12 Most Undervalued Stocks to Invest in for Under $20

5) Ford Motor Company (NYSE:F)

Forward P/E as of January 17: 6.06x

Share Price as of January 17: $10.18

Number of Hedge Fund Holders: 36

Ford Motor Company (NYSE:F) develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles. The company’s electric vehicle strategy remains a critical component of its future growth plans. It has been investing heavily in its Model e division, which emphasizes EV development and production. As of now, the Ford Motor Company (NYSE:F) remains focused on costs. It has reduced $1 billion in its EV costs this year and has remade its battery footprint. The company remains on track to achieve $2 billion in cost reductions this year, mainly in the first three quarters.

Ford Motor Company (NYSE:F)’s approach to electrification uses its iconic nameplates and robust presence in the commercial vehicle sector. This strategy focuses on capitalizing on brand loyalty while, at the same time, addressing elevated demand for electric options throughout its various vehicle segments. The company expects that ~150 new EV nameplates will hit North America by the end of 2026.

Ford Motor Company (NYSE:F)’s Gen-2 EV platforms demonstrate a significant opportunity for the company to improve its competitive position in the EV market. These new platforms can be more cost-effective and efficient as compared to their predecessors, enabling Ford Motor Company (NYSE:F) to offer EVs at more competitive price points while maintaining or improving its margins.  Royal Bank of Canada reiterated a “Sector perform” rating on the company’s shares, setting a $10.00 price objective on 29^th October.