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What Are the Top Healthcare Penny Stocks to Watch in 2021?

Sophia FloerschVerified
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Summary：Looking to invest in healthcare penny stocks? Check out the top companies to watch in 2021, including Avinger Inc., Akers Biosciences Inc., and Dynavax Technologies Corporation.

The healthcare industry has always been a popular investment choice, and penny stocks in this sector are no exception. If you're looking to invest inhealthcare penny stocks, you need to be aware of the top companies to watch in 2021.

Top Healthcare Penny Stocks to Watch in 2021

1. Avinger Inc. (AVGR)

Avinger Inc. is a medical device company that develops and commercializes products for the treatment of peripheral artery disease. The company's Lumivascular platform utilizes real-time imaging technology, which provides physicians with a highly accurate view of the inside of arteries. This technology helps physicians to treat PAD more effectively.

2. Akers Biosciences Inc. (AKER)

Akers Biosciences is a medical diagnostic company that develops, manufactures, and sells rapid diagnostic tests for use in hospitals, clinics, and home settings. The company's flagship product, PIFA Heparin/PF4 Rapid Assay, is a diagnostic test that helps physicians detect heparin-induced thrombocytopenia.

3. Dynavax Technologies Corporation (DVAX)

Dynavax Technologies Corporation is a biopharmaceutical company that develops vaccines and therapies for infectious diseases, cancer, and autoimmune disorders. The company's lead product, HEPLISAV-B, is a vaccine for the prevention of hepatitis B infection in adults.

Investment Strategies for Healthcare Penny Stocks

Penny stocks are known for their volatility, which makes them a popular choice for day traders and swing traders. However, if you're looking to invest in healthcare penny stocks for the long term, you need to be aware of the risks involved.

Here are someinvestment strategiesthat can help you minimize the risks of investing in healthcare penny stocks:

1. Do your research

Before investing in any penny stock, you need to do your research. Look at the company's financial statements, earnings reports, and news releases to get a better understanding of the company's financial health.

2. Diversify your portfolio

Investing in healthcare penny stocks can be risky, so it's important to diversify your portfolio. Don't put all your eggs in one basket; spread your investments across different sectors and industries.

3. Set realistic expectations

Investing in penny stocks can be a high-risk, high-reward proposition. Set realistic expectations for your investments and don't expect overnight success.

Conclusion

Investing in healthcare penny stocks can be a lucrative opportunity for investors who are willing to take on some risks. However, it's important to do your research, diversify your portfolio, and set realistic expectations for your investments. By following these strategies, you can minimize the risks and increase your chances of success in the healthcare penny stock market.

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healthcare penny stocksAvinger Inc.Akers Biosciences Inc.Dynavax Technologies Corporationinvestment strategies
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