5 Best One Dollar Stocks to Buy Now

3. Isoray, Inc. (NYSE: ISR)

Stock Price as of July 16: $0.70
Number of Hedge Fund Holders: 4

Isoray, Inc. (NYSE: ISR) ranks 3rd on the list of 10 best one dollar stocks to buy now. The Washington-based medical device company manufactures isotope-based medical products and devices for cancer therapies. The company manufactures radioactive seeds to treat malignant diseases like head and neck, brain, prostate, and lung cancers.

In February, Lake Street analyst Frank Takkinen initiated Isoray, Inc. (NYSE: ISR) with a Buy rating and a $3 price target. The analyst commented that the Isoray, Inc.’s (NYSE: ISR) radiation isotope Cesium-131, for tumor treatment, as well as a January 2022 reimbursement adjustment, will boost the use of brachytherapy seeds for prostate cancer treatment.

The company has a market cap of $99 million. In the first quarter of 2021, Isoray, Inc. (NYSE: ISR) had an EPS of -$0.01. The company’s revenue for the third quarter of fiscal 2021 came in at $2.60 million, down from $2.88 million in the same period in 2020, but increased 10% sequentially from the previous quarter. Isoray, Inc. (NYSE: ISR) shares rose 56% year to date. 

At the end of the first quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $3.76 million in Isoray, Inc. (NYSE: ISR), up from 2 in the previous quarter worth $650,000.