10 Best Stocks Under $3 to Buy Now

7. OPKO Health, Inc. (NASDAQ:OPK)

Share Price: $1.84

Number of Hedge Fund Holders: 22

OPKO Health, Inc. (NASDAQ:OPK) is a multinational company that is focused on diagnostics and biopharmaceuticals. The company has operations in the US, Mexico, Chile, Spain, Ireland, and Israel. OPKO Health, Inc.’s (NASDAQ:OPK) marketed therapies are sold throughout the world thanks to the company’s commercial partnerships with global pharmaceutical companies. OPK is one of the best stocks under $3 to invest in.

The company is currently focused on streamlining operations and enhancing financial flexibility through a series of transactions to support its long-term growth plans. In 2024, OPKO Health, Inc. (NASDAQ:OPK) successfully reduced its common share count by 81 million shares or 10% of shares outstanding. The company also generated $166.6 million from selling GeneDx shares, with an additional $51.7 million received after December 31, 2024. In September 2024, OPKO Health, Inc. (NASDAQ:OPK) sold a portion of BioReference Health’s laboratory testing businesses focused on clinical diagnostics and women’s health for a purchase price of $237.5 million. More recently, on March 11, 2025, OPKO Health, Inc. (NASDAQ:OPK) announced an agreement for Labcorp to acquire select assets of BioReference Health for up to $225 million, including $192.5 million at closing and $32.5 million in an earnout based on performance. These moves aim to help the company simplify its operations and improve its financial position.