5 Cheap Small-Cap Stocks to Buy Before the Next Breakout

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In this article, we will take a look at the 5 cheap small-cap stocks to buy before the next breakout. If you want to see more stocks in this selection, go to the 10 Cheap Small-Cap Stocks to Buy Before the Next Breakout.

5. Clover Health Investments, Corp. (NASDAQ:CLOV)

Number of Hedge Fund Holders: 17

Share Price as of December 7: $1.31

Clover Health Investments, Corp. (NASDAQ:CLOV) is a Franklin, Tennessee-based healthcare insurance company established in 2014.

Clover Health Investments, Corp. (NASDAQ:CLOV) is a provider of Medicare Advantage insurance plans and works directly with the US government as a contractor through its proprietary platform. In an update issued to investors on November 8, Richard Close at Canaccord gave Clover Health Investments, Corp. (NASDAQ:CLOV) stock a target price of $4 and maintained a Buy rating on the stock. The analyst shared that the company’s Q3 2022 results outperformed his estimates and appreciated the increase in guidance for FY22. The analyst welcomed the higher focus of the entity to increase profit margins and make careful decisions to control its growth through mergers and acquisitions (M&A). Experts think Clover Health Investments, Corp.’s (NASDAQ:CLOV) has an intelligent growth plan in place, making it one of the best small-cap stocks to buy before the next breakout.

Renaissance Technologies increased its stake in Clover Health Investments, Corp. (NASDAQ:CLOV) by 145% during Q3 2022.

Follow Clover Health Investments Corp.

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