5 Best Robotics Stocks Under $10

3. Asensus Surgical, Inc. (NYSE:ASXC)

Number of Hedge Fund Holders: 6

Share Price (as of May 20): $0.41

Asensus Surgical, Inc. (NYSE:ASXC) is another robotic company which develops technology to enable minimally invasive surgery. The firm is based in North Carolina and was known as TransEnterix, Inc up until February 2021. It digitizes the interface between the surgeon and the patient, with its multi-port robotic system called Senhance Surgical which includes a camera for laparoscopic procedures and allows up to four arms to control robotic instruments. These systems are increasingly being purchased or leased by hospitals in the United States and around the globe, and the firm will likely see steady growth as hospital activity normalizes after the Covid slowdown.

6 hedge funds were long Asensus Surgical, Inc. (NYSE:ASXC) at the end of Q4 2021, with combined stakes valued at $4.56 million. This shows that investors are warming up to this exciting robotics company, as 3 hedge funds held $1.13 million worth of positions a quarter before.