Healthcare firms dominated last week's 10 top penny stocks to buy, accounting for nearly half of the list.
In fact, the best healthcare penny stock, CordMedix Inc. (NYSE: CRMD), locked in a 44% gain on news that the company is likely to achieve nearly 8% earnings-per-share growth by the end of the year.
While we can't cash in on CordMedix's gains now, we can use data from last week's top penny stocks to determine which penny stocks could jump next.
After looking at last week's top penny stocks, we'll show a penny stock with serious breakout potential. You won't want to miss this…
|Penny Stock||Sector||Current Share Price||Last Week's Gain|
|Orchids Paper Products Co. (NYSE: TIS)||Consumer Goods||$1.57||88.05%|
|Dixie Group Inc. (NASDAQ: DXYN)||Industrial Goods||$1.44||56.70%|
|Zedge Inc. (NYSE: ZDGE)||Technology||$2.80||53.34%|
|Dogness International Corp. (NASDAQ: DOGZ)||Consumer Goods||$3.12||50.44%|
|CorMedix Inc. (NYSE: CRMD)||Healthcare||$1.30||44.07%|
|MiMedx Group Inc. (OTCMKTS: MDXG)||Healthcare||$3.38||31.95%|
|Bio-Path Holdings Inc. (NASDAQ: BPTH)||Healthcare||$0.59||29.50%|
|Real Goods Solar Inc. (NASDAQ: RGSE)||Industrial Goods||$0.71||28.30%|
|AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX)||Healthcare||$3.57||27.82%|
|CBAK Energy Technology Inc. (NASDAQ: CBAK)||Technology||$0.73||22.81%|
Most of the healthcare companies in last week's top penny stocks are biopharmaceutical firms developing cutting-edge treatments that, if successful, will be worth a fortune.
You see, Americans' prescription drug use has risen nearly 100% over the last 20 years. In fact, Americans filled nearly 4.5 billion drug prescriptions last year.
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And this growth isn't slowing down anytime soon. The industry is expected to expand by an additional 5% in 2019. That's an additional 225 million prescriptions.
It's a spectacular profit opportunity. However, with over 2,800 penny stocks trading on the major exchanges, it can be difficult to find the one penny stock that's going to benefit the most from explosive growth in the pharmaceutical industry.
That's why we've identified one penny stock that's perfectly positioned to cash in on this wave.
It's a little-known pharmaceutical firm developing revolutionary treatments for an array of medical maladies.
It has the potential to skyrocket an incredible 950%.
And it's only trading for $0.54 a share…