10 Best Nasdaq Stocks Under $5 to Buy

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1. Geron Corp. (NASDAQ:GERN)

Current Market Price: $2.82

Number of hedge funds: 29

Geron Corp. (NASDAQ:GERN) is a commercial-stage biopharmaceutical company focused on developing innovative cancer therapies. Their lead product candidate, imetelstat (RYTELO), is a telomerase inhibitor designed to target cancer stem cells. It has shown promise in treating hematologic malignancies, particularly myelofibrosis and other blood cancers.

In Q3 2024, Geron Corp. (NASDAQ:GERN) reported $28.2 million in net revenue following the successful launch of RYTELO in the U.S. in June 2024. The company expects to generate $45-$46 million in revenue for Q4 2024. During its January 2025 corporate presentation, Geron highlighted a significant market opportunity for RYTELO, driven by high unmet needs and significant product differentiation in treating lower-risk myelodysplastic syndromes (LR-MDS). Management estimates potential net revenue exceeding $1.0 billion by treating only one-third of treatment-eligible patients. The market is poised to expand significantly as the company awaits a potential approval decision by the European Commission in the first half of 2025. If approved, Geron Corp. (NASDAQ:GERN) plans to commercialize RYTELO in select EU markets starting in 2026.

While we acknowledge the potential of GERN to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GERN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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