5 Cheap Stocks to Buy According to Louis Navellier’s Hedge Fund

4. Sharps Compliance Corp. (NASDAQ:SMED)

Navellier’s Stake Value: $547,000

Percentage of Navellier’s 13F Portfolio: 0.08% 

Number of Hedge Fund Holders: 15

Price as of October 20: $8.04

Sharps Compliance Corp. (NASDAQ:SMED) is a hazardous waste treatment and disposal company. The Texas-based company provides full waste management services for medical, pharmaceutical, and hazardous junk of small and medium quantity generators. Sharps Compliance Corp.’s lead products include the Sharps Recovery System and MedSafe Medication Disposal System. 

At investment advisory firm Barrington, an Outperform rating was maintained on Sharps Compliance Corp. (NASDAQ:SMED) stock, but the price target was lowered from $18 to $13 by analyst Kevin Steinke, owing to the drop in COVID-19 vaccinations.