5 Best Single Digit Stocks to Buy Now

2. Nokia Corporation (NYSE:NOK)

Number of Hedge Fund Holders: 26

Nokia Corporation (NYSE:NOK) is a Finnish telecommunications and information technology company that also deals with consumer electronics. It ranks second on our list of the best single digit stocks to buy now.

Recently, Societe Generale lifted its price target on Nokia Corporation (NYSE:NOK) to €6.60, while keeping a ‘Buy’ rating on the shares. In Q2 2021, Nokia Corporation (NYSE:NOK) posted an EPS of €0.09, in-line with the estimates. The consolidated revenue stood at €5.13 billion, up 4.3% from the prior-year quarter. Since the beginning of the year, Nokia Corporation (NYSE:NOK) delivered a 59.1% return to shareholders, while its 6-month returns are up by 47.8%.

Of the 873 hedge funds tracked by Insider Monkey, 26 hedge funds have positions in Nokia Corporation (NYSE:NOK) in the second quarter of 2021, up from 21 funds in the previous quarter. The total value of these stakes is $494.3 million.