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Cathie Wood's top three penny stocks for growth! Ark Invests Best stocks to buy right now!
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Let’s talk about the top three best penny stocks that Cathie Wood of Ark Invest owns which have explosive potential. We will then go over the top three best fintech growth stock stocks buy right now followed by a bonus stock that has a huge address or market. I will also go over the price targets and price predictions by analysts for these stocks as well as their fair value price which is what these stocks should be trading at. Go and press the like button right now for more stock market news updates, comment down below your favorite penny stock, turn on all subscription notifications to stay informed, and now let’s get right into today’s stories. Now a penny stock can have multiple meanings from a stock that trades below $5 per share to a stock that has a market cap below $1 billion however in this video we will refer to a penny stock as a stock that trades below the $5 threshold. These are very speculative stocks that have huge growth potential but the risk of loss is just as high. However Cathie Wood of Ark Invest has gained an appreciation for the following penny stocks which have been added to her extremely innovative ETFs. If you did not know Cathie Wood told CNBC that Ark is working on a more speculative and aggressive ETF which is like her regular ETFs on steroids in terms of growth. We should also remember that Cathie Wood has a 5-year time horizon on her regular ETFs so even if they underperform for a year or two it does not take away from the tremendous growth potential that they hold because these are industry disruptive companies and technologies that need time to gain traction in the market. First up we have Nano Dimension and their NNDM stock which you should be familiar with but if you are not they are a 3D printing company that produces high-performance electronic devices. Themis stock went from below $1 when I originally called this stock out and then it surged to over $17 and now the stock is back in penny stock territory below $5. Speaking of industry-disrupting technology first ho we Nano Dimension which recently announced great revenues and earnings along with plans to acquire more companies and enhance their marketing and research and development efforts regarding their technology. Cathie Wood has repeatedly bought this penny stock to put into her ARK next-generation internet ETF ticker symbol ARKW where she keeps around almost 8 million shares worth around $36 million dollars and she also has NNDM stock in her ARK autonomous technology ETF ticker Symbol ARKQ with around 9 million shares worth close to $43 million dollars. The stock is currently priced at $4.90 with a 1-year price target of $10 from a single analyst. Next, we have a favorite named aqua bounty technologies ticker Symbol AQB whose shares surged from $1.52 last February to $13.30 in January however similar to Nano Dimension its shares have slid back down to penny stock status. Aqua bounty is an aquaculture company that owns sustainable fishing farms which raise antibiotic-free salmon. The stock has been hard recently due to the company announcing a stock offering which caused selling pressure. Cathie Wood has this company in her ARKG ETF which has around 5 million shares of AQB worth $15 million. This stock is currently worth $2.50 but it has an analyst price target of $12 next year. Next up we have Compugen ticker Symbol CGEN and Cathie Wood allocates this company to her ARK innovative ETF ticker symbol ARKK. Ark owns around 5 million shares worth over $24 million. Similar to the prior two penny stocks Compugen had a huge rally from $8 to almost $20 before pulling back to penny stock status. This company has shown great progress in their cancer treatment pharmaceuticals to where a huge company named Bristol Myers Squibb is hello Helping them and invested $20 million into their project. The stock is currently worth $4.50 with a high-end analyst price target of $28. Cathie Wood and the analysts at Ark Invest know how to perform stock analysis so I trust their judgment and stock price targets.
#NNDMstock #sofistock #Squarestock
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment purposes only.
#NNDMstock #sofistock #Squarestock
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment purposes only.
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