10 Best Affordable Stocks Under $5 to Buy Now

1. Ardagh Metal Packaging S.A. (NYSE:AMBP)

Number of Hedge Fund Holdings: 23

Forward P/E Ratio as of January 24: 12.71

Earnings Growth This Year: 25.00%

Stock Price as of January 24: $2.81

Ardagh Metal Packaging S.A. (NYSE:AMBP) is a leading provider of infinitely recyclable metal beverage cans and ends. The company serves leading brands in the beverage industry, including soda, beer, and energy drink producers, based in Europe and the Americas.

Ardagh Metal Packaging S.A. (NYSE:AMBP) is focusing on several key initiatives to maintain and enhance its market position. The company is investing in capacity expansion and network optimization to address short-term capacity constraints and align production with market demand. This includes the ramp-up of new projects and the adjustment of existing facilities to better serve regional and product-specific needs.

Ardagh Metal Packaging S.A. (NYSE:AMBP) is leveraging its strong customer relationships to drive pack-mix shifts from less sustainable packaging materials, such as plastics and glass, to metal cans. Additionally, Ardagh Metal Packaging S.A. (NYSE:AMBP) has recently made a virtual power purchase agreement in Portugal, which will provide approximately half of the company’s Europe’s energy consumption from renewable sources starting in 2026. The company has a goal of achieving 100% renewable energy by 2030.

Furthermore, Ardagh Metal Packaging S.A. (NYSE:AMBP) is concentrating on capturing opportunities in high-growth categories such as carbonated soft drinks and sparkling waters. The company is also investing in manufacturing efficiency and cost management to enhance its competitive position.

While we acknowledge the potential of Ardagh Metal Packaging S.A. (NYSE:AMBP) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMBP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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