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Wearable devices will continue to merge with daily life through 2020. You probably know by now that it's more than just watches – our top penny stock to buy right now is a company that plugs directly into your brain.
And it's awaiting a 382% catalyst.
Penny stocks usually trade for around $5 or less. Their low price allows them to take more significant percentage leaps on a regular day than, say, an Apple Inc. (NASDAQ: AAPL) or Amazon.com Inc. (NASDAQ: AMZN).
The share price on penny stocks is typically more responsive to a recent event or trend related to the company. With penny stocks involved in technology or healthcare, you can often look for successful test data or FDA approval to double or triple the stock price.
For example, BioNano Genomics Inc. (NASDAQ: BNGO) shot up 107.33% almost immediately after one of its technologies was adopted by the University of Iowa last year.
Our penny stock today has the potential to nearly quadruple that gain.
No, it's not the Neuralink – Elon Musk's brain-computer interface, which is testing this year. In fact, this might even be more valuable.
This company is meeting an urgent need in a market of 217 million people, and its technology could change life as we know it.
Like the Neuralink, the technology is testing in 2020, right on pace with the next generation of wearables. That is, it's more than a step counter or a blood pressure gauge. And it's certainly not a vanity item.
You can bet this technology will eventually be connected to millions of brains worldwide.
That's why the average analyst predicts a gain of 382% for our penny stock this year. It's highly likely if the technology gets approved by the FDA. But the initial price surge is just the beginning.
You might not have seen this coming…