5 Best Growth Stocks Under $10

4. Viking Therapeutics, Inc. (NASDAQ: VKTX)

Number of Hedge Fund Holders: 13   

Price as of July 21, 2021: $8.59 per share

Viking Therapeutics, Inc. (NASDAQ: VKTX) is placed fourth on our list of 10 best growth stocks under $10. The stock has returned 4.2% to investors over the past six months. The firm is based in California and makes and sells drugs. On June 17, the share of the company soared by close to 11% after it announced the results of a trial of VK0214, a potential treatment the firm is working on for a rare and often fatal metabolic disorder. The company has a market cap of more than $450 million. 

On June 24, the share price of Viking Therapeutics, Inc. (NASDAQ: VKTX) jumped more than 7% after the firm announced that it had initiated a clinical trial for a treatment of X-linked adrenoleukodystrophy, a genetic disease that affects the nervous system. 

Out of the hedge funds being tracked by Insider Monkey, California-based investment firm Park West Asset Management is a leading shareholder in Viking Therapeutics, Inc. (NASDAQ: VKTX) with 1.5 million shares worth more than $10 million.