5 Best Penny Stocks to Buy and Hold According to Reddit

3. Surgalign Holdings, Inc. (NASDAQ:SRGA)

Number of Hedge Fund Holders: 9

Stock Price as of July 29: $3.220

Surgalign Holdings, Inc. (NASDAQ:SRGA) is a Deerfield, Illinois-based corporation that is focused on digital health. The company is working on developing artificial technology in the healthcare segment.

Surgalign Holdings, Inc. (NASDAQ:SRGA) sells its products in the US and 50 other countries around the world. The AI element of the healthcare sector is expected to compound annually by 38.1% and reach a market size of $194.4 billion by 2030. The company’s HOLO Portal surgical guidance system has received 510(k) approval from the FDA. The HOLO Portal surgical guidance system helps in improving surgical planning and improves the visualization of the anatomy along with the overall workflow. These developments have led the investors to be bullish on Surgalign Holdings, Inc.’s (NASDAQ:SRGA) future prospects.

Surgalign Holdings, Inc. (NASDAQ:SRGA) was held by 9 hedge funds at the end of Q1 2022.