5 Best Tech Stocks Under $5

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In this article, we will take a look at the 5 best tech stocks under $5. If you wish to see our detailed analysis of the technology sector, go directly to the 10 Best Tech Stocks Under $5.

5. Resonant Inc. (NASDAQ:RESN)

Number of Hedge Fund Holders: 10
Stock Price as of October 15: $2.52

Resonant Inc. (NASDAQ:RESN) is a Texas-based late-stage development company that provides filter solutions for radio frequency (RF) and front ends for the mobile device industry. Ranked sixth on our list of the 10 best tech stocks under $5, Resonant Inc. (NASDAQ:RESN) has a market capitalization of $155.35 million.

Benchmark analyst David Williams remains bullish on Resonant Inc. (NASDAQ:RESN), keeping a Buy rating on the company alongside a $6 price target on its shares.

According to the company’s earnings report for the second quarter of 2021, the reported EPS came in at -$0.11, falling short of the estimates by $0.01. On the other hand, the revenue for the quarter was declared to be $614,000, crossing market estimates by $0.11 million.

Of the 873 elite funds tracked by Insider Monkey, 10 were long in Resonant Inc. (NASDAQ:RESN) at the end of June, up from 6 in the first quarter of 2021. Israel Englander of Millennium Management is the leading stakeholder of the company.


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