5 Best One Dollar Stocks To Buy Now

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In this article, we discuss the 5 best one dollar stocks to buy today. If you want to see a detailed analysis of penny stocks and the current market situation, check out 10 Best One Dollar Stocks To Buy Now.

5. Fortress Biotech Inc (NASDAQ:FBIO)

Number Of Hedge Fund Holders: 10

Share Price as of August 1: $0.86

Fortress Biotech Inc. (NASDAQ:FBIO), commonly known as Fortress Bio, is a biopharmaceutical company that acquires, develops, and commercializes innovative pharmaceutical and biotechnology products.

On July 14, B. Riley analyst Mayank Mamtani lowered the price target on Fortress Biotech Inc. (NASDAQ:FBIO) to $6 from $8 and kept a Buy rating on the shares. The analyst says that the recent monetization “success stories” reaffirm the versatility of the company’s operating model, which he says is specially built to “survive inevitable drug development speedbumps.”

According to Insider Monkey’s data, 10 hedge funds were bullish on Fortress Biotech Inc. (NASDAQ:FBIO) at the end of the first quarter of 2022, compared to 8 funds in the prior quarter. Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management is the leading position holder in the company, with over 8.84 million shares worth about $12 million.

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