5 Best Small-Cap Biotech Stocks Under $10 in 2021

3. WAVE Life Sciences Ltd. WVE (NASDAQ: WVE)

No of Hedge Funds: 24

Total Value of HF Holdings: $163 Million

WAVE Life Sciences deals in nucleic acid therapeutics. The company is developing a portfolio of stereo pure drug candidates that target underlying rare genetic diseases in human body. In the third quarter, net loss came in at $33.10 million, while revenue in the period totaled $3.45 million.