2 Interesting Stocks Under $5

Published first at Two interesting stocks trading under $5. Grab stock has fallen sharply and now sits at just 3 dollars a share. The main reason for that decline is that Grab still isn’t profitable. Net income over the last 12 months is negative 300 million and free cash flow is also in the red. That’s a bit of a problem considering Grab is being valued at over 13 billion dollars. However, Grab also has 4 billion of cash on its balance sheet and the company does seem to be moving closer to profitability. In fact, earnings briefly turned positive in the fourth quarter of last year. Grab is also experiencing excellent growth throughout SE Asia. Sales grew 65% in 2023 and are up 44% on a trailing twelve month basis. Meanwhile, it is worth noting the similarities with Uber. It took Uber 15 years and billions of dollars of losses before it reached profitability. But when it did the flood gates opened. Because Uber is now printing cash and worth 133 billion dollars. #investing #stocks #3mb #stockanalysis