3 Penny Stocks For The Oil Rally benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Penny stocks are very risky, which is why they have such low prices. Many of the companies in this risky part of the market will go bankrupt.
Most penny stocks aren t followed by the Wall Street brokerage firms. It s not worth their time. The brokerage firms wouldn t recommend that their clients invest in them.
The following three companies may be different. They re followed closely by Wall Street as firms analyze them, attempt to value them and produce research about them.
Fortress Biotech (NASDAQ:FBIO) is a biopharmaceutical company that makes dermatology pharmaceutical and biotechnology products.
This company is followed by three Wall Street research firms. All have it rated as a Strong Buy. The average target price is $10.50 per share, which is almost three times higher than where the stock is trading.