5 Best Stocks Under $10 Offering More Than 50% Upside

2. Inventiva S.A. (NASDAQ:IVA)

Inventiva S.A. (NASDAQ:IVA) is one of the 10 best stocks under $10 offering more than 50% upside.

As of the June 24 close, Inventiva S.A. (NASDAQ:IVA) had a strongly bullish consensus sentiment. The stock received Buy ratings from all 9 analysts who provided coverage. Based on a 1-year median price target of $15.75, it currently offers a huge upside potential of over 325%.

On June 12, Inventiva S.A. (NASDAQ:IVA) shared updates on some of its recently announced financing arrangements. The company fully repaid roughly €62 million of its existing EIB loans, which included the principal amount and accrued interest on the loans.

The company also executed a buyback and subsequent cancellation of its warrants linked to around 22.7 million EIB shares. This included all Tranche A warrants and 700,000 Tranche B warrants, adding up to a total repurchase price of €50 million.

The company also carried out a €75 million drawdown through debt financing with its lenders, i.e., Claret Capital Partners and BlackRock. This included an amount of €35 million in Tranche A Senior Secured Convertible Debt and €40 million in Tranche B Senior Secured Amortized Debt.

Conversion price applicable on Tranche A Convertible Bonds is €5.2893, representing a 40% premium on the EURO-denominated offer price for the stock ADS.

Inventiva S.A. (NASDAQ:IVA) is a clinical-stage biopharmaceutical company. The company is focused on developing oral small-molecule therapies in France and worldwide. It develops Odiparcil and Lanifibranor. The company is also involved in the development of TGF-ß, which is used for treating idiopathic pulmonary fibrosis.

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