5 Best Robotic Stocks Under $10

In this article, we will be taking a look at the 5 best robotic stocks under $10. To read our discussion on the robotics industry, you can go to the 10 Best Robotic Stocks Under $10.

5. ReWalk Robotics Ltd. (NASDAQ:RWLK)

Number of Hedge Fund Holders: 3

ReWalk Robotics Ltd. (NASDAQ:RWLK) is an Israeli medical technology company focused on designing, developing, and commercializing exoskeleton suits for patients recovering from a stroke.

Swayampakula Ramakanth at H.C Wainwright has given ReWalk Robotics Ltd. (NASDAQ:RWLK) stock a Buy rating with a target price of $2.50 as of August 10. The company has a strong affiliation with Veterans Affairs due to its ReWalk 6.0 device. The device is a battery-powered wearable exoskeleton that has motors at the hips and the knees. It provides the walker with the center of gravity and simulates a normal walking movement. ReWalk Robotics Ltd. (NASDAQ:RWLK) is working with the Centers for Medicare & Medicaid Services (CMS) to expand access to exoskeleton devices for people suffering from spinal cord-related injuries.

In its Q3 2022 results, the company reported that its balance sheet is solid, with means to fund both organic growth and a few high-quality investment opportunities. Additionally, ReWalk Robotics Ltd. (NASDAQ:RWLK) has a running share repurchase program that was started in Q3 2022. The company has repurchased a total of $863,000 worth of stock since the program’s launch, or roughly 1.4% of the outstanding shares. ReWalk Robotics Ltd.’s (NASDAQ:RWLK) strong expansion plans make it one of the best robotic stocks under $10.

4. Innodata Inc. (NASDAQ:INOD)

Number of Hedge Fund Holders: 3

Innodata Inc. (NASDAQ:INOD) is a Hackensack, New Jersey-based data engineering company focused on delivering AI solutions to leading corporations worldwide.

The company is diversifying by expanding its focus to support the AI function of large-scale robotics. One such initiative is led by Dexai Robotics AI kitchen robot Alfred. The robot can detect ingredients, make meals, and identify spills to prevent the waste of food. The robot rolled out in commercial kitchens last year, and new features are being continuously added.

Rahul Singhal, Chief Product Officer at Innodata, thinks that a lack of training data hinders the advancement of robotics. Innodata Inc. (NASDAQ:INOD) intends to become a leading player in providing data for robot training as the size of the industrial robotics industry is expected to rise from $23.6 billion in 2020 to $74 billion by 2026. Furthermore, Innodata Inc.’s (NASDAQ:INOD) Q3 revenue of $18.4 million was higher than the guidance provided by the management. The company expects to generate more than $10 million in adjusted EBITDA next year, making it one of the best robotic stocks under $10.

As of Q3 2022, Innodata Inc. (NASDAQ:INOD) was held by 3 hedge funds.

3. Lantronix, Inc. (NASDAQ:LTRX)

Number of Hedge Fund Holders: 10

Lantronix, Inc. (NASDAQ:LTRX) is an Irvine, California-based software as a service (SaaS) company that is focused on providing connectivity and engineering services, hardware, and turnkey solutions for the IoT and Remote Environment Management (REM).

The company has exposure in the robotics segment through its fully-owned subsidiary, Intrinsyc Technologies. Lantronix, Inc. (NASDAQ:LTRX) believes that for robots to become mainstream, developers require a platform that is accessible and easy to use. The subsidiary has worked with Misty Robotics to develop the Misty II robotics development and learning platform used in the education and eldercare industries.

Lantronix, Inc. (NASDAQ:LTRX)  posted its Q1 FY23 results after the closing bell on November 9. Revenue increased by 14.8% YoY to $31.8 million, while the adjusted EPS of seven cents was three cents higher than the consensus forecast. Analysts think Lantronix, Inc. (NASDAQ:LTRX) has the potential to expand its operations and provide greater upside to investors in the long run, which makes it one of the best robotic stocks under $10.

2. Helix Energy Solutions Group, Inc. (NYSE:HLX)

Number of Hedge Fund Holders: 20

Helix Energy Solutions Group, Inc. (NYSE:HLX) is a Houston, Texas-based offshore drilling company that has gained exposure in the robotics industry through its remotely operated vehicles (ROVs) that aid in the operation of well intervention and construction of offshore oil and gas facilities.

Helix Energy Solutions Group, Inc. (NYSE:HLX) has assigned two dedicated vessels on a long-term basis to provide support to the robotics segment. In late August, one of the vessels received a 180-day decommissioning contract in Thailand. The contract is set to start in Q4 2022. Experts believe that the robotics division of Helix Energy Solutions Group, Inc. (NYSE:HLX) can gain significant market share in the expanding offshore drilling industry. Helix energy’s Robotic Jet trenching services are integral in the offshore wind industry. The division observed a 33% YoY increase in revenue during Q2 2022 with an asset utilization rate of 94%.

Millennium Management raised its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by over 5000% during the third quarter of the year.

1. Aurora Innovation, Inc. (NASDAQ:AUR)

Number of Hedge Fund Holders: 22

Aurora Innovation, Inc. (NASDAQ:AUR) is a Pittsburgh, Pennsylvania-based company focused on self-driving vehicle technology, which is an integral requirement for autonomous driving vehicles. The automobile industry has invested $75 billion in refining self-driving technology as of 2022.

Experts believe that autonomous vehicles are a proposition that can take a couple of decades to roll out completely, and the public markets need to have a long-term view of the technology. According to an internal memo sent out by CEO Chris Umson, Aurora Innovation, Inc. (NASDAQ:AUR) could look to sell itself to Microsoft Corporation (NASDAQ:MSFT) or Apple Inc (NASDAQ:AAPL). Tom White at DA Davidson gave Aurora Innovation, Inc. (NASDAQ:AUR) stock a target price of $8 with a Buy rating in a research note issued on September 29. The analyst has a positive view of the long-term prospects in the self-driving trucking sector.

Of the 920 hedge funds in Insider Monkey’s database as of Q3 2022, Aurora Innovation, Inc. (NASDAQ:AUR) was held by 22 hedge funds.

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