5 Best Psychedelic Companies to Watch

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1. COMPASS Pathways plc (NASDAQ: CMPS) 

COMPASS Pathways plc (NASDAQ: CMPS) is a mental health care company based in the United Kingdom but with operations in the United States and other countries as well. It is ranked first on our list of 10 best psychedelic companies to watch. The stock has returned close to 4% to investors over the past month. The firm develops psychedelic drugs for the treatment of ailments such as resistant depression. It has a market cap of over $1.3 billion and was formerly known as COMPASS Rx. 

In earnings results for the fourth quarter, posted on March 9, COMPASS Pathways plc (NASDAQ: CMPS) reported earnings per share of -$0.52, missing market estimates by $0.16. In April, the firm launched a public offering of four million AD shares. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Perceptive Advisors is a leading shareholder in COMPASS Pathways plc (NASDAQ: CMPS) with 797,404 shares worth more than $29 million.  

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 10 Best Nickel Stocks to Buy Now.

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