Penny stocks are often considered risky investments that can potentially blow up your portfolio. Many of these low-priced stocks tend to follow trends and lack substantial business plans, making them a risky venture for investors. However, there are exceptions to this rule, and here are three penny stocks that stand out:
1. Longeveron (LGVN): Longeveron is a clinical-stage biotech company focused on developing cellular therapies for age-related and life-threatening conditions. Their lead investigational drug, Lomecel-B, has shown promising results in treating various diseases. In Phase 1 trials, infants receiving Lomecel-B had a high survival rate compared to historical data. While still risky, Longeveron shows potential for growth.
2. Airship AI (AISP): Airship AI is an AI-driven video, sensor, and data management surveillance platform primarily serving the public sector. The company recently secured a contract with the Justice Department, leading to a surge in its stock price. While the stock price fluctuated afterwards, Airship’s ability to scale up as more agencies sign on points to future growth potential.
3. Joby Aviation (JOBY): Joby Aviation is a leading electric vertical takeoff and landing (eVTOL) aircraft manufacturer working towards revolutionizing short-haul travel. The company recently received its Part 135 Air Carrier & Operator Certificate, allowing it to operate aircraft commercially. With substantial growth potential in the emerging urban air transport industry, JOBY stock presents a unique opportunity for investors.
While these penny stocks show promise, it’s important to note that investing in them comes with significant risks. It’s crucial to conduct thorough research and consider your risk tolerance before investing in penny stocks.