3 Incredibly Cheap Growth Stocks That Could Make You a Millionaire
Stocks with the ability to generate 10X returns on capital are a rare breed. However, they do exist. In recent times, several biotech stocks have produced gains well in excess of 1,000% for their early shareholders. For example, a $100,000 investment in Axsome Therapeutics back in January 2019 would be worth a whopping $1.2 million today. Under the same scenario, Moderna's stock would have yielded a mind-boggling $2 million payday.
The fact remains, though, that there is only a small handful of stocks that are truly capable of delivering these kinds of life-changing gains. But there is a common theme running through the tiny sliver of biotech stocks that have generated 10X returns on capital in the past.
In a nutshell, these companies always sport a cutting-edge platform that targets a massive, yet underserved, market. Bionano Genomics (NASDAQ: BNGO), BioCryst Pharmaceuticals (NASDAQ: BCRX), and NRx Pharmaceuticals (NASDAQ: NRXP) all appear to have the ingredients necessary to be the next group of millionaire-maker biotech stocks. Here's what investors need to know about these promising growth plays.
Source Fool.com
