In this piece, we will take a look at five technology stocks that are too cheap to ignore. For more stocks, head on over to 12 Technology Stocks To Buy That Are Too Cheap To Ignore.
5. Daqo New Energy Corp. (NYSE:DQ)
Latest P/E Ratio: 2.02
Daqo New Energy Corp. (NYSE:DQ) is a Chinese company that is headquartered in Shanghai, China. It designs and sells semiconductors that are used in solar panels and other associated products.
As of Q4 2022, 20 of the 943 hedge funds surveyed by Insider Monkey had invested in the firm. Daqo New Energy Corp. (NYSE:DQ)’s largest hedge fund shareholder is Lei Zhang’s Hillhouse Capital Management which owns 2.1 million shares that are worth $81 million.
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Follow Daqo New Energy Corp (NYSE:DQ)
4. AGM Group Holdings Inc. (NASDAQ:AGMH)
Latest P/E Ratio: 1.97
AGM Group Holdings Inc. (NASDAQ:AGMH) is a financial technology company that is headquartered in Wan Chai, Hong Kong. The firm operates a trading platform that provides foreign exchange trading and other services to institutional investors. It also sells cryptocurrency mining equipment.
Two of the 943 hedge funds part of Insider Monkey’s fourth quarter of 2022 survey had held a stake in AGM Group Holdings Inc. (NASDAQ:AGMH). The firm’s largest shareholder is Hal Mintz’s Sabby Capital which owns 144,844 shares that are worth $238,993.
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Follow Agm Group Holdings Inc. (NASDAQ:AGMH)
3. Arqit Quantum Inc. (NASDAQ:ARQQ)
Latest P/E Ratio: 1.91
Arqit Quantum Inc. (NASDAQ:ARQQ) is a British company that is headquartered in London, the United Kingdom. The firm is primarily a cybersecurity provider whose products allow users to use software encryption to protect their computing platforms and other systems.
Eight of the 943 hedge funds part of Insider Monkey’s database had held a stake in Arqit Quantum Inc. (NASDAQ:ARQQ) during Q4 2022. Out of these, the firm’s largest investor is Ben Levine, Andrew Manuel, and Stefan Renold’s LMR Partners which owns 542,846 shares that are worth $1.9 million.
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Follow Arqit Quantum Inc.
2. CXApp Inc. (NASDAQ:CXAI)
Latest P/E Ratio: 1.76
CXApp Inc. (NASDAQ:CXAI) is an American firm headquartered in Palo Alto, California. Its primary product is a software platform offered as a subscription to enable business customers to drive employee engagement, run performance analytics, and manage company communications.
Insider Monkey took a look at 943 hedge fund portfolios for 2022’s December quarter and found out that 11 had held a stake in the firm. Out of these, CXApp Inc. (NASDAQ:CXAI)’s largest investor is Ben Levine, Andrew Manuel, and Stefan Renold’s LMR Partners which owns 100,000 shares that are worth $1 million.
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Follow Cxapp Inc.
1. Taoping Inc. (NASDAQ:TAOP)
Latest P/E Ratio: 1.55
Taoping Inc. (NASDAQ:TAOP) is a Chinese company that is headquartered in Causeway Bay, Hong Kong. The firm provides cloud software that enables advertisers to run campaigns and monitor customer interaction, and other platforms which enable advertisers to connect with those that might need their services.
Insider Monkey dug through 943 hedge fund portfolios for 2022’s final quarter and found out that one had invested in Taoping Inc. (NASDAQ:TAOP).
Disclosure: None. You can also take a look at 13 Most Profitable Industrial Stocks Now and 11 Best Communication Stocks to Buy.
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