5 Best Robotics Stocks Under $10

4. Viomi Technology Co., Ltd (NASDAQ:VIOT)

Number of Hedge Fund Holders: 5

Share Price (as of May 20): $1.54

Viomi Technology Co., Ltd (NASDAQ:VIOT) is a Chinese firm which sells internet-of-things (IoT) enabled smart home devices. These include smart kitchen products such as refrigerators and smart water kettles, sweeper robots, smart locks, and smart TV appliances. The firm has a strategic partnership with Xiaomi Corporation, and sells its products in China through online e-commerce stores as well as physical experience centers. As of May 20, Viomi Technology Co., Ltd (NASDAQ:VIOT) trade at a value of $1.54.

For the fourth quarter, the company posted earnings per share of $0.07, above estimates by $0.06. For FY2021, Viomi Technology Co., Ltd (NASDAQ:VIOT) posted net revenue of RMB 5.3 billion, at gross profit margin of 22.6% which increased 4% year-on-year.

At the conclusion of the fourth quarter, 5 hedge funds reported bullish bets on Viomi Technology Co., Ltd (NASDAQ:VIOT) shares. This was up from 4 hedge funds in the previous quarter. Billionaire Jim Simons’ was once again the top shareholder in an up-and-coming robotic stock, with a stake in Viomi Technology Co., Ltd (NASDAQ:VIOT) worth $115,000 in the first quarter of 2022.