Q2 STOCKS TO BUY

2 Penny Stocks Jumping Out of the Gate

Analysts are surprisingly bullish on PRTK stock

Aug 30, 2019 at 10:30 AM
facebook X logo linkedin


Healthcare stocks Paratek Pharmaceuticals Inc (NASDAQ:PRTK) and Akari Therapeutics PLC (NASDAQ:AKTX) both made headlines with strong moves out of the gate. Let's take a moment and check out how the shares of PRTK and AKTX are trading. 

PRTK was last seen trading up 5.6% at $3.58, thanks to positive data around the company's skin infection treatment Nuzyra. This move does little to help the stock from a longer term perspective, since it was trading in double-digit territory this time last year, and has been trending lower since then, hitting an all-time low of $2.87 at the start of August.

Amazingly, analysts are overwhelmingly bullish on the shares, with eight of nine in coverage handing out "strong buy" recommendations. However, short interest remains high, and these bears may be hedging with call options, since the Schaeffer's put/call open interest ratio (SOIR) of 0.05 ranks in the bottom annual percentile -- show a very unusual call-skew among short-term speculators.

As for AKTX, the shares are up 12% at $2.16, after the company said the Food and Drug Administration (FDA) granted "orphan drug" status to nomacopan, a treatment for a rare clotting condition. Still, Akari has been weak longer term, struggling since its breakout to $9.20 in March. In fact, the shares have spent more of the past year hovering near the $2 mark.

As for sentiment, there are just two analysts covering AKTX, and both recommend buying the shares. Their average 12-month price target is $7.50.

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter