Author: Adnan Rafique M.D.
Entrepreneur and Life coach
When you invest in the stock market, always know your risk appetite. I’m usually looking for quality names with high growth potential in the next 3-5 years. My risk appetite is low, not more than 10-15% of my total portfolio is in high-risk/high-reward names. Some of you may want to take more risk and some may not want to be in any high risk names.
Below is the list of some high risk but potentially high rewarding names, which can give you massive growth in the next 2-3 years. Keep in mind, I’m not a financial advisor or a stock expert. Please do your own research and don’t make decisions on the basis of my research.
1- American Battery Metals Corporation (ABML): ABML is not a very small company, with a market cap of $1.5 Billion, American Battery Metals Corporation engages in the exploration, mining, extraction, and recycling of lithium battery metals. It owns 647 placer mining claims on approximately 12,940 acres in the Western Nevada Basin, situated in Railroad Valley in Nye County, Nevada.
2- Gevo, Inc. (GEVO): Is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. Market cap of $1.2 Billion.
3- Zomedica, Corp. (ZOM): Zomedica Corp. operates as a development stage company. It creates products for companion animals by focusing on the unmet needs of clinical veterinarians. Apparently, investors are buying the stock ahead of Zomedica's upcoming launch of its Truforma point-of-care diagnostic platform for cats and dogs on March 30. It has a market cap of over $700 Million. I don’t think this company has any revenue yet.
4- Transenterix, Inc. (TRXC): TransEnterix, Inc. is a medical device company. It focuses on commercialization of Senhance System, that digitizes laparoscopic minimally invasive surgery. It offers the Senhance Surgical Robotic System, which offers robotic surgery for laparoscopic abdominal and pelvic surgery. Intuitive surgical ( ISRG)is the giant in this robotic surgery sector, TRXC is nowhere near a threat for ISRG but with improved product, it can share a big load of these surgeries internationally and locally and increase its current market cap of $530 Million.
5- WIMI Hologram Cloud, Inc. (WIMI): WiMi Hologram Cloud Inc. provides augmented reality (AR) based holographic services and products in China. It operates in two segments, Augmented Reality, and AR Entertainment. The company primarily offers holographic AR advertising services and holographic AR entertainment products. stock is higher by 950.67% since Tuesday, March 31, 2020 when the stock began trading and the average rating from Wall Street analysts is a buy. The current market cap is close to $500 Million.
6- Bionano Genomics, Inc. (BNGO): Bionano Genomics, Inc. operates as a life sciences instrumentation company in the genome analysis space. This stock has attracted some very big names like ARK Invest. The current market cap is $1.5 Billion.
7- Blackberry Limited (BB): BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity; safety and data privacy; and endpoint security management, encryption, and embedded system. BlackBerry can be a great turn around story, since it has entered into autonomous car technology and AI.
8- Microvision, Inc (MVIS): MicroVision, Inc. develops scanning technology to create a high-resolution miniature projection and three-dimensional sensing and image capture solutions under the PicoP brand name in the United States. The company’s products are used in interactive and non-interactive projected displays; 3-D perceptive light detection and ranging (LiDAR) sensing for consumer electronics; augmented/mixed reality; and 3-D Perceptive LiDAR sensing for automotive active collision avoidance systems. The current market cap is close to $1 Billion.
9- Mind Medicine, Inc. (MMEDF): Mind Medicine (MindMed) Inc., a psychedelic medicine biotech company, discovers, develops, and deploys psychedelic inspired medicines and therapies to address addiction and mental illness. Its drug pipeline has a great potential but the risk is always with disapproval by FDA.
10- GLU Mobile, Inc. (GLUU): Glu Mobile, Inc. engages in developing, publishing, and marketing a portfolio of games designed for users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts such as Apple App Store and Google Play Store. Current market cap is $1.7 Billion.
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References: Thanks to Seeking Alpha and Investopedia for content and research material.
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