In this piece, we will take a look at the five best all time low stocks to invest in. For a detailed look at how stocks behave in response to major trends and some recent stocks near all time lows, check out 12 Best All-Time Stocks To Invest In.
5. GoPro, Inc. (NASDAQ:GPRO)
Number of Hedge Fund Investors In Q4 2023: 20
Share Price % Above All Time Low: 2.33%
GoPro, Inc. (NASDAQ:GPRO) is a consumer electronics company known for its action cameras. The firm’s latest earnings report led to a downward spiral for the stock that bit out double digit percentages from the share price after GoPro, Inc. (NASDAQ:GPRO) EPS and revenue of $0.02 and $295 million missed analyst estimates of $0.03 and $326 million.
During Q4 2023, 20 out of the 933 hedge funds surveyed by Insider Monkey were GoPro, Inc. (NASDAQ:GPRO) ‘s shareholders. D. E. Shaw’s D E Shaw owned the biggest stake which was worth $12.5 million.
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4. Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)
Number of Hedge Fund Investors In Q4 2023: 20
Share Price % Above All Time Low: 4.15%
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) is a specialty American wellness firm that covers the needs of pets and their owners. The firm has beaten analyst EPS estimates in two out of its four latest quarters, and the shares are rated Buy on average. BofA downgraded the stock to Underperform from Buy in April 2024 and cut the share price target to $1.5 from $5.
After sifting through 933 hedge funds for their fourth quarter of 2023 shareholdings, Insider Monkey found that 20 had invested in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF).
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3. AMC Entertainment Holdings, Inc. (NYSE:AMC)
Number of Hedge Fund Investors In Q4 2023: 21
Share Price % Above All Time Low: 1.53%
AMC Entertainment Holdings, Inc. (NYSE:AMC) is an American cinema chain. The firm’s shares haven’t seen much love this year, and they further sank in March 2024 after AMC Entertainment Holdings, Inc. (NYSE:AMC) announced a $250 million share sale. The stock is rated Hold on average.
For their December quarter of 2023 investments, 21 out of the 933 hedge funds covered by Insider Monkey’s research had bought the firm’s shares. AMC Entertainment Holdings, Inc. (NYSE:AMC)’s largest hedge fund shareholder is D. E. Shaw’s D E Shaw through its $57.2 million investment.
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2. Klaviyo, Inc. (NYSE:KVYO)
Number of Hedge Fund Investors In Q4 2023: 24
Share Price % Above All Time Low: 5.19%
Klaviyo, Inc. (NYSE:KVYO) is an American software company that enables firms to run data analytics, marketing campaigns, review consolidation, and other business functions. A freshly listed stock, it has close ties to Shopify, which owns a large portion of the shares.
As of December 2023 end, 24 out of the 933 hedge funds profiled by Insider Monkey were Klaviyo, Inc. (NYSE:KVYO)’s investors.
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1. Sage Therapeutics, Inc. (NASDAQ:SAGE)
Number of Hedge Fund Investors In Q4 2023: 28
Share Price % Above All Time Low: 3.81%
Sage Therapeutics, Inc. (NASDAQ:SAGE) is a small American biotechnology company headquartered in Boston, Massachusetts. It develops treatments for mental health disorders, tumors, and other ailments. The shares have been on a steady downward trend this year as investors fail to find any notable developments apart from positive demand for postpartum depression medicine.
28 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought the firm’s shares. William Leland Edwards’s Palo Alto Investors owned the biggest Sage Therapeutics, Inc. (NASDAQ:SAGE) stake among these which was worth $21.4 million.
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Disclosure: None. You can also take a look at the 11 Best Ethanol Stocks To Invest In Now and 15 Biggest Defense Companies in Asia.
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