5 Best Stocks Under $10 to Buy Right Now

2. SmileDirectClub, Inc. (NASDAQ: SDC)

Number of Hedge Fund Holders: 21

SmileDirectClub, Inc. (NASDAQ: SDC) is an oral care company offering clear aligner therapy treatment, and managing the end-to-end process for the treatment. The company ranks 2nd on our list of the best stocks under $10 to buy right now.

SmileDirectClub, Inc. (NASDAQ: SDC) reached an all-time high in June since January 2021, and this July, Stephens reiterated its Overweight rating on the stock with a $17 price target. Analyst Chris Cooley is optimistic on the stock’s organic annual growth, and expects it to be between 20% to 30%.

In the first quarter of 2021, SmileDirectClub, Inc. (NASDAQ: SDC) had an EPS of -$0.12, beating estimates by $0.02. The company’s revenue was $199.46 million, up 1.43% year over year and beating estimates by $1.06 million, and it has a gross profit margin of 70.43%. The stock has gained 1.92% in the past year.

By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in SmileDirectClub, Inc. (NASDAQ: SDC). The total value of their stakes was roughly $177 million. This is compared to 25 hedge fund holders in the previous quarter with a total stake value of about $182 million.