10 Oversold Financial Stocks To Buy Right Now

4. Innventure, Inc. (NASDAQ:INV)

6-Month Performance: -43.10%

Number of Hedge Fund Holders: 3

Analysts Upside Potential: 105.39%

Innventure, Inc. (NASDAQ:INV) is a technology commercialization platform that founds, funds, and operates companies using technologies acquired or licensed from multinational corporations. It aims to offer investors a unique investment class that combines early-stage economics with late-stage risk mitigation. The company’s model enables multinational corporations to benefit from their tech innovations without the risks and resource commitments of internal commercialization.

On January 31, Roth MKM analyst Chip Moore maintained a Buy rating on the stock with a price target of $16. Since its start, Innventure, Inc. (NASDAQ:INV) has launched companies such as PureCycle Technologies, AeroFlexx, and Accelsius. During the fiscal third quarter of 2024, the company reported that it had entered investment agreements for approximately $11 million of Series B preferred stock. Moreover, the company has a conditional $50 million secured line of credit with Western Technology Investment (WTI), which it plans to use in installments between then and the first half of 2025. It also has a conditional standby equity purchase agreement with Yorkville Advisors for up to $75 million worth of the company’s Class A common stock.

Looking ahead, the company aims to align capital investments with revenue visibility and focus on cost management. Moreover, it also intends to support its operating companies to fund off of its balance sheet. It is one of the oversold financial stocks to buy right now.