In this article, we discuss the 15 best single-digit stocks to buy now. You can skip our detailed analysis of the single-digit stocks, and go directly to see the 5 Best Single-Digit Stocks to Buy Now.
In this article, we will mention some of the best cheap stocks under $10. It’s suitable for beginner investors with a limited budget to begin investing by buying single-digit stocks that have long-term growth catalysts.
With all the uncertainties prevailing in the post-pandemic world, investors are taking refuge in cheap stocks, especially those that stood the test of time. In terms of sectors, investors have been eyeing information technology, healthcare, and energy. Some of the notable stocks in this regard are Infinera Corporation (NASDAQ:INFN), Equitrans Midstream Corporation (NYSE:ETRN), Wipro Limited (NYSE:WIT), Nokia Corporation (NYSE:NOK), Denison Mines Corp (NYSE:DNN), and Amneal Pharmaceuticals, Inc. (NYSE:AMRX). These companies, along with the others, managed to generate positive returns in the past year, confirming their tremendous growth potential.
Our Methodology:
Let’s start our list of the 15 best single-digit stocks to buy now. The list includes stocks between $1 to $9. We took into account hedge fund sentiments, analysts’ ratings, long-term growth potential, and fundamentals while choosing these stocks.
Note: All stock prices are as of November 8.
Photo by Austin Distel on Unsplash
Investing has become difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
Best Single-Digit Stocks to Buy Now
15. Verb Technology Company, Inc. (NASDAQ:VERB)
Number of Hedge Fund Holders: 3
Verb Technology Company, Inc. (NASDAQ:VERB) is a software company that designs and develops application software. Along with this, the company also develops applications related to customer relationship management and video marketing. Currently traded at $1.99 per share, Verb Technology Company, Inc. (NASDAQ:VERB) is one of the best single-digit stocks to buy now.
In July, Alliance Global lifted its price target on Verb Technology Company, Inc. (NASDAQ:VERB) to $4, while keeping a ‘Buy’ rating on the shares. The firm’s analyst Brian Kinstlinger noted that as ‘video’ has become the key communication medium, the company could benefit from its video management software, verbLive, which is now entering the monetization phase.
As of Q2 2021, 3 hedge funds tracked by Insider Monkey have positions in Verb Technology Company, Inc. (NASDAQ:VERB), worth $710,000. The number of hedge funds was the same in the previous quarter.
Like Equitrans Midstream Corporation (NYSE:ETRN), Nokia Corporation (NYSE:NOK), Infinera Corporation (NASDAQ:INFN), Amneal Pharmaceuticals, Inc. (NYSE:AMRX), Wipro Limited (NYSE:WIT), and Lloyds Banking Group plc (NYSE:LYG), Verb Technology Company, Inc. (NASDAQ:VERB) is also one of the notable single-digit stocks gaining investors’ attention.
14. Atossa Therapeutics, Inc. (NASDAQ:ATOS)
Number of Hedge Fund Holders: 5
Atossa Therapeutics, Inc. (NASDAQ:ATOS) is a clinical-stage biopharmaceutical company specializing in innovative medicines to treat rare diseases. The company focuses on the treatment of breast cancer and Covid-19.
Recently, Atossa Therapeutics, Inc. (NASDAQ:ATOS) received approval from the Swedish Ethics Review Authority to begin a phase 2 clinical study of oral Endoxifen for treating mammographic breast density (MBD), which affects over 10 million women in the U.S. In Q2 2021, Atossa Therapeutics, Inc. (NASDAQ:ATOS) posted a GAAP EPS of -$0.06, missing the consensus by $0.02.
In September, Ascendiant initiated its coverage on Atossa Therapeutics, Inc. (NASDAQ:ATOS) with a ‘Buy’ rating and a $7 price target.
As of Q2 2021, 5 hedge funds tracked by Insider Monkey have positions in Atossa Therapeutics, Inc. (NASDAQ:ATOS), worth $19.2 million.
13. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)
Number of Hedge Fund Holders: 6
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is a shipping company that provides marine transportation services through its modern fleet of Capesize vessels. The company has over 16 Capesize vessels, with an average age of 118 years. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) remains one of the best single-digit stocks to buy now.
In July, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) entered into an agreement with a Japanese company for the acquisition of a 2009-built Capesize vessel, worth $24.6 million. It has a cargo-carrying capacity of nearly 177,000 deadweight tons. In August, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) announced a $17 million share repurchase plan, which represents roughly 10% of the company’s market cap. In Q2 2021, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) posted revenue of $22.5 million, showcasing a 380.8% year-over-year growth. The stock has soared by 185.7% in the past year and 135.2% year to date.
As of Q2 2021, 6 hedge funds tracked by Insider Monkey have positions in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), up from 3 in the previous quarter. These stakes are valued at over $3.9 million.
12. BBTV Holdings Inc. (TSE:BBTV)
Number of Hedge Fund Holders: N/A
BBTV Holdings Inc. (TSE:BBTV) is a Canada-based media and technology company, which provides end-to-end solutions to influencers on nearly all digital video and social media platforms.
In Q2 2021, BBTV Holdings Inc. (TSE:BBTV) posted revenue of $118.1 million, beating the consensus by $26.9 million, and presenting a 24% year-over-year growth. Base solutions accounted for $108 million of the gross revenue. In Q2 BBTV Holdings Inc. (TSE:BBTV) launched a new mobile game for the leading game creator, Krew Eats, which became the most downloaded iPad App in the U.S. within 24 hours of launch. Following the company’s Q2 results, Scotiabank reinstated coverage of BBTV Holdings Inc. (TSE:BBTV) with an ‘Outperform’ rating and a C$18 price target.
