5 Best Stocks Under $30 According to Ravee Mehta’s Nishkama Capital

4. Celestica Inc. (NYSE:CLS)

Nishkama Capital’s Stake Value: $10.98 million

Percentage of Nishkama Capital’s 13F Portfolio: 2.5%

Stock Price as of October 27: $9.80

Number of Hedge Fund Investors: 14

Celestica Inc. (NYSE:CLS) is a Canadian multinational corporation involved in providing design, manufacturing, and supply chain solutions during product development. According to Insider Monkey’s database comprising 873 hedge funds, only 14 hedge funds have gobbled a combined stake of $123.2 million in Celestica Inc. (NYSE:CLS).

In September 2021, Jim Suva at Citi maintained a Sell rating on Celestica Inc. (NYSE:CLS) stock but increased the target price from $8 to $8.50 following the positive development of acquiring privately-held PCI Limited.