10 Best Stocks Under $3 to Buy Now

3. Ardagh Metal Packaging SA (NYSE:AMBP)

Share Price: $2.86

Number of Hedge Fund Holders: 30

Ardagh Metal Packaging SA (NYSE:AMBP) is a Luxembourg-based global supplier of sustainable, infinitely recyclable, metal and glass packaging for businesses around the world. The company operates 23 production facilities in 9 countries and serves a wide range of leading beverage producers serving categories including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine. Ardagh Metal Packaging SA (NYSE:AMBP) ranks among the best stocks under $3 to buy now.

In 2020, the company announced a multi-year $1.5 billion business growth investment program that involved growth projects in each of its regions. In February 2021, Ardagh Metal Packaging SA (NYSE:AMBP) increased it to $1.8 billion to grow its business in the period from 2021 to 2024. Additionally, the company optimized its network in 2024 and this led to an increase in global utilization rates, network efficiency, and improved flexibility. Ardagh Metal Packaging SA (NYSE:AMBP) reported that across its global footprint, the beverage can is gaining share in its customers’ packaging mix. This trend supports the company’s expectation for industry shipments growth into 2025. Following the completion of its multi-year growth investment program, Ardagh Metal Packaging SA (NYSE:AMBP) expects global volume growth to drive stronger fixed cost absorption in 2025.