10 Best Cheap Stocks to Buy Under $10

5. Ford Motor Co. (NYSE:F)

Share Price as of April 22: $9.47

Forward P/E Ratio as of April 22: 7.7

Number of Hedge Fund Holders: 45

Ford Motor Co. (NYSE:F) develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans & cars, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, Ford Pro, and Ford Credit segments. It also engages in vehicle-related financing and leasing activities through automotive dealers.

In 2024, the company achieved a record-breaking revenue of $185 billion, which marked its fourth consecutive year of revenue growth. In the US, Ford Motor Co. (NYSE:F) had the largest share of revenue according to the company’s management. Ford is improving cost efficiency and product quality by upgrading talent and bringing in third-party experts. These efforts helped the company deliver about $500 million of net cost reductions in H2 2024.

It has already identified over $1 billion in product design cost savings for 2025. In 2024, the company’s Ford Pro vehicle division experienced a 15% surge in revenue and reached $67 billion. This growth was accompanied by a 9% increase in wholesale units. It was partly fueled by the North American market demand for profitable vehicles, like the Super Duty chassis cabs and Transit wagons.