In this piece, we will take a look at the five best growth stocks under $10 to buy. If you want to learn more about growth stocks and how they might be quite risky, then check out 13 Best Growth Stocks Under $10 to Buy.
5. PlayAGS, Inc. (NYSE:AGS)
Number of Q4 2023 Hedge Fund Shareholders: 22
Latest Trailing P/E Ratio: 852
Share Price: $8.52
PlayAGS, Inc. (NYSE:AGS) is an American gambling and gaming company that provides products such as slot machine titles and felt games. The shares are rated Strong Buy on average, and the average share price target is $13.50.
By the end of 2023’s final quarter, 22 out of the 933 hedge funds covered by Insider Monkey’s research had held a stake in PlayAGS, Inc. (NYSE:AGS). Don Morgan’s Brigade Capital was the biggest stakeholder as it held $15.4 million worth of shares.
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Follow Playags Inc. (NYSE:AGS)
4. Integral Ad Science Holding Corp. (NASDAQ:IAS)
Number of Q4 2023 Hedge Fund Shareholders: 26
Latest Trailing P/E Ratio: 236.88
Share Price: $9.48
Integral Ad Science Holding Corp. (NASDAQ:IAS) is a technology company that enables businesses to manage and monitor their digital ads. It scored a win in April 2024 when an industry body accredited it for being able to sift through inauthentic traffic in connected televisions.
26 out of the 933 hedge funds profiled by Insider Monkey had bought and owned the firm’s shares in Q4 2023. Robert Smith’s Vista Equity Partners owned the largest stake which was worth $959 million.
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Follow Integral Ad Science Holding Corp.
3. Algonquin Power & Utilities Corp. (NYSE:AQN)
Number of Q4 2023 Hedge Fund Shareholders: 29
Latest Trailing P/E Ratio: 206.17
Share Price: $6.18
Algonquin Power & Utilities Corp. (NYSE:AQN) is a Canadian utility company headquartered in Ontario, Canada. It deals with supplying electricity and natural gas across the U.S. The firm is currently in the midst of a management shakeup spearheaded by activist investors and the shares are down 4.1% year to date.
During Q4 2023, 29 out of the 933 hedge funds covered by Insider Monkey were the firm’s shareholders. Algonquin Power & Utilities Corp. (NYSE:AQN)’s largest hedge fund shareholder is Jeffrey Smith’s Starboard Value LP through its $391 million stake.
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Follow Algonquin Power & Utilities Corp. (NYSE:AQN)
2. NexGen Energy Ltd. (NYSE:NXE)
Number of Q4 2023 Hedge Fund Shareholders: 31
Latest Trailing P/E Ratio: 65.29
Share Price: $7.84
NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium company headquartered in Vancouver, Canada. The stock has soared by 15.56% year to date after uranium prices set a new record and crossed $100 a pound.
As of December 2023 end, 31 out of the 933 hedge funds covered by Insider Monkey’s research had bought NexGen Energy Ltd. (NYSE:NXE)’s shares. Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors was the biggest investor due to its $33.4 million stake.
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Follow Nexgen Energy Ltd. (NYSE:NXE)
1. BGC Group, Inc. (NASDAQ:BGC)
Number of Q4 2023 Hedge Fund Shareholders: 34
Latest Trailing P/E Ratio: 114.43
Share Price: $8.00
BGC Group, Inc. (NASDAQ:BGC) is an American financial technology company that provides brokerage services. The firm has been doing well on the financial front as of late as it has beaten analyst EPS in three out of its four latest quarters.
34 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 research had invested in BGC Group, Inc. (NASDAQ:BGC).
Follow Bgc Group Inc. (NASDAQ:BGC)
Follow Bgc Group Inc. (NASDAQ:BGC)
Disclosure: None. You can also take a look at the 10 Best Multibagger Stocks to Buy Now and 15 Best Eventbrite Alternatives for Registration & Ticketing.
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