4 Penny Stocks That Could Turn $1,000 into $10,000 in a Year

Turning $1,000 into $10,000 in a year in the stock market is undoubtedly a lofty goal. Make no bones about it, it’s not particularly likely to happen. Indeed, such an endeavor requires a penchant for risk and speculation. Additionally, investors may need to hone their efforts on particular high-growth sectors. One such group of penny stocks with 10x upside potential happens to be found in the biotech space.

Penny stocks in the biotech sector can certainly produce massive profits. Of course, these companies also carry very high risk. The question is whether the market believes, at a given point in time, whether said company’s potential products will hit the market. And if they do, what sort of market share such drugs could attain.

It’s a gamble.

That said, these four penny stocks are worth considering.

EFTReFFECTOR Therapeutics$0.54
SYBXSynlogic$0.53
ALZNAlzamend Neuro$0.53
Get TickerClick here for the name and ticker$5.00

eFFECTOR Therapeutics (EFTR)

OLK Stock. Modern Medical Research Laboratory: Two Scientists Wearing Face Masks use Microscope, Analyse Sample in Petri Dish, Talk. Advanced Scientific Lab for Medicine, Biotechnology. Blue Color. KZR stock. RSLS stock

Source: Gorodenkoff / Shutterstock.com

eFFECTOR Therapeutics (NASDAQ: EFTR) is certainly a prime example of the idea that pioneers in a specific niche can be worth a lot of money down the road. Building something novel and useful has led to riches over and over throughout history.

In the case of EFFECTOR Therapeutics, the company’s goal is to develop a new class of oncology drugs called selective translation regulator inhibitors (STRIs). This new class of drugs promises to inhibit the production of proteins that cancer cells utilize, thus preserving cell function.

eFFECTOR Therapeutics’ lead candidate, Tomivosertib, is currently in Phase 2b trials for treatment of non-small cell lung cancer. Another drug is being studied in Phase 1 and 2 clinical programs, while yet another is partnered with Pfizer (NYSE:PFE) in a study on solid tumors.

These are some very promising steps. However, investors in EFTR stock still need to rely on specific milestones being hit. That’s biopharma investing 101.

That which looks promising often never bears out. But when it does, 10X returns over the span of a year are entirely possible. This is the sort of risk/reward bet investors are making with eFFECTOR Therapeutics, as suggested by its consensus analyst target price.

Synlogic (SYBX)

Biochemical/biotech research scientist team working with microscope

Source: Mongkolchon Akesin / Shutterstock.com

Synlogic (NASDAQ:SYBX) is another biotech company, this time promising to treat diseases with high unmet need. It is a synthetic biology company focused on harnessing the power of artificial molecules and programmed genes to fight disease.

In particular, Synlogic is focused on creating a therapeutic for a disorder you may have heard of before – phenylketonuria. It’s a disorder in which patients cannot metabolize the amino acid phenylalanine. If that sounds familiar, it’s likely because diet soda often contains this amino acid. Warnings on the can may not always be heeded, but the reality is that phenylketonurics consumption can cause a rapid build-up in the blood called phenylketonuria, for certain patients.

Again, it’s a big guessing game as to whether SYBX skyrockets or not. Analysts appear to believe that such potential is possible, given the average consensus target price for SYBX stock right now. However, the fact that this company trades at around 54 cents per share at the time of writing highlights the risk of holding this stock right now.

Alzamend Neuro (ALZN)

PRTA stock alzheimer's disease with MRI.

Source: Atthapon Raksthaput / Shutterstock.com

Alzamend Neuro (NASDAQ:ALZN) is another stock trading below the 55 cent level I think is worth considering. Despite ALZN stock holding a current consensus price target of only $6.75, I think there’s the potential for much greater gains over the long-term.

That’s mostly because this company has promising candidates for both Alzheimer’s and Bipolar disorder, two key diseases with very important end markets.

For these key diseases, the company is proposing two lead candidate drugs, ALZ001 and ALZN002. AL001 is a patented combination of lithium, proline, and salicylate being studied for its potential to treat Alzheimer’s, bipolar disorder, major depressive disorder, and post-traumatic stress disorder. ALZN002 might one day be used as a vaccine to restore patient immunological response to combat Alzheimer’s.

