3 High-Potential Penny Stocks You Can Buy for Under $5

InvestorPlace07-11

With interest rate cuts on the horizon, now is a prime time to explore penny stocks under $5. Grab Holdings (GRAB): With its super-app model, Grab captures the essence of Southeast Asia’s digital boom...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2450847636?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-11 03:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2450847636","market":"us","top_or_hot":-1,"title":"3 High-Potential Penny Stocks You Can Buy for Under $5","media":"InvestorPlace","content":"<div>\n<p>With interest rate cuts on the horizon, now is a prime time to explore penny stocks under $5.\nGrab Holdings (GRAB): With its super-app model, Grab captures the essence of Southeast Asia’s digital boom...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-high-potential-penny-stocks-you-can-buy-for-under-5/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-Potential Penny Stocks You Can Buy for Under $5</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-Potential Penny Stocks You Can Buy for Under $5\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-11 03:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/07/3-high-potential-penny-stocks-you-can-buy-for-under-5/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With interest rate cuts on the horizon, now is a prime time to explore penny stocks under $5.\nGrab Holdings (GRAB): With its super-app model, Grab captures the essence of Southeast Asia’s digital boom...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-high-potential-penny-stocks-you-can-buy-for-under-5/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999006266.SGD","symbol_name":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","start_time":0,"source_url":"https://investorplace.com/2024/07/3-high-potential-penny-stocks-you-can-buy-for-under-5/","article_id":"2450847636","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2450847636","pubTimestamp":1720640688,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Dive into penny stocks under $5 now before rate cuts kick in to capitalize on their low cost and potential for substantial gains.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","ENLAY":"ENEL Societa per Azioni","BK4122":"互联网与直销零售","IAG":"IAMGOLD Corp","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4022":"陆运",".IXIC":"NASDAQ Composite","GRAB":"Grab Holdings","ENIC":"Enersis Chile S.A.","BK4230":"旅客陆运","BK4017":"黄金","BK4081":"电力公用事业","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC"},"translate_title":"您可以以低于5美元的价格购买3只高潜力细价股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENIC":1,"ENLAY":1,"GRAB":1,"IAG":1,".IXIC":0.6},"content_text":"With interest rate cuts on the horizon, now is a prime time to explore penny stocks under $5.\nGrab Holdings (GRAB): With its super-app model, Grab captures the essence of Southeast Asia’s digital boom and has shown tremendous operating growth.\nEnel Chile (ENIC): Backed by Enel SpA (ENLAY), Enel Chile promises significant growth by leveraging favorable regulatory changes and focusing on renewable energy.\nIamgold (IAG): Amid rising gold prices, Iamgold’s robust production and the opening of the Côte Gold mine position it well for substantial long-term expansion.\n\n\n\n\n\n \n\nSource: Vitalii Vodolazskyi / Shutterstock.com\n\n\n\nBet on penny stocks under $5 with interest rate cuts looming.\nHowever, it’s important to note that penny stocks are notoriously volatile, especially those trading for under $5. These stocks usually belong to businesses in their nascence or grapple with significant hurdles. Hence, most investment experts advise caution when dealing with the speculative nature of these investments.\nNevertheless, with rate cuts coming up soon, it is an excellent time to consider these stocks for their attractive risk-reward ratio. Moreover, these penny stocks offer explosive upside as we gear up for a potentially lower interest rate environment.\nThe penny stocks discussed in the article are all trading for chump change and have shown impressive improvements in their operational performances. Moreover, with multiple growth catalysts in motion, it’s the right time to pounce on these stocks ahead of a likely bull run in the equity market.\nPenny Stocks Under $5: Grab Holdings (GRAB)\nSource: Hafiz Johari / Shutterstock.comSingaporean tech innovator Grab Holdings (NASDAQ:GRAB) has made bold strides in the burgeoning Southeast Asian internet economy. As a super app, Grab integrates a variety of e-services, including mobility, to digital financial transactions across countries like Indonesia, Malaysia and Vietnam. Despite the inherent risks, its early mover advantage in a rapidly growing market positions it for substantial long-term upside.\nMoreover, on the financial front, Grab has been making remarkable progress. In the past nine quarters, it has comfortably beaten top-line estimates while making substantial progress on its bottom line. Analysts expect the firm to post a loss of three cents per share this year before breaking even with a four-cent profit in 2025. Additionally, sales are expected to rise by a stellar 17.8% to reach $2.78 billion. Hence, with such robust prospects, Wall Street analysts assign a Strong Buy rating to GRAB stock, projecting a 30% upside from current prices.\nEnel Chile (ENIC)\nSource: PopTika / ShutterstockEnel Chile (NYSE:ENIC) is a subsidiary of Italian energy giant Enel SpA (OTCMKTS:ENLAY) and a burgeoning force in Chile’s energy sector. The firm’s operations span generating, distributing and commercializing electricity, serving millions across the country.\nWith the backing of its parent company, ENIC has the impetus to continue pursuing aggressive growth strategies. Moreover, the firm’s solid foundation in a supportive regulatory environment and Chile’s push for renewable energy positions it in an enviable spot.\nMoreover, positive regulatory shifts and the lifting of price caps post-Covid are set to solidify ENIC’s financial positioning. With favorable adjustments in Power Purchase Agreements and promising tariff revisions in 2024, Enel Chile is expected to see a marked improvement in its top and bottom-line results.\nWall Street analysts are optimistic, assigning Enel Chile a Moderate Buy rating with a projected 52% upside. Moreover, its appealing 8.52% yield and consistent payout history add to its attractiveness amidst the dynamic shifts in the energy space.\nIamgold (IAG)\nSource: Aleksandrkozak / Shutterstock.comWith gold prices rising, Canadian miner Iamgold (NASDAQ:IAG) stands out as one of its niche’s best penny stock players.\nRobust production forecasts and impressive financial performance have driven its stock price to new heights in the past year. It recently posted its first-quarter (Q1) results, where Non-GAAP EPS of 11 cents blew past expectations by eight cents while revenues surged by 49.8% on a year-over-year (YOY) basis to $338.9 million, beating estimates by roughly $49.58 million. On top of that, its financial health is in excellent shape, backed by a substantial liquidity reserve of $693.8 million.\nAdding to its attractiveness, Iamgold celebrated its first gold pour at the Côte Gold mine in Canada. The venture could potentially be one of the country’s largest operating gold mines, with a mine life of more than 18 years. Moreover, its aggressive strategies and the operational onset of the Côte mine are timely, as it looks to capitalize on favorable market conditions.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.Penny Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/3-high-potential-penny-stocks-you-can-buy-for-under-5/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2450847636"}