In this article, we will take a look at the 5 ChatGPT penny stock picks. To see more such companies, go directly to 11 ChatGPT Penny Stock Picks.
5. Sunworks, Inc. (NASDAQ:SUNW)
Number of Hedge Fund Holders: 3
Solar power solutions company Sunworks, Inc. (NASDAQ:SUNW) shares have lost about 73% over the past one year. Sunworks, Inc. (NASDAQ:SUNW)’ second quarter results show that its EPS in the quarter came in at -$0.34 missing estimates by $0.18. Revenue in the quarter fell 4.8% year over year to $34.64 million, missing estimates by $8.96 million.
A total of 3 hedge funds in Insider Monkey’s database had stakes in Sunworks, Inc. (NASDAQ:SUNW) as of the end of the second quarter.
4. Castor Maritime Inc. (NASDAQ:CTRM)
Number of Hedge Fund Holders: 4
Shipping company Castor Maritime Inc. (NASDAQ:CTRM) ranks 4th in our list of the ChatGPT penny stock picks. Castor Maritime Inc. (NASDAQ:CTRM) recently posted second quarter results. GAAP EPS in the period came in at $0.09. Revenue in the quarter fell about 39% on a YoY basis to $25.28 million.
As of the end of the second quarter of 2023, 4 hedge funds tracked by Insider Monkey had stakes in Castor Maritime Inc. (NASDAQ:CTRM). The biggest stakeholder of Castor Maritime Inc. (NASDAQ:CTRM) was Israel Englander’s Millennium Management which owns a $47,700 stake in the company.
3. Gevo, Inc. (NASDAQ:GEVO)
Number of Hedge Fund Holders: 8
Renewable chemicals and biofuels company Gevo, Inc. (NASDAQ:GEVO) ranks 3rd in our list of the top ChatGPT penny stock picks. Gevo, Inc. (NASDAQ:GEVO) recently posted second quarter results. Adjusted EPS in the quarter came in at -$0.06, meeting estimates. Revenue in the quarter jumped a whopping 4000% to $4.24 million but missed estimates by $0.25 million.
As of the end of the second quarter of 2023, 8 hedge funds in Insider Monkey’s database had stakes in Gevo, Inc. (NASDAQ:GEVO). The biggest stakeholder of Gevo, Inc. (NASDAQ:GEVO) during this period was D. E. Shaw’s D E Shaw which owns a $3.2 million stake in the company.
2. Vaxart, Inc. (NASDAQ:VXRT)
Number of Hedge Fund Holders: 11
Biotech company Vaxart, Inc. (NASDAQ:VXRT) is one of the penny stocks ChatGPT said have potential as of its cut-off date. Over the past one year the stock has lost about 71% in value.
Vaxart, Inc. (NASDAQ:VXRT)’s Q2 results were strong, however. Its GAAP EPS in the quarter came in at -$0.16, beating estimates by $0.02. Revenue in the quarter came in at $1.36 million, beating estimates by $1.28 million.
1. Ocugen, Inc. (NASDAQ:OCGN)
Number of Hedge Fund Holders: 12
Biopharma company Ocugen, Inc. (NASDAQ:OCGN) ranks 1st in our list of the ChatGPT penny stock picks. Ocugen, Inc. (NASDAQ:OCGN) fell in August after the company’s Q2 results indicated a delay in its development plans for inhaled vaccines. Ocugen, Inc. (NASDAQ:OCGN)’s management said the following during its Q2 earnings call:
“We plan to initiate Phase I/II trials by the end of 2023. We are also planning to initiate the Phase III clinical trial for regenerative cell therapy product candidate, Neocart, in the second half of 2024. This would mean Ocugen would have late-stage programs in gene and cell therapies in 2024. In an effort to conserve our working capital and advance our patient-centric agenda to develop a novel inhaled mucosal vaccine platform, we have submitted multiple proposals to obtain non-dilutive government funding and are having discussions with pertinent agencies to secure their support for our OCU500 vaccine series. Our first-in-class modifier gene therapy to treat multiple inherited retinal diseases remains unmatched industry wide. This unique gene-agnostic approach has the potential to address retinal diseases caused by mutations in multiple genes with one product.”
You can also take a peek at 15 Most Profitable Cutting Edge Technologies That Will Make You Rich and Dow 30 Stocks List: Ranked By Hedge Fund Bullishness Index.
