10 Best Future Stocks to Buy Under $10

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6. The Oncology Institute Inc. (NASDAQ:TOI)

Number of Hedge Fund Holders: 23

The Oncology Institute Inc. (NASDAQ:TOI) is one of the best future stocks to buy under $10. On July 7, the Oncology Institute announced the completion of a strategic refinancing deal with OrbiMed, which allowed the company to repay its $86 million senior secured convertible note previously held by Deerfield Partners. This transaction was executed using a new $75 million term loan from OrbiMed maturing in 2031, supplemented by $11 million of cash from the company’s balance sheet.

The refinancing is intended to strengthen the Oncology Institute’s balance sheet by extending debt maturities, improving liquidity, and providing greater operational flexibility. Significantly, the company completed this transition without the need to raise additional equity, thereby avoiding dilution for existing shareholders.

Company leadership highlighted the new partnership with OrbiMed as a key step in supporting the next phase of the Oncology Institute’s growth and business model refinement. As one of the largest value-based oncology groups in the US, The Oncology Institute Inc. (NASDAQ:TOI) continues to scale its specialized, evidence-based cancer care services across its network of over 100 clinic locations.

The Oncology Institute Inc. (NASDAQ:TOI) provides community-based oncology care through clinics and affiliated locations across several US states.

While we acknowledge the potential of TOI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TOI and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Future Stocks to Buy Under $10.

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