5 Stocks to Invest In Under $20 According to Michael Castor’s Sio Capital

3. Renovacor, Inc. (NYSE:RCOR)

Sio Capital’s Stake Value: $5.6 million

Percentage of Sio Capital’s 13F Portfolio: 1.7%

Number of Hedge Fund Holders: 14

Stock Price as of May 10, 2022: $3.06

Renovacor, Inc. (NYSE:RCOR) is a precision therapy provider that targets a host of diseases such as cardiomyopathy and uses a variety of genetic modifications to target others. The firm is headquartered in Greenwich, Connecticut, United States.

Sio Capital’s fourth quarter of 2021 portfolio saw the company hold 735,908 Renovacor, Inc. (NYSE:RCOR) shares that were worth $5.6 million and represented 1.7% of its investment portfolio. During the same time period, 14 of the 924 hedge funds surveyed by Insider Monkey had also invested in the firm.

Renovacor, Inc. (NYSE:RCOR) outlined -$0.03 in GAAP EPS and $78.8 million in cash at the end of its fourth fiscal quarter. The company also announced a new chief financial officer in March 2022 and cited confidence in its gene therapies at the same time.