The company announced the initiation of Phase I/IIA trials of ALZN002 in treating mild to moderate Alzheimer’s dementia in early April. It takes cells from the patient and processes them outside the body to induce immunogenicity before reintroducing them into the patient’s body. If the company can commercialize that process with FDA approval, it will make a lot of money for investors.

Our Top Pick: Grab This $5 Stock BEFORE Apple Project Goes Live

After nearly a decade of research and development…

Apple is preparing to unveil a brand-new device unlike anything it's ever attempted before… code name: Project Titan.

It could be 10X bigger than the iPad, the MacBook and the iPhone combined…

And my research shows that one tiny $5 tech company is perfectly positioned to help Apple make it all possible.

The numbers I've crunched indicate that this tiny, little-known stock could soar 40X once Apple's new device goes live.

And that's not hyperbole… because after over 7 months of research…

I'm now more confident now than ever that this could be Apple's biggest project to date.

It stands at the center of an emerging industry Bloomberg forecasts will grow as much as 19,254% in the coming years…

And Morgan Stanley analyst Katy Huberty says Project Titan is… “the clearest path to doubling Apple's revenue and market cap.”

It's no wonder whales like Warren Buffet and Nancy Pelosi's husband have recently put millions into Apple – despite everything going on in the economy today.

But there's a better way to tap into this opportunity… one with much more potential upside.

Click here to get the full story behind Project Titan, plus details on the $5 stock that could soar 40X once this revolutionary Apple device goes live!


Originally posted on Investorplace.com

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ELON’S FINAL MOVE

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
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FREE ACCESS TO CHAIKIN ANALYTICS

Marc Chaikin has developed a system  over the past 50 years…

A website that shows you which stocks could soon rise by 100% or more, by typing in any of 4,000 tickers.

Today, he’s allowing me to offer you free access to the system here, as part of a major new prediction he’s making.

Enter your email for access, and get his free recommendation.



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A new ground-floor opportunity for 8,788% returns has emerged but you must act by December 31st…
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“The Forever Battery”

Secret Startup Cracks the Battery Code — Wall Street Legend Predicts a 1,500% Surge in Electric Car Sales Over the Next 4 Years…

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3 High-Yield Dividends for Guaranteed Passive Income

Here are the best dividend stocks for smart investors to secure a steady & reliable “second income”. Our top pick is trading for just $2.
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New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” It promises to revolutionize the driving experience and hand investors MASSIVE profits.
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Forget 99% of Tickers - Just Use This One

Larry Benedict is sharing a crazy over-the-shoulder “demo” (less than 10 seconds). Learn how to make all the money you need – in any market – using a single stock.
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Is Amazon Obligated to Pay You?

Thanks to a U.S. law, you can claim your slice of this jackpot and collect up to $48,000 over the next year.

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#1 Energy Pick

This little-known Silicon Valley company is using AI to do something incredible…
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#1 EV Breakthrough of 2022

Louis Navellier is about to give away the ticker symbol of an overlooked battery company… one set to skyrocket in value as the EV boom gets underway. 
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Anyone can invest like “The People’s Shark” with as little as $100

You no longer have to be rich, famous, or powerful to become an angel investor. Starting now, it’s possible for you to get involved in these life-changing deals.
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Is L.A.S.E.R. The Greatest Tech Breakthrough in History?

A $3.5 trillion megatrend… spearheaded by Elon Musk is bringing what could be the most disruptive, revolutionary tech breakthrough the world has ever seen, with one small company sitting at the center.
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2,467% Return on Israeli Laser Company

Learn the 3 Steps You Need to Protect Your Retirement and One Stock that Could Soar 2,476% in Nine Months.
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One Tweet From Elon Could Blow This Story Wide Open

Last year, anyone who listened to this man about Tesla could’ve made EIGHT TIMES their money. Now he’s revealing how Elon’s NEXT big move will revolutionize ANOTHER massive $23 trillion market.
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$25 to Profit from 20,000 IPOs

Days from now — 20,000 ‘IPOs’ could start flooding the market…
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"Bio-Chip" Sparks Potential 199,900% Surge by 2025

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By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works