In this article, we will take a look at the 5 nanotech penny stocks to consider. To see more such companies, go directly to 11 Nanotech Penny Stocks to Consider.
5. Nano Labs Ltd (NASDAQ:NA)
Number of Hedge Fund Holders: 2
Nano Labs Ltd (NASDAQ:NA) ranks 5th in our list of the best nanotech penny stocks to consider. Nano Labs Ltd (NASDAQ:NA) is a Chinese fabless integrated circuit design company which makes high throughput computing and high-performance computing chips.
In March 2023 Nano Labs Ltd (NASDAQ:NA) posted its fiscal Q4 results. Its GAAP EPS came in at -$0.17. Revenue in the quarter jumped about 296% year over year to $1.8 million.
As of the end of the first quarter of 2023, 2 hedge funds tracked by Insider Monkey had stakes in Nano Labs Ltd (NASDAQ:NA).
4. NanoViricides Inc. (NYSE:NNVC)
Number of Hedge Fund Holders: 3
NanoViricides Inc. (NYSE:NNVC) uses ion of nanomedicine technologies to address complex issues of viral diseases. NanoViricides Inc. (NYSE:NNVC)’s directly enables treatments to direct attacks at multiple points on a virus particle. In 2023, NanoViricides Inc. (NYSE:NNVC) has gained about 13% through June 29. In May, NanoViricides Inc. (NYSE:NNVC) filed for a $150 million mixed-shelf securities offering with the intention to use proceeds for general corporate purposes.
As of the end of the first quarter of 2023, 3 hedge funds tracked by Insider Monkey had stakes in NanoViricides Inc. (NYSE:NNVC). The most notable stakeholder of NanoViricides Inc. (NYSE:NNVC) was Citadel Investment Group of Ken Griffin.
3. Nano Dimension Ltd. (NASDAQ:NNDM)
Number of Hedge Fund Holders: 10
Israel-based Nano Dimension Ltd. (NASDAQ:NNDM) makes 3D printers, digital light processing printers (DLP), electronics robotics and control systems. Nano Dimension Ltd. (NASDAQ:NNDM) also makes software systems that allow engineers to bring precision and electrical parts from design-to-manufacturing.
As of the end of the first quarter of 2023, 10 hedge funds tracked by Insider Monkey had stakes in Nano Dimension Ltd. (NASDAQ:NNDM). The total value of these stakes was about $25 million. The biggest stakeholder of Nano Dimension Ltd. (NASDAQ:NNDM) during this period was Marc Majzner’s Clearline Capital which owns a $12.5 million stake in the company.
Nano Dimension Ltd. (NASDAQ:NNDM) has gained about 3.8% year to date through June 29.
2. 3D Systems Corporation (NYSE:DDD)
Number of Hedge Fund Holders: 14
3D Systems Corporation (NYSE:DDD) is a notable 3D printing company. 3D Systems Corporation (NYSE:DDD) employs nanotech-related solutions in its products and services. For example, 3D Systems Corporation (NYSE:DDD) worked with nanotech experts to make a custom prosthetic beak for a toucan whose beak was badly damaged.
3D Systems Corporation (NYSE:DDD) recently submitted an enhanced offer to combine with Israel-based additive manufacturing company Stratasys. The revised offer, if accepted, would give Stratasys shareholders about 41% of the combined company and get $540 million in cash at the time of the consummation of the transaction.
As of the end of the first quarter of 2023, 14 hedge funds tracked by Insider Monkey had stakes in 3D Systems Corporation (NYSE:DDD). The biggest stakeholder of 3D Systems Corporation (NYSE:DDD) during this period was Catherine D. Wood’s ARK Investment Management which owns a $39 million stake in the company.
1. Ford Motor Company (NYSE:F)
Number of Hedge Fund Holders: 38
Even though Ford Motor Company (NYSE:F) is not a pure penny stock (trading just under $15 as of June 29) it’s still a relatively low-cost stock that offers exposure to the nanotechnology industry. Time and again media reports have suggested that Ford Motor Company (NYSE:F) is interested in nanotechnology for increased performance and aesthetics of its cars. It was reported that Ford Motor Company (NYSE:F) was using advanced labs in North America to conduct research on nanotech applications related to using lightweight metals, plastics with greater strength to increase safety and quality of its vehicles.
In 2018, Ford Motor Company (NYSE:F) announced that it will become the first car company to use graphene parts in its vehicles, starting with the Mustang and F-150. Graphene is a material made from a hexagonal structure of carbon atoms and is known to be extremely strong yet lightweight.
You can also take a peek at 12 Best 5G Stocks To Buy Now and 10 Best Fast Growth Stocks To Buy.
