![]() ![]() Lightinthebox stock has tanked along with the bunch. A combination of regulatory crackdowns, trade tensions and supply chain issues has been the perfect storm for these firms. Chinese stocks have gotten obliterated over the past six months. Lightinthebox is a Chinese online retailer focusing on budget-priced fashion, electronics and home goods. The times may be turbulent, but folks still want to drink beer, and Ambev is the dominant option for providing a cold one in South America. The company also has a net cash position, ensuring that it can ride through some economic or political volatility in its local markets. There’s also the World Cup on tap for next year, which should boost beer consumption in many of Ambev’s key markets. However, beer sales volumes have reached 2019 levels, and Latin American economies are picking back up this year thanks to the surge in commodity prices. Due to a combination of a pandemic-induced slowdown and volatile foreign exchange rates, Ambev saw profits slump in 2020. It has dominant market share in brewing in Brazil and various other Latin American countries such as Argentina. Ambev is the South American subsidiary of Anheuser-Busch InBev SA ( BUD). Like Enel Chile, Ambev is another South American company caught in the wrong place at the wrong time. Sooner or later, Chilean stocks should move back up, with Enel Chile being a big beneficiary. It’s a leading producer of key raw materials such as copper and lithium that go into batteries and renewable energy components. Chile is well-positioned to benefit from the current commodity and green energy boom. Enel Chile also offers a 9.4% dividend yield. That’s astonishingly cheap in the current marketplace. Regardless, shares are trading at an estimated 8 times this year’s earnings and 6 times next year’s earnings. Upcoming elections in Chile have further added to the uncertainty. That’s understandable, as the company had issues with COVID-19 along with price swings on foreign exchange and commodities. Shares have been volatile and trending downward lately. The company also raised fresh capital around the current share price, which should help provide support for the stock.Įnel Chile is a Chilean power utility. When traders start to value speculative growth companies more highly once again, UpHealth could see a swift recovery. The collection of businesses is growing quickly, though it is not profitable. It owns operations in billing services, online pharmacy, telehealth and medical interpretation, among other assets. The company seeks to roll up a variety of health care platforms. However, UpHealth might have a comeback story, or at minimum a big bounce, given that it’s down more than 80%. It’d be easy to conclude that UpHealth was just another terrible SPAC and leave it at that. Shares plummeted from the opening $10 price to a sub-$2 level in just a few months. The recently created special-purpose acquisition company, or SPAC, has been one of the worst of the year. And in 2023, according to analysts, the company could make 18 cents per share in earnings, which would make the stock at its current price sell for just 13 times expected earnings. ![]() As it stands today, the company is already significantly profitable on an earnings-per-share basis. Shares hit $4 at one point but have sold off about 40%, giving later investors a chance to get into this story near the ground floor. The company also uplisted from the Over-the-Counter Bulletin Board to the Nasdaq as part of its corporate development. The company is enjoying a healthy growth trajectory: Revenues are up from $18 million to $41 million since 2017. It offers frozen and refrigerated meatballs, meatloaf and pasta among its line of products. MamaMancini’s is a small packaged foods company primarily focused on Italian cuisine. The following nine cheap stocks to buy for less than $5 could have what it takes to deliver outsize shareholder returns. If these companies manage to turn things around, they can return many multiples of their entry price. In many cases, when stocks end up trading for less than $5, it’s because the business ran into hard times. That said, many traders love cheap stocks, and thus it’s worth highlighting the best options available. It’s true that investors should look at the total market capitalization in addition to just the nominal share price when considering a potential purchase. (ticker: AMZN) stock, for example, an investor could buy many hundreds of shares in cheaper stocks. These sub-$5 stocks should gain strength heading into 2022. Business & Finance Click to expand menu.
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