Is This Beaten-Down Stock a Buy Near Its 52-Week Low?
Penny stocks -- companies with shares trading at around $5 or even less apiece -- usually carry above-average risk. However, there may be hidden gems among them: companies with attractive prospects that continue to be ignored by most investors. Identifying those penny stocks with significant latent upside potential and investing in them before they catch fire can lead to life-changing returns.That brings us to Iovance Biotherapeutics (NASDAQ: IOVA), a small-cap biotech that has significantly lagged the market over the past year. The stock trades below $2 per share, around its 52-week low. But many, including some Wall Street analysts, think it's deeply undervalued. Should investors take a chance on Iovance?Image source: Getty Images.Continue reading
Penny stocks -- companies with shares trading at around $5 or even less apiece -- usually carry above-average risk. However, there may be hidden gems among them: companies with attractive prospects that continue to be ignored by most investors. Identifying those penny stocks with significant latent upside potential and investing in them before they catch fire can lead to life-changing returns.
That brings us to Iovance Biotherapeutics (NASDAQ: IOVA), a small-cap biotech that has significantly lagged the market over the past year. The stock trades below $2 per share, around its 52-week low. But many, including some Wall Street analysts, think it's deeply undervalued. Should investors take a chance on Iovance?
Image source: Getty Images.
