Top GME Redditor DeepFuckingValue Names HGEN As A Top Pick Plus Other COVID And NFT Plays - IPA, GOVX, WKEY, KBSF

DeepFuckingValue, also known as Roaring Kitty, is the prolific GME investor who has led the shorting squeeze charge. A Reddit poster recently broke down his top picks outside of GME, as shown in an image of his notebook:




The one that stands out the most is HGEN. At the time of this note, HGEN was $19.59. It closed today at $17.74, below this price and the price of the $18.50 offering it just closed on Monday. HGEN announced Positive Phase 3 Topline Results Demonstrating That Lenzilumab™ Improves Survival Without Need for Mechanical Ventilation in Hospitalized Patients With COVID-19. The stock shot up to $29 on a short squeeze fueled rally after the news but pulled back as the company raised the $92.5 million. 

Usually investors view financing as bad news, but this is done with a distinct purpose. The company is going to be manufacturing Lenzilumab in advance of expected Emergency Use Authorization granted by the FDA. The timing of this grant is expected to happen in weeks, so speculative investors will be buying up the stock in anticipation of this decision. In addition to being one of DFV's top picks, HGEN remains a strong short squeeze candidate with a 26% short interest according to Yahoo Finance. 

COVID plays have been cooling off because of the strong vaccination rollout in the United States. But it remains to be seen if the currently available vaccines are so effective against the new strains, particularly the Brazilian one. Other countries like Canada and Brazil have had poor vaccine rollouts and deaths are still high. There is plenty of opportunity for HGEN and other stocks looking to minimize the death toll from COVID.

Another COVID stock to pay close attention to is IPA. It raised recently after a popular investor on Twitter with over 500,000 followers named Jonah Lupton made it one of his top picks and is interviewing IPA's CEO on Wednesday. ImmunoPrecise recently announced that it Identified a Unique Antibody, 23-H7, That Demonstrates In Vivo Efficacy, an Alternative Mechanism of Action and Binds all Tested SARS-CoV-2 Variants of Concern. This is in addition to its other COVID work. IPA also shows excellent financial results for a biotech company, with strong revenue growth and positive EBITDA recorded in the last quarter. 

GOVX is the cheapest COVID stock with a $27 million market cap but has over $20 million in cash. It's working on a single dose vaccine that could be less susceptible to virus mutations. 

WKEY is our top NFT pick. It has released multiple news releases updating the market about its NFT and security business initiatives. It's a far stronger play than TKAT, despite trading at half of its market cap. WKEY needs to double in price just to come in line with TKAT's valuation. 

KBSF is another one that we were first to guess that it could be an NFT pick. That guess just got a lot more definitive this week as the company promoted a man with blockchain and NFT experience to CTO. We expect some news on NFT to come soon after this. With only 1.6 million share float, KBSF has the best potential to make a major move that more than doubles the stock price. 

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