As their catalysts play out, Organovo Holdings, Inc. (NASDAQ: ONVO), Waitr Holdings Inc. (NASDAQ: WTRH), and Aditxt, Inc. (NASDAQ: ADTX) are dominating the top gainers’ list today and continue to stir conversations among investors as some of the best NASDAQ penny stocks to BUY! Get alerts on the best entry points for these stocks and SO MUCH MORE!
NASDAQ Penny Stocks to buy #1: ONVO
Since its inception, the (3D) biology company Organovo Holdings, Inc. (NASDAQ: ONVO) has been known for delivering scientific and medical breakthroughs using novel technologies. Two months ago, the company announced it has successfully advanced its first inflammatory bowel disease (IBD) model to the next step of target discovery and validation for Crohn’s disease. Given that Crohn’s disease is now more common than ever with an estimated 1 million patients in the US only, investors are quickly realizing ONVO’s underlying potential.
Because ONVO’s models attempt to mimic the architecture, cell diversity, and function of the human gut in healthy and disease states, Jeff Miner, Ph.D. – Chief Scientific Officer – is bullish saying: “a functional Crohn’s disease model represents a milestone achievement for Organovo and a key next step on our path to finding novel drugs”.
In the next phase, the company will target identification and validation with plans to complete it by Q2 2023. Upon validation of targets, we believe the potential of using 3D models in a given application will be realized and that the use of 3D tissue technologies will be substantially de-risked. In light of these plans, ONVO has seen major increase in its trading volume and more and more investors are watching it closely…
$ONVO beast traded it years ago ran to about 12 doubt I’ll do the same thing now but worth to grab the meat 🥩 of the move 📈 pic.twitter.com/phfkcQQEdP
— JC Capital Consultants (@CapitalJc) July 8, 2022
Over the next few years, ONVO intends to develop multiple pipeline programs and have multiple IND filings that will enable it to progress innovative breakthrough drugs discovered in the company’s 3D tissue systems into clinical trials. As of now, the company is working on additional advanced IBD disease models representing different aspects of the disease. These initiatives will enable ONVO to leverage the scientific knowledge from its disease models to expand and form development deals and partnerships with various pharmaceutical companies.
After cooling off from its recent run-up, ONVO is now trading at $3.06 with resistance at 3.39 along with support at 2.06 and 1.83. Despite this increase in its PPS, ONVO’s accumulation has been witnessing a steep decline after being relatively steady for the past couple of weeks. However, the RSI is holding at 78 and the MACD is bullish to the upside.
The fall in accumulation could be the result of investors cashing out for profits following the run-up. Despite this, the high RSI indicates the stock is still overbought and the MACD highlights investors’ bullish sentiment. Get alerts on the TOP NASDAQ penny stocks investors are watching.
NASDAQ Penny Stocks to buy #2: WRTH
Waitr Holdings Inc. (NASDAQ: WTRH) announced today a new partnership with Burq – a software logistics delivery provider, that will allow deliveries from several new retail industries. Under the terms of the agreement, WTRH will begin delivery from retailers in several lucrative industries including apparel, fashion, and luxury.
Given that Burq works with retailers from multiple industries and mainly carries out specialty products that aren’t found in mainstream supermarkets, this partnership enables WTRH to achieve its vision of providing same-day delivery for in-demand products. In fact, CEO Carl Grimstad believes “this new partnership with Burq is another noteworthy step toward accomplishing WTRH’s mission.”
Clearly, the company has been making a lot of effort to expand and position itself in this lucrative market. With this second major retail delivery partnership, WTRH is quickly transitioning into its broader “delivery anything” model and expanding its best-in-class food delivery services to a much greater range of products.
$WTRH will pr soon pic.twitter.com/C7xj0VIaah
— brentkhack (@brentkhack) July 10, 2022
Now that investors are waiting for a PR announcement from the company regarding its upcoming plans, many are watching WTRH closely these days….
After cooling off from its run-up, WTRH is now trading at $.3495 with a near resistance at .3643 and solid support lines at .1672 and .1498. Accumulation has been climbing steadily and the MACD has seen a series of bullish crossovers and shows no sign of a reversal anytime soon. Meanwhile, the RSI is holding at 75 – indicating the stock is slightly overbought.
NASDAQ Penny Stocks to buy #3: ADTX
As of July 8th, Aditxt, Inc. (NASDAQ: ADTX) a biotech innovation company developing and commercializing technologies to monitor and reprogram the immune system, announced that its therapeutic program: Adimune, has successfully completed a toxicology study that indicates the safety profile of ADI™-100, the company’s immunotherapeutic technology drug. ADTX flagship drug is known to address rejection of transplanted organs, skin allografting, autoimmune diseases and allergies.
Joachim-Friedrich Kapp – ADTX Senior VP of Clinical Development-Autoimmunity – believes that the company’s findings are very promising as the “drug is truly antigen-specific in the treatment of autoimmune diseases”.
Additionally, CEO Amro Albanna is bullish on the company’s future as the encouraging toxicology results of ADI™-100 illustrate ADTX’s commitment to advancing promising technologies to address the rising unmet needs of patients with autoimmune diseases and those needing life-saving organ transplantation procedures.
Following its massive run-up recently, ADTX is now trading at .237 with a newly formed resistance at .2868. The stock has strong support at .1667 and .1393. Accumulation has dropped significantly after the stock’s recent run-up as investors cashed out for profits. Similarly, the RSI has been dropping but is now holding at 57 and the MACD is bullish but seems poised for a bearish crossover.
Since we called it, ADTX saw a 76.1% increase. As the company releases more information regarding its progress, ADTX could retest its newly formed resistance and reach new highs in the coming months. If you wanna get alerts on the BEST penny stock runners BEFORE they run, sign up here FOR FREE!!
BOTTOM LINE
As their catalysts play out, these 3 NASDAQ stocks could prove profitable long-term investments. To make returns on your investments, all you need is a good entry point on a promising stock. We’re here to help you find the best with our free alerts!
As always, good luck to all (except the shorts)!
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Disclosure: We have no business relationship with any company whose stock is mentioned in this video. Viral Stocks is not an investment advisor and this video does not provide investment advice. Always do your own research, make your own investment decisions, or consult with your nearest financial advisor. This video is not a solicitation or recommendation to buy, sell, or hold securities. This video is our opinion and is meant for informational and educational purposes only and does not provide investment advice. Past performance is not indicative of future performance.
