5 Best Growth Stocks Under $10

In this piece, we will take a look at five best growth stocks under $10. If you want to skip a primer on growth and want to jump to the top five stocks in the list, then head on over to 12 Best Growth Stocks Under $10.

5. Companhia Energética de Minas Gerais (NYSE:CIG)

Number of Hedge Fund Investors in Q1 2023: 13

Companhia Energética de Minas Gerais (NYSE:CIG) is a Brazilian clean energy company that generates more than five thousand megawatts of electricity. The shares are rated Buy on average; however, two of the three analyst notes covering the shares in June and July rated them as Buy or Strong Buy.

13 of the 943 hedge funds part of Insider Monkey’s first quarter of 2023 database had bought and owned Companhia Energética de Minas Gerais (NYSE:CIG)’s shares. Douglas Harold Hart Polunin’s Polunin Capital is the biggest shareholder with an investment worth $27 million.

4. Mister Car Wash, Inc. (NYSE:MCW)

Number of Hedge Fund Investors in Q1 2023: 17

Mister Car Wash, Inc. (NYSE:MCW) is an American car wash services provider. The firm’s three year average revenue growth rate is 11.66% and its price to forward earnings ratio is 26.53. The latest quarter also saw modest revenue growth.

As of March 2023, 17 of the 943 hedge funds polled by Insider Monkey had invested in the firm. Leonard Green’s Leonard Green & Partners is Mister Car Wash, Inc. (NYSE:MCW)’s largest shareholder through a $1.8 billion stake.

3. Sibanye Stillwater Limited (NYSE:SBSW)

Number of Hedge Fund Investors in Q1 2023: 18

Sibanye Stillwater Limited (NYSE:SBSW) is a South African precious metal mining company that produces products such as gold and platinum. A growing global economy benefits the firm as its products are used in industrial and manufacturing processes.

After digging through 943 hedge funds for their investments during 2023’s March quarter, Insider Monkey discovered that 18 had bought Sibanye Stillwater Limited (NYSE:SBSW)’s shares. Out of these, the firm’s largest investor is Ryan Schedler and Bradley Shisler’s Condire Investors with a stake of $31.5 million.

2. PlayAGS, Inc. (NYSE:AGS)

Number of Hedge Fund Investors in Q1 2023: 25

PlayAGS, Inc. (NYSE:AGS) sells gambling products such as slot machines, felt tables, card shufflers, and other equipment. The firm has beaten analyst EPS estimates in four of its latest quarters, and the stock is rated Strong Buy on average with a $4 share price upside.

25 of the 943 hedge funds part of Insider Monkey’s Q1 2023 database had invested in the company. PlayAGS, Inc. (NYSE:AGS)’s largest hedge fund shareholder is Parag Vora’s HG Vora Capital Management with a $17.8 million investment.

1. DISH Network Corporation (NASDAQ:DISH)

Number of Hedge Fund Investors in Q1 2023: 35

DISH Network Corporation (NASDAQ:DISH) is an American content provider that primarily uses geostationary satellites to provide users with television programming and monthly service plans. The company has a forward P/E ratio of 8.06 and it has comfortably grown revenue as well. DISH’s five year forward P/E ratio is 13.79.

By the end of March 2023, 35 of the 943 hedge fund portfolios studied by Insider Monkey had held DISH Network Corporation (NASDAQ:DISH)’s shares. Boykin Curry’s Eagle Capital Management is the biggest investor with a stake worth $139 million.

Disclosure: None. You can also take a look at 10 Cheap Food Stocks to Buy and 15 High Growth Large Cap Stocks to Invest In.

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