11. Aegon N.V. (NYSE:AEG)
Number of Hedge Fund Holders: 6
Aegon N.V. (NYSE:AEG) is a Dutch life insurance and asset management company. The company offers innovative and effective savings and protection solutions to customers worldwide. As of 2020, it has over 30 million customers across the world.
In August, Morgan Stanley raised its price target on Aegon N.V. (NYSE:AEG) to €4.30, with an ‘Equal Weight’ rating on the shares. The stock gained 80.6% in the past year.
As of Q2 2021, 8 hedge funds tracked by Insider Monkey have positions in Aegon N.V. (NYSE:AEG), worth $6.1 million. The number of hedge funds remained the same in the previous quarter.
10. Exela Technologies, Inc. (NASDAQ:XELA)
Number of Hedge Fund Holders: 7
Exela Technologies, Inc. (NASDAQ:XELA) is a global business process automation (BPA) company, providing digital transformation services to its consumers. The company’s solutions enhance quality, productivity, and end-user experience. Exela Technologies, Inc. (NASDAQ:XELA) has over 4,000 customers across 50 countries. The company ranks tenth on our list of the best single-digit stocks to buy now.
Recently, Exela Technologies, Inc. (NASDAQ:XELA) has signed a $7.5 million worth of strategic partnership with a healthcare member engagement leader to provide enhanced technology and operation solutions. In August, B.Riley initiated its coverage on Exela Technologies, Inc. (NASDAQ:XELA), with a ‘Buy’ rating and a $4 price target. The firm’s analyst noted the company’s differentiated digital business coupled with its improving balance sheet.
As of Q2 2021, 7 hedge funds tracked by Insider Monkey have positions in Exela Technologies, Inc. (NASDAQ:XELA), worth over $7.5 million. Luminus Management is the company’s largest shareholder, with 1.3 million shares.
In addition to Equitrans Midstream Corporation (NYSE:ETRN), Nokia Corporation (NYSE:NOK), Infinera Corporation (NASDAQ:INFN), Amneal Pharmaceuticals, Inc. (NYSE:AMRX), Wipro Limited (NYSE:WIT), and Lloyds Banking Group plc (NYSE:LYG), analysts are also paying attention to Exela Technologies, Inc. (NASDAQ:XELA) amid the company’s long-term growth potential.
9. Lloyds Banking Group plc (NYSE:LYG)
Number of Hedge Fund Holders: 8
Lloyds Banking Group plc (NYSE:LYG) stands eighth on our list of the best single-digit stocks to buy now. It is a British financial services group focused on retail and commercial customers.
In Q2 2021, Lloyds Banking Group plc (NYSE:LYG) reported revenue of £4.2 billion, up from £3.8 billion in the previous quarter. Recently, the company has announced its expansion in the residential market with the launch of Citra Living which focuses on the availability of affordable homes in the UK. On August 5, the board of Lloyds Banking Group plc (NYSE:LYG) announced a quarterly dividend of $0.038 per share.
As of Q2 2021, 8 hedge funds tracked by Insider Monkey, have stakes in Lloyds Banking Group plc (NYSE:LYG), up from 5 in the previous quarter. The stakes are valued at $16.2 million.
8. Sundial Growers Inc. (NASDAQ:SNDL)
Number of Hedge Fund Holders: 10
Sundial Growers Inc. (NASDAQ:SNDL) is a cannabis company that engages in the production and distribution of flowers, pre-rolls, and vapes. Along with this, the company also grows a wide range of cannabis strains and sells a variety of cannabis derivative products.
ATB Capital’s analyst David Kideckel appreciated the company’s progress and called it an attractive opportunity for investors. In July, the firm lifted its price target on Sundial Growers Inc. (NASDAQ:SNDL) to $0.80 with a ‘Sector Perform’ rating on the shares.
As of Q2 2021, 10 hedge funds tracked by Insider Monkey have positions in Sundial Growers Inc. (NASDAQ:SNDL), up from 7 in the previous quarter. The total value of these stakes is over $76.5 million.
7. Denison Mines Corp (NYSE:DNN)
Number of Hedge Fund Holders: 13
Denison Mines Corp (NYSE:DNN) is a Canadian uranium exploration and development company. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group.
Recently, Raymond James boosted its price target on Denison Mines Corp (NYSE:DNN) to C$2.10, with an ‘Outperform’ rating on the shares. The firm’s analyst, Brian Macarthur, noted the company’s recent acquisition of an exploration company, JCU.
Of the 873 hedge funds tracked by Insider Monkey, 13 funds have positions in Denison Mines Corp (NYSE:DNN) in Q2 2021, worth over $19 million. The number of hedge funds is compared to 10 funds in the previous quarter, with a total value of $18.1 million.
6. Wipro Limited (NYSE:WIT)
Number of Hedge Fund Holders: 14
Wipro Limited (NYSE:WIT) is an Indian information technology company that provides consulting and business process services to consumers. The company is ranked 29th on Fortune India 500 and is also the 9th largest employer with over 200,000 employees. Founded in 1945, Wipro Limited (NYSE:WIT) remains one of the best single-digit stocks to buy now.
Recently, Wipro Limited (NYSE:WIT) partnered with Securonix, a security analytics company, to strengthen their managed security offerings and to achieve a cost-effective positive security posture. In Q2 2021, Wipro Limited (NYSE:WIT) posted revenue of $2.5 billion, showcasing a 22.4% year-over-year growth. The company expects a 5% to 7% growth in its IT revenue for Q3.
As of Q2 2021, 14 hedge funds tracked by Insider Monkey have positions in Wipro Limited (NYSE:WIT), up from 13 in the previous quarter. The stakes are valued at $164 million.
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Disclosure. None. 15 Best Single-Digit Stocks to Buy Now is originally published on Insider Monkey.
