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Best Healthcare Penny Stocks

Take a look at these 3 healthcare penny stocks to watch. The healthcare industry is a vibrant, fast-moving industry, so do some research outside this list.

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Revive Therapeutics (OTC: RVVTF)

As a medical company, Revive Therapeutics Ltd. focuses on the research and development of treatment of rare disorders and infectious diseases. Revive Therapeutics has also received FDA-approvals to use cannabidiol (CBD), psilocybin and Bucillamine to treat diseases.

The healthcare stock has a market cap of $32 million. Revive Therapeutics has high liquidity with an average daily trade volume of 1.1 million shares and a 1-year return rate of 372.73%.

0.49 0.0298 (6.51%)
Volume 4.05M Market Cap 115.26M
0.462 - 0.5205
0.04268 - 0.72
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Xeris Pharmaceuticals (NASDAQ: XERS)

Xeris Pharmaceuticals Inc. is a specialty pharmaceutical company. It leverages novel formulation technology platforms to develop and sell ready-to-use injections. Its products are Gvoke HypoPen™ and Gvoke pre-filled syringe.

The pharmaceutical stock has a market cap of $206 million. It has a 52-week low of $1.42 and a 52-week high of $9.69. Xeris Pharmaceuticals has high liquidity and trades more than 1 million shares per day. It generated revenue o $2 million in 2019.

5.60 0.26 (4.87%)
Volume 2.24M Market Cap 274.27M
5.24 - 5.6778
1.42 - 7.16
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Medical Marijuana (OTC: MJNA)

Medical Marijuana Inc. is currently 1 of the cheapest healthcare penny stocks with a price under $0.10. The company is positioned to profit from more relaxed laws on marijuana and CBD products. It’s already moving into markets that allow medical marijuana cards such as Arizona and California. It markets itself as the 1st cannabis company to trade publicly in the United States.

The company works through its subsidiaries like HempVap, CanChew Biotechnologies, Wellness Management Services, Red Dice Holdings, Kannaway and HempMeds Brasil. It’s working to be the 1st to market with government licenses in the United States and Brazil. MJNA is also leading efforts to bring cannabis products to Mexico.

Medical Marijuana Inc. is a pink sheet stock, so it has added risk. Pink sheet stocks are not carried through every broker. If you want to trade this company, make sure you’ve partnered with a broker that can actually trade it.

0.03 -0.0017 (-5.5%)
Volume 45.80M Market Cap 0.00K
0.0287 - 0.0322
0.0111 - 0.0355
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Biggest Healthcare Penny Stock Movers of the Day

Stay in touch with the biggest movers to keep your finger on the pulse of the healthcare industry. Take a look at the table below to get a sense of the healthcare investment industry now.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket Healthcare Penny Stocks
Symbol Last Price Change % Change Trade
CSLT 1.832 0.212 13.08% Trade
STRM 1.73 0.03 1.76% Trade
Symbol Last Price Change % Change Trade
NH 3.72 -0.18 -4.62% Trade
WORX 1.8289 -0.051 -2.72% Trade
ZCMD 1.92 -0.04 -2.05% Trade
Market Healthcare Penny Stocks
Symbol Last Price Change % Change Trade
STRM 1.7773 0.077 4.54% Trade
WORX 1.92 0.04 2.12% Trade
CSLT 1.63 0.01 0.61% Trade
Symbol Last Price Change % Change Trade
ZCMD 1.91 -0.05 -2.56% Trade
NH 3.83 -0.07 -1.8% Trade
After Hours Healthcare Penny Stocks
Symbol Last Price Change % Change Trade
NH 3.77 0.05 1.34% Trade
ZCMD 1.94 0.02 1.04% Trade
Symbol Last Price Change % Change Trade
WORX 1.79 -0.02 -1.11% Trade
CSLT 1.85 -0.01 -0.54% Trade

An aging population and the ongoing need for healthcare makes the healthcare industry expand market caps and offers big trading opportunities.

The expansion of healthcare includes many healthcare penny stocks that may benefit from increased attention to the industry. New attention means new dollars for research and development and investors are betting on the companies that will turn out new products.

Overview: Healthcare Stocks

The 2 main groups within the healthcare industry are healthcare equipment and services and pharmaceuticals, biotechnology and related life sciences. 

Industry leaders such as Pfizer (NYSE: PFE) and Merck and Co. (NYSE: MRK) can hold value during recessions. As the healthcare market hit lows during the coronavirus scare, these blue-chip companies brought hope for a vaccine from Gilead Sciences (NASDAQ: GILD), Inovio Pharmaceuticals (NASDAQ: INO) and others. Smaller stocks piggybacked on the positive attention and attracted investors.

Penny stocks provide some of the best opportunities for short-term gains in the healthcare industry. The coronavirus also created many buying opportunities and depressed the prices of stocks across the board. 

Best Online Brokers for Healthcare Stock

The broker you choose will likely affect the success of your trades within the healthcare industry. If you are a short term trader, it’s especially important that you pick an online broker that you can trust. You’ll need a broker with good execution, an intuitive user interface to minimize human error and a timely news service for up-to-the-second reports. 

Consider these online brokers as a great match for your investment style. Certain brokers don’t deal in penny stocks, so make sure you pick a broker that does. 

Brokers that deal with penny stocks may also charge additional commissions, depending on how difficult the stock is to obtain. Consider these fixed costs in your investments.

Best For
Intermediate Traders and Investors
Overall Rating
Get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in mutual funds, bonds or OTC stocks
Best For
Futures Trading
Overall Rating
Get started securely through TradeStation’s website
Best For
Futures Trading
N/A
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Best For
Options Trading
Overall Rating
Get started securely through TD Ameritrade’s website
Best For
Options Trading
N/A
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates
Best For
Advanced traders
Overall Rating
Get started securely through Moomoo’s website
Best For
Advanced traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For
  • Cost-conscious traders
  • Novice traders
  • Active/Advanced traders
Pros
  • Free Level 2 market data for all users who open an account
  • Commission-free trading in over 5,000 different stocks and ETFs
  • Over 8,000 different stocks that can be sold short
  • $0 contract fee for trading options, no commission either
  • Strong market data and analysis tools with over 50 technical indicators
  • Access trading and quotes in pre-market (4 a.m. to 9:30 a.m. ET) and post-market hours (4 p.m. to 8 p.m. ET)
  • No minimum deposit to open an account.
  • Active trading community with more than 100,000 app users
Cons
  • No phone or chat support

Profit from Healthcare Penny Stocks

Healthcare is an important investment sector to watch. It may become more volatile than normal and provide many trading opportunities. 

Don’t let the lure of quick profits distract you from proper research to vet trades. There are plenty of opportunities to make money, but profitability can come at the expense of unprepared investors. Learn how to trade penny stocks and put your healthcare research to work.

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