5 Best Stocks Under $5 in 2021

2. Nokia Corporation (NYSE: NOK)

Price as of April 23, 2021: $4.2
Number of Hedge Fund Holders: 19

Ranking 2nd in our list of the 10 best stocks under $5 in 2021 is Nokia Corporation (NYSE: NOK). The Finnish telecom and consumer electronic company was founded in 1865 and has grown to be one of the largest mobile phone manufacturers in the world. The company also offers networking solutions such as Nuage Networks. China Mobile Cloud will use Nuage Networks’ Software-Defined Networking (SDN) solution to deploy its public cloud service across the country, as announced by Nokia in April 2021. 

The company has a market cap of $24.1 billion. Nokia Corporation’s revenue in 2020 came in at $26.5 billion. Shares of NOK jumped 21.4% over the past twelve months. Northland scores NOK as an Outperform in March 2021, with a $6 price target.

There were 19 hedge funds that reported owning stakes in Nokia Corporation (NYSE: NOK) at the end of the fourth quarter. The total value of these stakes at the end of Q4 is $186.4 million.

Nokia Corporation