In this article, we will be looking at the 5 best stocks under $10 to buy right now. If you want to see our comprehensive analysis on these companies, you can go directly to the 10 Best Stocks Under $10 To Buy Right Now.
5. Wipro Limited (NYSE: WIT)
Number of Hedge Fund Holders: 13
Wipro Limited (NYSE: WIT) is an IT, consulting, and business process services company operating worldwide. It has three segments: IT Services, IT Products, and India State Run Enterprise Services. The stock ranks 5th on our list of the best stocks under $10 to buy right now.
This June, Wipro Limited (NYSE: WIT) expanded its partnership with Levi Strauss & Co. to make customer and user experience across all channels better and improve digital commerce. The company is also working with Oracle to launch a Zero Cost Transformation to help companies move to Oracle Cloud Infrastructure without any hassle. Finastra is also working with Wipro Limited (NYSE: WIT) to improve the digital banking process for corporate banks in the Asia-Pacific. In May, Wipro Limited (NYSE: WIT) was also upgraded from Underperform to Market Perform by Bernstein.
In the fiscal fourth quarter of 2021, Wipro Limited (NYSE: WIT) had an EPS of $0.07, beating estimates by $0.01. The company’s revenue was $2.17 billion, up 5.86% year over year and beating estimates by $36.34 million, and it has a gross profit margin of 31.68%. Wipro Limited (NYSE: WIT) has gained 31.97% in the past 6 months and 35.43% year to date.
By the end of the first quarter of 2021, 13 hedge funds out of the 866 tracked by Insider Monkey held stakes in Wipro Limited (NYSE: WIT). The total value of their stakes was roughly $130 million. This is compared to 11 hedge fund holders in the previous quarter with a total stake value of about $129 million.
4. Amneal Pharmaceuticals, Inc. (NYSE: AMRX)
Number of Hedge Fund Holders: 15
Amneal Pharmaceuticals, Inc. (NYSE: AMRX) is a developer of generic and specialty pharmaceutical products for several dosage forms and therapeutic areas. It has three segments: Generics, Specialty, and AvKARE. It ranks 4th on our list of the best stocks under $10 to buy right now.
On June 17th, Amneal Pharmaceuticals, Inc. (NYSE: AMRX) announced its FDA approval for the Biologics License Application for Bevacizumab to treat metastatic colorectal cancer, in light of which the stock’s shares gained over 8% premarket. In the first quarter of 2021, Amneal Pharmaceuticals, Inc. (NYSE: AMRX) had an EPS of $0.20, beating estimates by $0.02. The company’s revenue was $493.11 million, missing estimates by -$19.58 million. The stock has gained 4.47% in the past 6 months and 5.33% year to date, and it has a forward PE ratio of 6.32. Amneal Pharmaceuticals, Inc. (NYSE: AMRX) has a gross profit margin of 33.04% as well.
By the end of the first quarter of 2021, 15 hedge funds out of the 866 tracked by Insider Monkey held stakes in Amneal Pharmaceuticals, Inc. (NYSE: AMRX). The total value of their stakes was roughly $77.5 million. This is compared to 8 hedge fund holders in the previous quarter with a total stake value of about $17.9 million.
3. Nokia Corporation (NYSE: NOK)
Number of Hedge Fund Holders: 21
Nokia Corporation (NYSE: NOK) is a provider of mobile and fixed network solutions across the globe. The company has four segments: Mobile Networks, Network Infrastructure, Cloud, and Network Services. It ranks 3rd on our list of the best stocks under $10 to buy right now.
This June, Goldman Sachs upgraded Nokia Corporation (NYSE: NOK) to Buy with a $6.5 price target in light of an improvement in spending on 5G. Analyst Alexander Duval commented that despite underperformance in the past, there is progress in the company’s wireless products and share gain potential. Nokia Corporation (NYSE: NOK) along with others also achieved a 5G distance record of over 10 km this June as well. In the first quarter of 2021, Nokia Corporation (NYSE: NOK) had an EPS of $0.08, beating estimates by $0.08, while its revenue was $6.16 billion, up 14.36% year over year and beating estimates by $397.63 million. The company has a gross profit margin of 39.69% and the stock has gained 33.42% in the past 6 months and 38.56% year to date.
By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Nokia Corporation (NYSE: NOK). The total value of their stakes was roughly $352 million. This is compared to 19 hedge fund holders in the previous quarter with a total stake value of about $186 million.
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.
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.
