In this article, we will take a look at the 5 best one dollar stocks to buy now. To see more such companies, go directly to 10 Best One Dollar Stocks to Buy Now.
5. Liberty Tripadvisor Holdings Inc. (NASDAQ:LTRPA)
Number of Hedge Fund Holders: 16
Online travel platform company Liberty Tripadvisor Holdings Inc. (NASDAQ:LTRPA) shares have gained 18% year to date through July 8.
Out of the 16 hedge funds that had stakes in Liberty Tripadvisor Holdings Inc. (NASDAQ:LTRPA) as of the end of March, HBK Investments of David Costen Haley was the biggest stakeholder of the company with a $2.54 million stake in the company.
Cove Street Capital made the following comment about Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) in its Q4 2022 investor letter:
“Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) is simply another presently unsuccessful holding pen for a Liberty holding – in TripAdvisor (Ticker: LTRPA). While travel at large is on an upswing, it is coming back from a solid Covid hole. In the meantime, LTRPA has a new CEO who replaced the founder – it will be difficult for him to be worse. They have also changed their reporting making it fairly obvious how profitable the core TRIP is…and how fast growing and unprofitable their other ventures are in “Experiences” and “Dining” – both of which are leaders in their respective fields. We expect an Analyst Day and a strategic plan in 2023, which has reasonable probability of attracting new investors. This security is effectively leveraged exposure to TRIP – we can get the same oomph from 1.5% of the portfolio in this as 5% in LTRPA.”
4. Heliogen, Inc. (NYSE:HLGN)
Number of Hedge Fund Holders: 16
California-based renewable energy technology company Heliogen, Inc. (NYSE:HLGN) shares have gained about 3.2% in the 30-day period ending July 8. Heliogen, Inc. (NYSE:HLGN)’s annual shareholders’ meeting will be held on August 3.
A total of 16 hedge funds in Insider Monkey’s database of 943 funds reported owning stakes in Heliogen, Inc. (NYSE:HLGN) as of the end of March.
3. Sonder Holdings Inc. (NASDAQ:SOND)
Number of Hedge Fund Holders: 15
Property management company Sonder Holdings Inc. (NASDAQ:SOND) ranks 3rd in our list of the best one dollar stocks to buy according to hedge funds. Our database of 943 hedge funds shows that 15 funds were long Sonder Holdings Inc. (NASDAQ:SOND) as of the end of the March quarter.
Sonder Holdings Inc. (NASDAQ:SOND) in May posted Q1 results. GAAP EPS in the quarter came in at -$0.39 missing estimates by $0.10. Revenue in the quarter jumped 50% year over year to $120.74 million, beating estimates by $7.99 million.
2. Aligos Therapeutics, Inc. (NASDAQ:ALGS)
Number of Hedge Fund Holders: 15
Aligos Therapeutics, Inc. (NASDAQ:ALGS) is a clinical stage biopharmaceutical company that is working on treatments for unmet medical needs in viral infections and liver diseases. Aligos Therapeutics, Inc. (NASDAQ:ALGS) is up about 3.25% year to date through July 8. In May, Aligos Therapeutics, Inc. (NASDAQ:ALGS) posted Q1 results. GAAP EPS in the period came in at -$0.53, missing estimates by $0.05. Revenue in the quarter inched up 0.4% year over year to $2.58 million.
Insider Monkey’s database of 943 hedge funds shows that 15 funds had stakes in Aligos Therapeutics, Inc. (NASDAQ:ALGS) as of the end of the March quarter. The most notable hedge fund stakeholder of Aligos Therapeutics, Inc. (NASDAQ:ALGS) was Oleg Nodelman’s EcoR1 Capital which owns a $3.4 million stake in the company.
1. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)
Number of Hedge Fund Holders: 14
California-based EV company Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is not having a good time in 2023. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has lost over 90% in 2023 through July 8. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) took a nosedive last month after the company revealed plans to sell $300 million worth of Class A shares of common stock and warrants, as well as initiate a reverse stock split.
In June Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) announced an additional funding commitment of $90 million plus acceleration of an existing commitment of $15 million. The investment round was led by ATW Partners funds, with participation from Senyun International.
As of the end of the first quarter of 2023, 14 hedge funds in Insider Monkey’s database of 943 hedge funds reported having stakes in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE). The biggest stakeholder of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was Ryan Tolkin (Cio)’s Schonfeld Strategic Advisors which owns a stake worth $187,000 in the company.
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