5 Best Micro-Cap Stocks to Buy According to Hedge Funds

1. Accuray Incorporated (NASDAQ:ARAY)

Number of Hedge Fund Holders: 20     

Accuray Incorporated (NASDAQ:ARAY) makes and sells radiotherapy systems for alternative cancer treatments. In addition to North America, the firm serves regions such as Europe, the Middle East, India, Africa, Japan, and China, among others. On February 10, the stock rose nearly 10% after the company announced that data from a phase 3 trial of the TomoTherapy System, a new system developed by the firm for breast cancer patients, suggested that the system was superior to radiotherapy in preserving long-term heart and lung functioning. 

In late January, Accuray Incorporated (NASDAQ:ARAY) had posted earnings for the second fiscal quarter, reporting a revenue of $116 million, up over 19% compared to the revenue over the same period last year and beating estimates by $13.3 million. 

At the end of the fourth quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $98 million in Accuray Incorporated (NASDAQ:ARAY), up from 18 in the previous quarter worth $81 million.

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