5 Popular Penny Stocks On Robinhood

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1. Immunic, Inc. (NASDAQ:IMUX)

Share Price as of October 27: $1.84

Number of Hedge Fund Holders: 15

Immunic, Inc. (NASDAQ:IMUX) is a clinical-stage biopharmaceutical company that focuses on the development of oral therapies for the treatment of chronic inflammatory and autoimmune diseases. Immunic, Inc. (NASDAQ:IMUX) is trending on Robinhood and has a 3-month average trading volume of 3.2 million, as of October 27. The stock is ranked among the best penny stocks to buy now.

Immunic, Inc. (NASDAQ:IMUX) has come to the attention of institutional investors, Wall Street analysts, and retail investors. On September 19, H.C. Wainwright analyst Gobind Singh took coverage of Immunic, Inc. (NASDAQ:IMUX) with a Buy rating and a $26 price target. Over the past 3 months, the stock has received 3 Buy ratings and 1 Hold rating from Wall Street analysts. The stock’s average price target sits at $18.25 and implies an upside of 914% from current levels. On October 24, Steve Cohen’s Point72 Asset Management disclosed that it owns roughly 1.91 million shares of Immunic, Inc. (NASDAQ:IMUX), which represents a 4.9% stake in the company.

At the end of Q2 2022, 15 hedge funds were bullish on Immunic, Inc. (NASDAQ:IMUX) and held stakes worth $20 million in the company.

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You can also take a look at 10 Best TSX Stocks To Buy and 10 Best International Dividend Stocks To Buy.

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