2 Penny Stocks to Buy Under $4
The Fed is locked in its tough battle against inflation, and its continued hawkish stance increases the chances of a recession. However, Jan Hatzius, chief economist at Goldman Sachsbelieves that a soft landing is always possible, even if the trajectory is bumpy.
In addition, BofA analysts pointed out that markets generally rebound from the September drop and that equities could see an outsized rally later this year and into 2023 if the market follows the history of the election cycle.
Given the uncertain market outlook, instead of picking high-priced stocks, it might be a good idea to add stocks below $4 Hill International, Inc. (HIL) and Safe Bulkers, Inc. (SB) to his wallet.
Hill International, Inc. (HIL)
HIL provides project and construction management and other consultancy services primarily for the building, transport, environment, energy and industrial markets.
On August 17, HIL and Global Infrastructure Solutions Inc. (GISI) announced a definitive agreement to merge the diversified construction management companies, paving the way for increased competitiveness and accelerated global organic growth in fee-based infrastructure consulting markets. . This should be strategically beneficial for HIL.
For the fiscal quarter ended June 30, 2022, HIL’s total revenue was $105.73 million, up 4.1% year-over-year. Its gross profit was $37.43 million, up 19.6% year-on-year, while its EPS was $0.02, up 300% year-on-year on the other. Moreover, its operating profit amounted to $4.48 million during the same period.
HIL has gained 116.8% over the past three months to close the last trading session at $3.36. The stock has gained 72.3% since the start of the year.
HIL’s strong fundamentals are reflected in its POWR Rankings. It has an overall A rating, which equals Strong Buy in our proprietary rating system. POWR ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B rating for quality and growth. It is ranked No. 4 out of 89 B-rated stocks Industrial – Services industry.
Click here to see additional POWR ratings for HIL (stability, sentiment, value and momentum).
Safe Bulkers, Inc. (SB)
SB, based in Monaco, provides dry bulk shipping services. The Company owns and operates dry bulk carriers for transporting bulk cargo, primarily coal, grain and iron ore.
On May 31, 2022, SB announced that it had entered into an agreement for the acquisition of two Chinese 82,500 dwt Kamsarmax class bulk carriers. The company also has an outstanding order book of ten new vessels scheduled for delivery over the next three years. This should improve abilities.
SB’s net revenue increased 12.3% year over year to $91.60 million in the second quarter of fiscal 2022. net revenue grew 38.8% year over year to $50.40 million, while its adjusted EBITDA improved 22.9% year over year to $66.50 millions of dollars. Its adjusted EPS was up 29% from its value a year ago at $0.40.
Analysts expect SB’s EPS for the fiscal year ending December 2022 to be $1.37, indicating an 8.6% year-over-year increase. Its revenue is expected to improve slightly year-over-year to $346.47 million over the same period.
SB’s stock fell 2.2% during the day to close the last trading session at $3.07.
It’s no surprise that SB has an overall rating of B, which equates to Buy in our POWR rating system. It also has a B rating in Value, Sentiment, Momentum and Quality. In stock 44, rated A Dispatch industry, SB is ranked #9.
In addition to the POWR Ratings I just highlighted, you can see the SB’s ratings for Growth and Stability here.
HIL shares were trading at $3.36 per share on Thursday afternoon, down $0.00 (0.00%). Year-to-date, HIL has gained 72.31%, versus a -15.38% rise in the benchmark S&P 500 over the same period.
About the Author: Komal Bhattar
Komal’s passion for the stock market and financial analysis led her to pursue her career in investment research. Its fundamental approach to stock analysis helps investors identify the best investment opportunities. After…