5 Hot Penny Stocks To Buy

In this article, we will take a look at the 5 hot penny stocks to buy. To see more such companies, go directly to 10 Hot Penny Stocks To Buy.

5. Telos Corporation  (NYSE:TLS)

Number of Hedge Fund Holders: 17

Telos Corporation  (NYSE:TLS) has almost doubled in value over the past one month. Most of the gains came after Telos Corporation  (NYSE:TLS) posted strong Q1 results in May, crushing past analyst estimates. Adjusted EPS of the cybersecurity company in the quarter came in at -$0.04, beating estimates by $0.09. Revenue in the quarter fell about 30% year over year to $35.2 million, surpassing estimates by $3.81 million.

Out of the 943 hedge funds tracked by Insider Monkey, 17 were long Telos Corporation  (NYSE:TLS) as of the end of the first quarter of 2023. The biggest stakeholder of Telos Corporation  (NYSE:TLS) during this period was Mike Masters’ Masters Capital Management which had a $7.6 million stake in the company.