Cheap long term stocks to buy now

As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to hit new all-time highs regularly, it's challenging for investors to find cheap stocks to buy now.

Table of Contents Show

#1 - Canaan (NASDAQ:CAN)
#2 - Chimerix (NASDAQ:CMRX)
#3 - QIWI (NASDAQ:QIWI)
#4 - TeraWulf (NASDAQ:WULF)
#5 - LexinFintech (NASDAQ:LX)
#6 - Safe Bulkers (NYSE:SB)
#7 - Lufax (NYSE:LU)
#8 - YPF Sociedad Anónima (NYSE:YPF)
#9 - CompoSecure (NASDAQ:CMPO)
#10 - Dynagas LNG Partners (NYSE:DLNG)
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This goes for both share price since most stocks are trading higher on a per-share basis and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.

While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.

Some of these companies are great investing ideas because they're too small and too risky to attract most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits but are now trying to turn around and bounce back.

You might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.

#1 - Canaan (NASDAQ:CAN)

Stock Price

$2.69

P/E Ratio

1.1

Consensus Rating

Buy

Ratings Breakdown

3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$8.00 (197.4% Upside)

Canaan Inc engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. Read More

#2 - Chimerix (NASDAQ:CMRX)

Stock Price

$2.13

P/E Ratio

1.2

Consensus Rating

Buy

Ratings Breakdown

3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$9.60 (350.7% Upside)

Chimerix, Inc, a biopharmaceutical company, develops medicines to enhance the lives of patients living with serious diseases. The company's approved product is TEMBEXA (brincidofovir), a lipid conjugate through inhibition of viral DNA synthesis that is developed as a medical countermeasure for smallpox. Read More

#3 - QIWI (NASDAQ:QIWI)

Stock Price

$5.67

P/E Ratio

1.4

Dividend Yield

5.11%

Consensus Rating

Hold

Ratings Breakdown

0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

N/A

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. It operates through Payment Services, Consumer Financial Services, and Rocketbank segments. The company offers payment services across online, mobile, and physical channels through a network of approximately 94,000 kiosks and 19,000 terminals that run its proprietary software. Read More

#4 - TeraWulf (NASDAQ:WULF)

Stock Price

$1.15

P/E Ratio

1.6

Consensus Rating

Buy

Ratings Breakdown

1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$5.00 (334.8% Upside)

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc is based in Easton, Maryland.

#5 - LexinFintech (NASDAQ:LX)

Stock Price

$1.52

P/E Ratio

1.8

Consensus Rating

Hold

Ratings Breakdown

0 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.

Consensus Price Target

$3.20 (110.5% Upside)

LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending. Read More

#6 - Safe Bulkers (NYSE:SB)

Stock Price

$3.00

P/E Ratio

1.9

Dividend Yield

7.17%

Consensus Rating

Hold

Ratings Breakdown

0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$4.00 (33.3% Upside)

Safe Bulkers, Inc, together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Read More

#7 - Lufax (NYSE:LU)

Stock Price

$1.83

P/E Ratio

1.9

Dividend Yield

18.07%

Consensus Rating

Hold

Ratings Breakdown

2 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.

Consensus Price Target

$4.83 (164.1% Upside)

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions. Read More

#8 - YPF Sociedad Anónima (NYSE:YPF)

Stock Price

$7.65

P/E Ratio

2.0

Consensus Rating

Hold

Ratings Breakdown

3 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.

Consensus Price Target

$7.13 (6.9% Downside)

YPF Sociedad Anónima, an energy company, engages in the oil and gas upstream and downstream activities in Argentina. The company's upstream operations include the exploration, development, and production of crude oil, natural gas, and NGLs. Its downstream operations include the refining, marketing, transportation, and distribution of oil, petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels, as well as in gas separation, natural gas distribution operations, and power generation. Read More

#9 - CompoSecure (NASDAQ:CMPO)

Stock Price

$5.02

P/E Ratio

2.3

Consensus Rating

Buy

Ratings Breakdown

3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$14.33 (185.5% Upside)

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets. Read More

#10 - Dynagas LNG Partners (NYSE:DLNG)

Stock Price

$3.20

P/E Ratio

2.3

Consensus Rating

Hold

Ratings Breakdown

0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

N/A

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of April 29, 2022, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Read More