5 Best One Dollar Stocks to Buy Today

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1. Ardelyx, Inc. (NASDAQ:ARDX)

Number of Hedge Fund Holders: 10   

Real-Time Share Price as of December 14: $1.37      

Ardelyx, Inc. (NASDAQ:ARDX) is a biopharma firm that concentrates on the development of medicines for the treatment of kidney and cardiorenal diseases. The stock has surged by over 95% in the past week after the firm announced plans to launch Ibsrela, a treatment for irritable bowel syndrome with constipation, in the second quarter of 2022.

Citi analyst Yigal Nochomovitz recently raised the price target on Ardelyx, Inc. (NASDAQ:ARDX) stock to $13 from $7 and kept a Buy rating, noting the development of pipeline drugs of the firm and a decision to launch products independently from 2022. 

At the end of the third quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $6.3 million in Ardelyx, Inc. (NASDAQ:ARDX), compared to 20 in the preceding quarter worth $241 million.

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 10 Best Blue Chip Dividend Stocks Hedge Funds are Buying.

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