marketed by Fortress partner Journey Medical and in 2020 net revenues of $ 44.5 million were comparable – a 28% increase – a 28% increase. % Was $ 34.9 million n made revenue in 2019.Fortress ended 2020 with a good cash position, holding $ 235 million in cash and cash equivalents, up $ 15 million from Q3 and up 53% year over year. The company noted that these positive results came despite the COVID outbreak affecting both supply and sales. Looking ahead, Fortress expects to add two new approved prescription products to the product line in 2021.In another program update, Fortress is partnering with Cyprium Therapeutics and Sentynl Therapeutics in both CUTX-101. The two companies have signed a development and asset purchase agreement for drug applicants whose treatment for Menkes disease is currently in phase 3 clinical trials.The companies reported positive clinical efficacy results last August. Reaching mid-term survival in the 14.8-year early treatment group versus 1.3 years for the historically untreated control group, in 2H21 Fortress will begin submitting NDAs for CUTX-101, this stock coverage for B. Riley. 5-Star Analysis Mayank Mamtani discusses the company’s fundamental stability, “FBIO’s distinct business model, comprised of a wide range of commercially available products and a wide range of clinical applicants, remains flexible amid the challenges posed by a broad spectrum of clinical trials. Therefore, it is a good setting in advance for regulatory information, clinical data, and expected balance sheet fluctuation points. Predetermined The next few quarters are an opportunity to rate new stocks. Mummthani wrote. As a result, Momthani scores his FBIO a Buy and his $ 10 target price, pointing out that there is ~ 100% room for upside in the next 12 months. (To view Mamtani’s bio, click here.) Overall, Fortress Bio has 4 reviews, and all of them are worth buying, giving the stock a Strong Buy consensus rating.FBIO shares are priced at $ 4.48 and their average price target of 13. Their dollars represent a one-year upside of 190% (see FBIO stock analysis on TipRanks). To find great ideas for trading penny stocks with attractive valuations, visit Good Stocks. Ultimate Buying of TipRanks, a newly launched tool that captures all TipRanks shareholder insights DISCLAIMER: The opinions expressed in this article are solely by analysts. This content is for informational purposes only. It is very important to do your own analysis before making any investments.