In this article, we discuss the 5 best single-digit stocks to buy now. If you want to read our detailed analysis of the single-digit stocks, go directly and see the 15 Best Single Digit Stocks to Buy Now.
5. Banco Santander, S.A. (NYSE:SAN)
Number of Hedge Fund Holders: 17
On October 28, Banco Santander, S.A. (NYSE:SAN) announced its quarterly dividend of $0.038 per share, yielding 1.06%. It is a Spanish multinational financial services company based in Madrid, Spain.
In Q3, Banco Santander, S.A. (NYSE:SAN) reported revenue of €11.93 billion, up 8% from the prior-year quarter. As of Q2, 17 hedge funds tracked by Insider Monkey reported owning stakes in Banco Santander, S.A. (NYSE:SAN), valued at $566.3 million. In the previous quarter, 15 hedge funds had stakes in the company, highlighting a positive hedge fund sentiment.
Recently, both JPMorgan and UBS lifted their price targets on Banco Santander, S.A. (SAN) to €3.60 and €4.35, respectively, appreciating the company’s strong Q3 results.
4. Amneal Pharmaceuticals, Inc. (NYSE:AMRX)
Number of Hedge Fund Holders: 17
Amneal Pharmaceuticals, Inc. (NYSE:AMRX) is an integrated pharmaceutical company that manufactures and markets complex oral solids, injectables, soft gels, and inhalation products. Amneal Pharmaceuticals, Inc. (NYSE:AMRX) ranks fourth on our list of the best single digit stocks to buy now.
In August, Piper Sandler lifted its price target on Amneal Pharmaceuticals, Inc. (NYSE:AMRX) to $9.00, while maintaining its ‘Overweight’ rating on the shares. The firm noted the efficacy of the company’s IPX-203 capsule in a late-stage trial in a group of patients with Parkinson’s disease. In Q2 2021, Amneal Pharmaceuticals, Inc. (NYSE:AMRX) posted an EPS of $0.25, beating the consensus by $0.06. The consolidated revenue presented a 15.2% growth from the prior-year quarter at $535.07 million. In the past year, Amneal Pharmaceuticals, Inc. (NYSE:AMRX) delivered a 39.8% return to shareholders.
As of Q2 2021, 17 hedge funds tracked by Insider Monkey have positions in Amneal Pharmaceuticals, Inc. (NYSE:AMRX), up from 15 in the previous quarter. The total value of these stakes is $53.6 million.
3. Infinera Corporation (NASDAQ:INFN)
Number of Hedge Fund Holders: 21
Infinera Corporation (NASDAQ:INFN) is an American telecommunications company that manufactures digital optical telecommunications equipment by using photonic integrated circuits. The company uses simplified and modular approaches to deliver innovations, revolutionizing the telecommunications industry. Infinera Corporation (NASDAQ:INFN) stands third on our list of the best single digit stocks to buy now.
In May, Needham & Company LLC lifted its price target on Infinera Corporation (NASDAQ:INFN) to $15 with a ‘Buy’ rating on the shares. In the same month, Wolfe Research analyst Jeff Kvaal noted that the company will benefit from its commercial 800G shipments. The firm upgraded Infinera Corporation (NASDAQ:INFN) to ‘Peer Perform’. In Q2 2021, the company posted an EPS of -$0.03, beating the consensus by $0.02. Infinera Corporation (NASDAQ:INFN) generated revenue of $338.2 million, up 1.7% from the prior-year quarter. The stock gained 36.7% in the past year.
As of Q2 2021, 21 hedge funds tracked by Insider Monkey have positions in Infinera Corporation (NASDAQ:INFN), worth $428.2 million. This number of hedge funds is compared to 20 funds in the previous quarter, with a total value of $372.7 million.
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.
1. Energy Transfer LP (NYSE:ET)
Number of Hedge Fund Holders: 29
Energy Transfer LP (NYSE:ET) recently announced its Q3 results on November 3 and reported revenue of $16.6 billion, presenting a 67.4% growth from the prior-year quarter. Energy Transfer LP (NYSE:ET) is an American company engaged in natural gas and propane pipeline transport.
As of Q2, 29 hedge funds tracked by Insider Monkey reported owning stakes in Energy Transfer LP (NYSE:ET), up from 25 in the previous quarter. The total value of these stakes is over $835.2 million, compared with $647.7 million. Abrams Capital Management is the company’s leading shareholder in Q2, with shares worth $235 million.
This September, BofA reinstated its coverage of Energy Transfer LP (NYSE:ET) with a Buy rating and a $14 price target. Since the beginning of the year, Energy Transfer LP (NYSE:ET) delivered a 52.4% return to shareholders, while the stock gained 66.07% in the past year.
You can also take a look at 10 Cheap Stocks To Invest In (February 2021) and 10 Best Cheap Stocks To Buy Now
