5 Best Stocks Under $10 to Buy Right Now

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1. Sirius XM Holdings Inc. (NASDAQ: SIRI)

Number of Hedge Fund Holders: 24

Sirius XM Holdings Inc. (NASDAQ: SIRI) is a provider of satellite radio services on a subscription fee basis in the US and it broadcasts music, sports, entertainment, comedy, talk, news, and other channels. The stock has attracted popular investors like Warren Buffett and ranks 1st on our list of the best stocks under $10 to buy right now.

This June, Cerence and Sirius XM Holdings Inc. (NASDAQ: SIRI) were reported to be collaborating to integrate the former’s AI technology with the latter. The month before, Morgan Stanley’s Benjamin Swinburne kept the firm’s Overweight rating on Sirius XM Holdings Inc. (NASDAQ: SIRI), commenting that the company’s first-quarter results exceeded his expectations.

In the first quarter of 2021, Sirius XM Holdings Inc. (NASDAQ: SIRI) had an EPS of $0.07, beating estimates by $0.01. The company’s revenue was $2.06 billion, up 5.43% year over year and beating estimates by $54.9 million. The stock has gained 6.25% in the past 6 months and 7.46% year to date. Sirius XM Holdings Inc. (NASDAQ: SIRI) has a gross profit margin of 50.69% as well.

By the end of the first quarter of 2021, 24 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sirius XM Holdings Inc. (NASDAQ: SIRI). The total value of their stakes was roughly $570 million. This is compared to 32 hedge fund holders in the previous quarter with a total stake value of about $670 million.

You can also take a look at 10 Cheap Stocks To Invest In (February 2021) and 10 Best Cheap Stocks To Buy Now.

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