Top 9 NASDAQ Stocks with Low P/E Ratios

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1. Illumina Inc. (NASDAQ:ILMN)

P/E Ratio as of September 24: 11.96

Number of Hedge Fund Holders: 54

Illumina Inc. (NASDAQ:ILMN) ranks among the top NASDAQ stocks with low P/E ratios. On September 23, Illumina Inc. (NASDAQ:ILMN) announced that it would collaborate with several global pharmaceutical companies to create companion diagnostics (CDx) for KRAS biomarkers on its TruSight Oncology Comprehensive genomic profiling test.

The collaborations are intended to increase tumor-agnostic CDx claims for KRAS mutations, which are known to result in uncontrolled cell growth that can lead to cancer. By identifying genetic abnormalities that fuel the growth of cancer, the TruSight Oncology Comprehensive test creates molecular tumor profiles that assist physicians in matching patients with authorized targeted medicines or clinical trials.

Through pharmaceutical agreements, Illumina Inc. (NASDAQ:ILMN) stated it maintains an expanding pipeline of CDx claims in development to assist immunotherapies and targeted medicines.

Illumina Inc. (NASDAQ:ILMN) is a life sciences company that develops and produces tools and systems for genomic research. It provides a variety of tools and services, such as sequencing platforms and microarrays that allow clinicians to evaluate genetic data and make discoveries.

While we acknowledge the potential of ILMN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ILMN and that has 100x upside potential, check out our report about this cheapest AI stock.

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