7 Best Stocks to Buy Under $7

When the company last reported on Feb. 27, earnings of 21 cents per share beat estimates by four cents on a 21.8% rise in revenues. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

She maintained a Buy rating on SELB and bumped up her price target from $4 to $7, indicating upside potential of 80%. Perhaps most conspicuously, the company features excellent profitability metrics, ranking among the sector’s elite. As well, WIT’s undervalued, priced at 18.7-times trailing earnings compared to the industry’s median of 24.9 times.

Let’s explore seven low-priced investments that all happen to trade for $7 or less. Aptose’s drug is still in the early stages of clinical testing, but Canaccord Genuity analyst John Newman thinks it has a good chance of being effective in treating acute myeloid leukemia. Positive results even in early-stage testing could propel the stock upward, he says. If approved, Aptose’s product could eventually generate annual sales of $300 million in the U.S., he adds. He thinks the stock will reach $13 within a year and could go far if the Food and Drug Administration approves Aptose’s drug.

  1. As a result, even if future defense spending falls or grows at only a tepid pace, Kratos’s revenues are unlikely to drop precipitously.
  2. The company is targeting a colossal $350 billion market, a fraction of which can result in sizeable revenues.
  3. The company leverages video with AI to deliver robust automated services for its clients.
  4. Financially, data from Gurufocus.com reveals that Ambev enjoys a stable balance sheet.

You can read more about our editorial guidelines and the investing methodology for the ratings below. Looking ahead, the company expects a colossal 57% to 78% bump in year-over-year revenues in fiscal 2022. Margins are also likely to improve over time with the expansion of its software as a service (SaaS) platform. Hence, LTRX stock could perhaps be one of the best AI stocks currently in the market. It has a B financial health rating and has managed to increase sales by 19.1% per year, on average, over the last five years.

Gold

To skip our detailed analysis of the energy sector, you can go directly to see the 5 Cheap Energy Stocks To Buy. Analyst Ken Hoexter says Union Pacific’s ongoing network overhaul will allow the company to improve its service quality, positioning the company to operate more efficiently and gain market share. Hoexter says new CEO and precision-scheduled-railroading, or PSR, expert Jim Vena is already having a positive impact on Union Pacific’s operating metrics since taking over the position in August 2023. Hoexter projects Union Pacific will achieve a 59% operating ratio in 2024, up 3.2% from 2023 levels. In its most recent quarter, its sales shot up 55.4% to $109.7 million, comfortably surpassing analyst estimates.

Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. But with Cemex totally off everyone’s radars, it has now become one of our stocks to invest in. Although Cemex is a Mexican company, it is one of the largest cement producers in America as well. Not surprisingly, investors have dumped the stock given concerns about the American economy and the uncertainty in Mexico since the new government took over there last winter. The stock market has shaken off the pandemic thanks to actions taken by the Fed and stimulus packages from Congress.

Best Stocks to Buy Under $7

“Once this guidance is out, we believe more investors will be interested in the stock, with a clean set of numbers disclosed,” Kupferberg says. Fidelity National Information Services is a leading global provider of financial technology solutions for merchants, banks and capital market firms. Analyst Ebrahim Poonawala says Citigroup CEO Jane Fraser is implementing aggressive initiatives to transform and improve the company. He adds that Citigroup has opportunities to grow earnings per share in 2024 and beyond. As Wall Street gains additional clarity and confidence about Citi’s core earnings trajectory, Poonawala says the stock could see significant valuation upside.

Ideanomics is an up-and-coming fintech and EV (electric vehicle) specialist. It operates two segments that use AI to improve outcomes for its userbase. Firstly, its mobility segment offers electrification solutions https://1investing.in/ for commercial fleet operators. This includes forecasting, inventory benchmarking, charging infrastructure and other elements. The other division provides fintech solutions by leveraging technology and innovation.

Different Ways To Invest In Stocks

China’s second largest search engine is a distant silver medalist, commanding 18% of the market versus the 65% slice carved out by the industry leader. However, when you’re playing in the world’s most populous nation, even being that far back is still a potent 7 dollar stocks place to be. Revenue plunged 33%, with its biggest slides coming in Asian and European markets where the COVID-19 pandemic struck first. The encouraging takeaway from this is that those markets are doing a better job of recovering than the U.S. right now.

Gross margins are also improving, and with well over $250 million in cash, the company has a deep pool of capital to continue advancing its expansion plans. Many brokerages offer the opportunity to buy fractional shares. These criteria aim to uncover stocks that have been growing their earnings and revenue and are expected to continue growing these key metrics.

In the meantime, investors can bank on the company’s solid financials, including balance sheet stability and strong profit margins. Also, CRWS is undervalued, priced at 6.8 times trailing-12-month earnings, below the industry median of 14.8 times. Unlike many of the cheap stocks on this list, Inovio is doing quite well in 2020, up 33% for the year-to-date, not including additional gains from the March 3 announcement.

The Germany-based online platform for hotels and other lodging options has seen its stock shed more than half of its value over the past year. It has plummeted a brutal 92% since peaking three summers ago. Total revenue has dipped slightly in each of the past four years, but Telefonica’s juicy 9.5% is going to rightfully turn heads. Telefonica is good for the money with its single-digit forward earnings multiple, and we’re still in the early innings of the 5G game that will ultimately prove lucrative for established wireless providers.

Inovio Pharmaceuticals

Owning shares of Groupon (GRPN) since the daily deal provider went public in November 2011 has been anything but a good deal. But Sterne Agee analyst Arvind Bhatia thinks that’s about to change as Groupon shifts from “push” to “pull” sales by training consumers to come to its Web site to look for deals. About 10% of Groupon’s sales come from consumers who have actively searched for deals and landed at the Web site.

Bank of America has a “buy” rating and $271 price target for UNP stock. Bank of America has a “buy” rating and $90 price target for TREX stock. Bank of America has a “buy” rating and $220 price target for LEA stock.

Investors interested in learning more about PHAS can do so on TipRanks. The company’s revenues have been declining at a single digit rate in recent years. It is trying to offset that with bigger average deal and international expansion. However, with the company’s strong cash position, it has plenty of time to turn things around. Additionally, trading at less than 10x cash flow and 5x EBITDA, GRPN stock is cheap for an internet property. That could make it a takeover target for a larger firm or private equity.

Regulators blocked its plans to merge with a larger drugstore chain a year ago, and Rite Aid was hoping to rebound by hooking up with Albertsons, but retail and institutional investors nixed that hookup. Zynga was already bouncing back before seeing what The Force can do. Revenue and mobile bookings inched higher in the second quarter, and it came through with double-digit percentage growth in mobile and daily active users. Shrader is excited about the technology, which he believes is « unique in modern immunology. » Protected by copyright of the United States and international treaties. With his help, you’ll know how to be in the best position possible to potentially make a fortune next year.

“Improving production volume is key to delivering operating leverage as Lear can leverage its fixed costs on a larger base,” Murphy says. Analyst Kevin Fischbeck says Humana has several ways it could get to an impressive $37 in earnings per share by 2025 from today’s EPS around 24. In December 2023, Cigna (CI) officially abandoned its plan to acquire Humana, but Fischbeck says Humana walking away from the deal speaks volumes about the company’s internal growth outlook. However, with uncertainty still surrounding the U.S. economic outlook and a potentially volatile 2024 presidential election looming, there are plenty of risks ahead that could tame the bull market. Amid this unpredictable environment, Bank of America recently compiled a list of their best stocks to buy now, which we profile below. After a strong finish to 2023, the S&P 500 kicked off 2024 by hitting new all-time highs in January.