52-Week Low Stocks to Buy; 10 Stocks to Watch
Opportunity comes only once, and it is a wise idea to take the ripe opportunity and purchase these 52-week-low stocks before time laps. The U.S stock market had earlier dropped at the beginning of this year before gaining the profits and thrust to recovering more gains.
The stock market has been throwing some encouraging sing of existence over the past previous days, though there are couple stocks which are still trading near 52-week lows.
Investors need to differentiate if the stock is sailing at its low because it is a bargain or will collapse. It is a wise idea if investors deploy their cash in a smart way when stocks are as low as they are currently.
Top 52-Week Low Stocks You Should Buy
As an investor, the following are 52-week low stocks you should consider buying.
First cash (FCFS)
Due to the increased number of unemployment and government supports winding down, it is likely that most of the American citizens may soon go broke. Enter first cash, and it's an OK- known operator handling more than 2700 pawnshops in the country and Latin in America.
The ideal is to support businesses which a well-positioned to make profits during these unrivalled times. However; first cash could not thrive due to economic uncertainty for the past quarter of the year.
Some of the uncertainty included; massive reduction of personal spending pattern among many citizens. There was also an introduction of rent and utility fortitude and government hand to introduce some stimulus payments and increased unemployment benefits.
Therefore, this resulted in a7.5% drop in revenue and an 18% decline in earnings per share. Despite the drops, the company also received an impressive cash flow. They managed to settle a portion of their outstanding debts. Luckily, they opened some other new locations as they hope to reap high during the economy's recovery.
Since the rise of the pandemic, a considerable impact has been witnessed in most cosmetic industries. Revlon was one of the companies that experienced a massive knockdown. These were brought by the fact that consumers stayed indoors for a couple of 5 months, and there were reduced face-to-face interactions; thus; there was no need to spend money on buying make-up.
Revlon noticed that they experienced 18.1% drop in their sales for the first three months. Although other expenses contributed to the drop in sales, they were undergoing a 2020 reestablishment project that cost around $ 186.2 million as an operating cost. A skyrocketed, e-commerce sales, assures Revlon company that they won't drift near 52-week low forever.
Pilgrim's Pride (PPC)
Pilgrim's pride is also another place to invest. For a couple of last months, the meat company has been undergoing severe struggles of extreme pressure to maintain the production.
The company experienced a remarkable drop in demand due to restaurants' closure and increased labor cost cherry n meatpacking industries.
The company received a drop of 102.9% in the second quarter of the year, resulting in a loss of 2 cents per share as pilgrims grappled to maintain the cost. On June, cherry comes on top hen the CEO opted for charges to fix prices with its competitors.
This led to a drop in shares for more than 12% the day new charges were introduced. By June, the company stated that their performance had improved; this resulted due to re-opening of states.
Despite all the struggles, pilgrim's pride still reports about 17% of the poultry industries, as time goes by and food services resume across the country, the company will regain.
Clothing retailers in dire struggles similar to other industries- as most consumers stay indoors. Most retailers continue to go bankrupt, and those who are unable to cope with their cost and pay for their debts are left with no other option other than doing Ascena Retail.
Shares of express have fallen for about 80% and sailing in the bout of 52-week lows. However; the company has been capable of cutting some cost and reducing inventory for the last few months.
In their second quarter, the express company reduced inventory receipts by $100 million, and they also lowered their expected annual fund's expenditure by $25 million. The decision enabled them to experience a markable savings margin of $75 million.
On the other hand, express is still striving to survive the pandemic by ensuring that they employ both lower cost and no debt. With the combination of the striving tricks, the company will attain its goals.
Go Health (GOCO)
Go health is an online health insurance platform that serves their customers with insurance and provides them with the right Medicare policies. Go health company invest more on the Medicare policies whereby it may turn be the source of their vast profit I near future.
According to their S-1 filing, the company states that with the fact that, over 10000 citizens in the country are turning 65 years old each dawn. Medicare enrollment is anticipated to increase from approximately 61 million people in 2019 to almost 77 million people by 2028.
These are among long-lasting decisions that go health platform striving to ride up to the top, where investors are encouraged to act early while shares are being sold at a throw price.
In February, HSBC aired a large-scale reconverting effort to help the British banking giant reduce 15% of its workforce. They also restructured to help the bank stretch their service as far as the middle East and Asia and dire performing markets in Europe and the USA.
The virus comes in and immediately HSBC's well-established plans were all disrupted by the pandemic-not mentioning the ongoing pressure between two giant countries, U.S and China, and the unpredictable future of Hong Kong the primary source of profit for HSBC.
At the end of all those storms, HSHC will still stand tall and prospective investors will still be able to get in, yielding huge profits.
Canon is a company known for making printers, scanners and cameras globally. They reported a tremendous loss for the first time since they started to serve for over nineteen years. During the second quarter of the year, they recorded a massive fall in sales for about 25%, which sent canon shares to 52-week lows.
This resulted from the closure of many offices globally, hence reducing sales from the company. However; the company may be at its worst time, though been the leading globally in interchangeable-lens digital cameras. This is more self-assured that businesses will re-open globally and will be able to rebound and surprisingly grow back slowly.
Investing in the canon is a sure bet that, you are sailing into a long haul; unless people begin to re-open offices and ease travel restriction. Canon may continue to strain, however a return to normalcy, and the company will come back to profitability which will be good news for investors.
Applied U.V. Inc (AUVI)
Operating through secondary companies Munn Works and SteriLumen Applied U.V. Inc deals with disinfectant mirror and hospitality segments. SteriLumen manufacturers, develop and design disinfection systems. These disinfection systems eradicate pathogens that lead to infections.
AUVI has a market cap of $39.01 million. What makes Applied U.V. Inc, a worthy stock to invest is because of its 52-week price range. Its current price is $4.59. Furthermore, its year over year, revenue is at 23.47%.
Its 2020 quarter-four revenue estimate is more than $1.2 million while 2021 quarter one revenue estimate is over $2.4 million. An investor AUVI has an earnings per share estimate of more than 0.06 in quarter four of 2020.
Moreover, this stock has a gross profit margin of 25.85%, which assures you that it will be profitable if you invest.
BigCommerce Holdings Inc (BIGC)
BigCommerce Holdings Inc is a SAAS company operating in Europe, the Americas, Africa, Asia Pacific, and the Middle East. This company helps clients create engaging and straightforward online commerce stores. By 30th September 2020, BigCommerce Holdings Inc has helped clients in almost one hundred and fifty countries worldwide. These replicates to roughly 60,000 online stores that they have created.
BIGC quarter three 2020 revenue was about $40 million. But according to financial experts, this stock has a revenue estimate of more than $30 million in quarter four of 2020 and quarter one of 2021.
The gross profit margin of BIGC is at 77.20% while the return on equity is at 298.05%. Currently, BigCommerce Holding Inc has a 52-week price of $64.15.