In this article we will take a look at the 5 best nano cap stocks to buy 2021. You can skip our detailed analysis of these stocks and go directly to 10 Best Nano Cap Stocks To Buy in 2021.
5. Hudson Global, Inc. (NASDAQ: HSON)
Number of Hedge Fund Holders: 1
Hudson Global, Inc. (NASDAQ: HSON) is a Greenwich-based management consulting company operating in the US, Asia, and Europe. It provides middle and large cap companies talent solutions. It also offers recruitment outsourcing to government agencies The firm was founded in 1999. It is placed fifth on our list of 10 best nano cap stocks for 2021. The company employs a consultative approach to design recruitment solutions, factoring in growth initiatives and expectations of both the employer and prospective employees.
Hudson Global has a market cap of more than $47.3 million and posted a revenue of more than $100 million in the fiscal year ended December, 2020, an increase of 8% compared to 2019. The 52-week price range of the firm lies between $19-$8. Analysts expect the company to achieve profitability this year. The firm has no debt on balance sheets which eases financial burden on the firm and also lessens the potential risk for investors as they seek to profit off this nano cap stock that is poised for handsome growth this year.
4. Live Ventures Incorporated (NASDAQ: LIVE)
Number of Hedge Fund Holders: 1
Live Ventures Incorporated (NASDAQ: LIVE) is a Las Vegas-based holding firm that has stakes in the floor manufacturing, steel manufacturing, and retail businesses in the United States. The products that the flooring section markets include carpets and rugs. The steel section makes and sells deluxe alloy plates, deluxe tool steel plates, precision ground flat stock products, and drill rods. The retail department of the firm deals in movies, video games, music products, books, toys, and other collectible items. The firm also has a directory listing service. Live was founded in 1968 and features fourth on our list of 10 best nano cap stocks for 2021.
It has a market cap of over $46.2 million and posted a revenue of $62.5 million in the last quarter of 2020, an increase of more than 49% compared to the previous quarter. The main chunk of this increase came from the sales of flooring products. The 52-week share price of the firm touched a high of $36 and a low of $5.2. Earlier this year, the share price jumped 41% after social media users referred to Live as the next GameStop, a video game retailer whose share price soared dramatically a couple of months ago.
3. Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC)
Number of Hedge Fund Holders: 1
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) is a Taiwan-based fiber-optic cable manufacturing company. It operates in the Asia Pacific, serving Singapore, Thailand, Australia, and China. In addition to fiber-optic cables, it also markets telecommunication products, low-voltage power cables used to transmit electricity, and installation of street lights. The company has contracts with several governments, electric power companies, and telecommunications giants. It is placed third on our list of 10 best nano cap stocks for 2021.
The firm has a market cap of over $46.5 million. The company posted a revenue of more than $120 million at the end of a six month period beginning January 2020 and ending June 2020. The 52-week share price range of Asia Pacific Wire lies between $8.8-$0.95, indicating that the stock is a high-risk, high-reward one. Last year, it acquired a $6 million loan from its majority shareholder, Pacific Electric Wire & Cable Ltd, to fund company expenditure, funds for business projects, and other corporate uses.
2. ION Geophysical Corporation (NYSE: IO)
Number of Hedge Fund Holders: 4
ION Geophysical Corporation (NYSE: IO) is a Texas-based company that offers a variety of services to the oil and gas industry. The firm provides expertise related to equipment acquisition, software-related matters, data libraries, and planning services. The technology that the firm markets can provide high-resolution images of the surface beneath the earth to exploration companies. ION Geophysical has an international presence with offices in the United States, Canada, Latin America, Europe, Africa, Russia, China and the Middle East.
It has a market cap of more than $43 million and an annual revenue of over $122 million. Last year, the revenue of the firm recorded a 30% decrease compared to the previous twelve months because of the COVID-19 pandemic. The 52-week share price range of the firm hovers between $5.3-$1.2. Earlier this year, the share price of ION jumped by 17% after the company announced the deployment of Gemini, a new source technology for oil firms. Last month, the price jumped by 22% after a big Middle East oil giant extended a contract for Gemini.
1. Harbor Custom Development, Inc. (NASDAQ: HCDI)
Number of Hedge Fund Holders: N/A
Harbor Custom Development, Inc. (NASDAQ: HCDI) is a Washington-based real estate firm that works on development projects related to residential lots, home communities, and family properties. The firm oversees all aspects of land development, including acquisition, entitlements, construction, marketing, sales, and even the management of numerous projects. It was founded by Sterling Griffin in 2014 under a different name. Harbor Custom Development is placed first on our list of ten best nano cap stocks for 2021.
The firm has a market cap of over $45 million and at the end of the financial year in 2020, it posted a revenue of $50.4 million, up 63% from the previous year. The numbers represent the increase in demand for the services that the company offers. The 52-week share price of the company touched a high of $8.3 and a low of $2.6. Earlier this month, the price soared as the company announced it had secured more than $6.3 million in financing from Washington Federal, Inc. (NASDAQ: WAFD) for development on a single-family home project.
You can also take a peek at 10 Best Biotech Stocks To Buy For 2021, and Top 10 Best Freelancing Platforms and Websites for 2021.
