Congressman Ro Khanna Was Buying This Small-Cap Stock. Should You?

Democratic congressman Ro Khanna has been purchasing shares of NCR Voyix (NYSE: VYX), a small-cap company that provides checkout technology to retailers and restaurants. The congressman has made seven purchases of the stock in 2026, with the most recent transaction occurring in June. NCR Voyix's business is divided into two segments: Retail and Restaurants, with retail accounting for the majority of sales.

The company is currently undergoing a reorganization, with hardware manufacturing outsourced to an original design manufacturer (ODM) partner. The shift towards a cloud-based platform and payments gateway is expected to generate recurring revenue, which now accounts for 83% of the company's total revenue. NCR Voyix has signed 25 contracts for its Voyix Commerce Platform since mid-2025, with 10 customers live across more than 2,000 lanes and an additional 1,000 lanes projected to be in production by the end of September.

The company's stock is trading at a forward non-GAAP price-to-earnings ratio of 9.15, which is significantly lower than the sector median of 22.88. On a trailing basis, the non-GAAP price-to-earnings ratio is 9.42, about 62% below the stock's five-year average of 11.42. The company's enterprise value multiples also appear attractive, with a forward EV/sales ratio of 1.11 and a forward EV/EBITDA ratio of 5.61, both significantly below their respective sector medians.