5 Most Undervalued Stocks to Buy for Under $20

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1. Roivant Sciences Ltd. (NASDAQ:ROIV)

Number of Q4 2023 Hedge Fund Shareholders: 55

Trailing P/E Ratio: 5.33

Latest Share Price: $11.74

Roivant Sciences Ltd. (NASDAQ:ROIV) is a biotechnology company headquartered in London, the United Kingdom. It develops drugs for inflammatory diseases, colitis, and other ailments. Another highly rated stock, Roivant Sciences Ltd. (NASDAQ:ROIV)’s shares are rated Strong Buy on average. Its stock soared in April 2024 after the firm announced a massive $1.5 billion share buyback program and positive results for an eye infection drug.

55 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in Roivant Sciences Ltd. (NASDAQ:ROIV). Daniel Gold’s QVT Financial owned the biggest stake which was worth $1.2 billion.

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Disclosure: None. You can also take a look at the 12 Biggest Canadian Mining Companies and 11 Oversold Energy Stocks You Can Buy Right Now.

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