Investing in penny stocks is fraught with risks. Generally marked by inconsistent financials, clouded governance, regulatory hurdles and not-so-transparent reporting, penny stocks are not for the faint-hearted.
However, if you sift through the dirt, you may find diamonds such as Amazon (AMZN) or Nvidia (NVDA) which were once penny stocks. To that end, analysts believe a penny stock from the biotech sector can be one of those winners.
