12 Most Undervalued Penny Stocks to Buy Now

Page 5 of 5

1. Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (NYSE:CIG)

Number of Hedge Fund Investors: 13

P/E Ratio: 5.03

Ranking first in our list of top undervalued penny stocks with low PE ratios is Brazil-based power company Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (NYSE:CIG). Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (NYSE:CIG) has an installed capacity of 5.8 gigawatts. Analysts believe Companhia Energetica Minas Gerais ADR Repstg One Pref Shs’s (NYSE:CIG) plans to cut costs and increase EBITDA margins will help the stock in the future. Its P/E and EV/EBITDA multiples are among the lowest in the industry.

If you are looking for an AI stock that is as promising as Microsoft but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the 13 High Growth Semiconductor Stocks That Are Profitable in 2024 and the 7 Best Mid-Cap Healthcare Stocks To Buy Now.

Page 5 of 5