5 Stocks Under $5 With High Potential

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1. Grab Holdings Limited (NASDAQ:GRAB)

Share Price as of December 14: $3.18

Number of Hedge Fund Holders: 34

Singapore-based Grab Holdings Limited (NASDAQ:GRAB) is a leading superapp in Southeast Asia, providing everyday services such as mobility, deliveries, and digital financial services to millions of Southeast Asians.

On November 9, Grab Holdings Limited (NASDAQ:GRAB) released its financial results for Q3 2023 which were nearly in-line with the consensus estimates. The company generated a revenue of $615 million and a normalized EPS of -$0.01.

As of Q3 2023, Grab Holdings Limited (NASDAQ:GRAB) was ranked highest on our list of stocks under $5 with high potential. The stock was held by 34 hedge funds with the total shares held by hedge funds valued at $531 million. Tiger Global Management LLC was the leading hedge fund investor with ownership of 51.3 million shares valued at $182 million.

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