In this article, we will take a look at the 5 best stocks under $5 in 2021. For a detailed analysis of these stocks, go directly to the 10 Best Stocks Under $5 in 2021.
5. Express, Inc. (NYSE: EXPR)
Price as of April 23, 2021: $3.15
Number of Hedge Fund Holders: 14
Ranking 5th in our list of the 10 best stocks under $5 in 2021 is apparel retail firm Express, Inc. (NYSE: EXPR). Columbus-based fashion retailer distributes its modern apparel collections through its e-commerce site and app and over 360 brick and mortar stores.
The company has a market cap of $205 million and revenue of $1.2 billion in 2020. Susan Anderson of B. Riley Securities maintained a neutral rating on Express in a note published on March 11 but raised the firm’s one-year price target from $1.50 per share to $3.50 per share. The stock is popular among Reddit’s WallStreetBets crowd and has gained 77% over the past twelve months.
There were 14 hedge funds that reported owning stakes in Express, Inc. (NYSE: EXPR) at the end of the fourth quarter, up from 13 funds a quarter earlier. The total value of these stakes at the end of Q4 is $13.8 million.
4. CTI BioPharma Corp. (NASDAQ: CTIC)
Price as of April 23, 2021: $2.45
Number of Hedge Fund Holders: 16
Seattle-based biopharmaceutical company CTI BioPharma Corp. (NASDAQ: CTIC) ranks 4th in our list of the 10 best stocks under $5 in 2021. The company was founded in 1991 and specialized in the commercialization of novel targeted therapies for blood-related cancers.
The company has a market cap of $218.7 million. The company’s cash, cash equivalents, and short-term assets totaled $52.5 million as of December 31, 2020, compared to $33.7 million as of December 31, 2019. Shares of CTIC increased 126.8% over the past twelve months.
There were 16 hedge funds that reported owning stakes in CTI BioPharma Corp. (NASDAQ: CTIC) at the end of the fourth quarter, up from 6 funds a quarter earlier. The total value of these stakes at the end of Q4 is $80 million.
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3. Waitr Holdings Inc. (NASDAQ: WTRH)
Price as of April 23, 2021: $2.56
Number of Hedge Fund Holders: 17
Ranking 3rd in our list of 10 best stocks under $5 in 2021 is food delivery platform Waitr Holdings Inc. (NASDAQ: WTRH). The Louisiana-based software company provides on-demand food ordering and delivery services in the U.S. According to data firm Second Measure, Waitr only controls about 1% of the online food distribution market in the United States. However, the company managed to continue to rise steadily in sales and, after replacing full-time drivers with independent contractors in 2020, it became profitable.
The company has a market cap of $288.9 million. In 2020, Waitr’s sales increased by 7% to $204.3 million. Shares of WTRH rose 134.9% over the past twelve months. Waitr Holdings Inc. was upgraded from Hold to Buy by Deutsche Bank analysts on March 8, with a price target of $4, up from $3.80.
There were 17 hedge funds that reported owning stakes in Waitr Holdings Inc. (NASDAQ: WTRH) at the end of the fourth quarter, up from 13 funds a quarter earlier. The total value of these stakes at the end of Q4 is $55.9 million.
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2. Nokia Corporation (NYSE: NOK)
Price as of April 23, 2021: $4.2
Number of Hedge Fund Holders: 19
Ranking 2nd in our list of the 10 best stocks under $5 in 2021 is Nokia Corporation (NYSE: NOK). The Finnish telecom and consumer electronic company was founded in 1865 and has grown to be one of the largest mobile phone manufacturers in the world. The company also offers networking solutions such as Nuage Networks. China Mobile Cloud will use Nuage Networks’ Software-Defined Networking (SDN) solution to deploy its public cloud service across the country, as announced by Nokia in April 2021.
The company has a market cap of $24.1 billion. Nokia Corporation’s revenue in 2020 came in at $26.5 billion. Shares of NOK jumped 21.4% over the past twelve months. Northland scores NOK as an Outperform in March 2021, with a $6 price target.
There were 19 hedge funds that reported owning stakes in Nokia Corporation (NYSE: NOK) at the end of the fourth quarter. The total value of these stakes at the end of Q4 is $186.4 million.
1. BioDelivery Sciences International, Inc. (NASDAQ: BDSI)
Price as of April 23, 2021: $3.48
Number of Hedge Fund Holders: 19
Topping the 10 best stocks under $5 in 2021 is pharmaceutical firm BioDelivery Sciences International, Inc. (NASDAQ: BDSI). North Carolina-based BioDelivery Sciences International, Inc. develops and commercializes pharmaceutical drugs for chronic conditions.
The company has a market cap of $344.9 million. BioDelivery Sciences International, Inc’s total net revenue came in at $156.5 million in 2020, up 40% from income in 2019. The opioid-containing drug BELBUCA was the key driver of this revenue growth, with net sales of $35.6 million. Shares of BDSI surged 4% over the last five days.
There were 19 hedge funds that reported owning stakes in BioDelivery Sciences International, Inc. (NASDAQ: BDSI) at the end of the fourth quarter. The total value of these stakes at the end of Q4 is $98.6 million. On March 11, analysts from HC Wainwright & Co. maintained Buy on BioDelivery Sciences International but lowered the price target to $5.5.
You can also take a peek at the 10 Best Telecom Stocks To Buy Right Now and 10 Best Travel Stocks To Buy Right Now. Also check out Top 30 Video Games Of All Time.
