5 Best Stocks Under $10 to Buy Right Now

In this article, we will be looking at the 5 best stocks under $10 to buy right now. If you want to see our comprehensive analysis on these companies, you can go directly to the 10 Best Stocks Under $10 To Buy Right Now.

5. Wipro Limited (NYSE: WIT)

Number of Hedge Fund Holders: 13

Wipro Limited (NYSE: WIT) is an IT, consulting, and business process services company operating worldwide. It has three segments: IT Services, IT Products, and India State Run Enterprise Services. The stock ranks 5th on our list of the best stocks under $10 to buy right now.

This June, Wipro Limited (NYSE: WIT) expanded its partnership with Levi Strauss & Co. to make customer and user experience across all channels better and improve digital commerce. The company is also working with Oracle to launch a Zero Cost Transformation to help companies move to Oracle Cloud Infrastructure without any hassle. Finastra is also working with Wipro Limited (NYSE: WIT) to improve the digital banking process for corporate banks in the Asia-Pacific. In May, Wipro Limited (NYSE: WIT) was also upgraded from Underperform to Market Perform by Bernstein.

In the fiscal fourth quarter of 2021, Wipro Limited (NYSE: WIT) had an EPS of $0.07, beating estimates by $0.01. The company’s revenue was $2.17 billion, up 5.86% year over year and beating estimates by $36.34 million, and it has a gross profit margin of 31.68%. Wipro Limited (NYSE: WIT) has gained 31.97% in the past 6 months and 35.43% year to date.

By the end of the first quarter of 2021, 13 hedge funds out of the 866 tracked by Insider Monkey held stakes in Wipro Limited (NYSE: WIT). The total value of their stakes was roughly $130 million. This is compared to 11 hedge fund holders in the previous quarter with a total stake value of about $129 million.