Hi there! Want to improve your investing skills without breaking the bank? If you’re starting small, looking into cheap stocks under $50 can be just what you need. With these stocks, you can take a significant piece of the market without going broke. But keep in mind that a stock’s intrinsic value isn’t always best determined by its price. Occasionally, stocks that appear pricey may actually be undiscovered treasures just waiting to be discovered.
Having slipped under the radar of standard measurements or poised for significant growth, these seven inexpensive stocks under $50 may be poised for big things. Let’s examine them in more detail.
1. DigitalBridge Group (DBRG)
Have you ever considered the skeleton of our digital society? DigitalBridge Group (NYSE:DBRG) steps in to help with that. Digital infrastructure, which includes the data centers that underpin AI applications, is their area of expertise. DBRG is preparing to meet the increasing demand head-on with ambitious plans to increase their data center footprint.
Even with a 53x projected earnings multiple, DBRG is a compelling option because to its consistent fee-related earnings and strong growth in fee-earning equity under managed (FEEUM).
Key Highlights:
- Sector: Digital Infrastructure
- Price: Under $50
- Growth Potential: Expanding data centers
- Valuation: Bold, but backed by growth targets
2. Central Garden & Pet (CENT)
There’s more to Central Garden & Pet (NASDAQ:CENT) than meets the eye, even though it may appear to be performing well lately. CENT, which operates in the lawn and garden and pet industries, keeps up its strong profitability. CENT is an intriguing option because of its forward P/E ratio of about 18x, which indicates that there may be more growth ahead despite efforts to optimize operations and reconfirm forecasts for the year.
Key Highlights:
- Sector: Consumer Discretionary
- Price: Under $50
- Performance: Strong profitability
- Valuation: Modest forward P/E, potential for growth
3. Clean Energy Fuels (CLNE)
Clean Energy Fuels (NASDAQ:CLNE), a leader in renewable natural gas (RNG), provides major customers like FedEx and Amazon. CLNE is well-positioned in a potentially enormous industry, despite short-term RNG supply-demand problems and profitability challenges. CLNE stands out in the renewable energy industry thanks to strong analyst backing and a consensus price target implying approximately 140% upside.
Key Highlights:
- Sector: Renewable Energy
- Price: Under $50
- Market Position: Leader in renewable natural gas
- Growth Potential: Strong analyst ratings, significant upside
4. Uranium Energy (UEC)
Uranium Energy (NYSEAMERICAN:UEC), navigating the turbulent uranium market, sees hope emerging. The demand for uranium sourced locally is expected to surge as a result of the United States’ prohibition on Russian uranium imports. Although there have been brief declines in revenue, nuclear energy still has a promising future. UEC is a stock to keep an eye on since analysts continue to retain strong buy ratings with significant price target upside.
Key Highlights:
- Sector: Energy
- Price: Under $50
- Market Dynamics: Rising demand for domestic uranium
- Analyst Sentiment: Strong buy ratings, notable upside
5. Revolution Medicines (RVMD)
For risk-takers, Revolution Medicines (NASDAQ:RVMD) presents a daring prospect. Dedicated to creating medicines that specifically target RAS(ON) proteins in cancer treatment, RVMD has encountered obstacles but has persevered. RVMD has a strong pipeline and could increase in the future thanks to the recent acquisition of EQRx. Most analysts rate the stock as a strong buy, indicating that they are bullish.
Key Highlights:
- Sector: Biotechnology
- Price: Under $50
- Focus: Cancer treatments targeting RAS(ON) proteins
- Analyst Confidence: Predominantly strong buy ratings