In this piece, we will take a look at the five cheap growth stocks to buy. For more stocks, head on over to 15 Cheap Growth Stocks to Buy.
5. Ring Energy, Inc. (NYSE:REI)
Latest P/E Ratio: 1.79
Ring Energy, Inc. (NYSE:REI) is an American oil and gas company that is headquartered in The Woodlands, Texas. The firm has thousands of acres of oil properties in its portfolio.
Ring Energy, Inc. (NYSE:REI) is included in the list due to its sustained revenue growth that has lasted for more than a year. The firm has posted 77% revenue growth between 2019 and 2022. 11 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought the firm’s shares.
Ring Energy, Inc. (NYSE:REI)’s largest hedge fund investor is Josh Overdeck and David Siegel’s Two Sigma Advisors which owns 1.9 million shares that are worth $4.8 million.
4. Navios Maritime Partners L.P. (NYSE:NMM)
Latest P/E Ratio: 1.32
Navios Maritime Partners L.P. (NYSE:NMM) is a marine shipping company that is headquartered in Monaco. The firm ships a variety of products such as crude oil, coal, grain, and other commodities.
Navios Maritime Partners L.P. (NYSE:NMM)’s fortunes have soared since 2019. Back then, its revenue was $219 million and managed to grow to $713 million by 2021 end. Building on this, the revenue touched $1.2 billion in 2022. As of December 2022, six of the 943 hedge funds profiled by Insider Monkey had invested in Navios Maritime Partners L.P. (NYSE:NMM).
Vadim Rubinchik’s Brightlight Capital is Navios Maritime Partners L.P. (NYSE:NMM)’s largest investor. It owns 373,800 shares that are worth $9.7 million.
Follow Navios Maritime Partners L P (NYSE:NMM)
Follow Navios Maritime Partners L P (NYSE:NMM)
3. SilverBow Resources, Inc. (NYSE:SBOW)
Latest P/E Ratio: 1.31
SilverBow Resources, Inc. (NYSE:SBOW) is an American oil and gas company headquartered in Houston, Texas. The firm primarily looks for and develops oil and gas exploration properties in South Texas.
SilverBow Resources, Inc. (NYSE:SBOW) raked in $198 million in revenue during last year’s fourth quarter, marking a 32% annual growth. During the same time period, eight of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares.
SilverBow Resources, Inc. (NYSE:SBOW)’s largest investor in our database is Victor Khosla’s Strategic Value Partners which owns 4.1 million shares that are worth $116 million.
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Follow Silverbow Resources Inc. (NYSE:SBOW)
2. Chimerix, Inc. (NASDAQ:CMRX)
Latest P/E Ratio: 0.65
Chimerix, Inc. (NASDAQ:CMRX) is a biotechnology company that is headquartered in Durham, North Carolina. The firm makes treatments for a variety of diseases such as tumors and liver malignancies.
Chimerix, Inc. (NASDAQ:CMRX)’s full year 2022 results saw it post a whopping 1,590% revenue growth which was fueled by the firm selling the rights to its TEMBEXA small pox drug to another company in September 2022. By the end of Q4 2022, 14 of the 943 hedge funds had bought the company’s shares.
Chimerix, Inc. (NASDAQ:CMRX)’s largest investor is David Rosen’s Rubric Capital Management which owns 7.5 million shares that are worth $13.9 million.
Follow Chimerix Inc (NASDAQ:CMRX)
Follow Chimerix Inc (NASDAQ:CMRX)
1. Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN)
Latest P/E Ratio: 0.35
Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) is a Chinese financial services company that is headquartered in Shanghai, China. The firm provides supply chain, financing, and other services to business customers.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN)’s revenues have grown by a massive 203% annually during the first half of 2022. Insider Monkey profiled 943 hedge funds for last year’s final quarter and found out that two had held a stake in the firm.
Hal Mintz’s Sabby Capital is Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN’s largest investor. It owns one million shares that are worth $609,823.
Follow Nisun International Enterprise Development Group Co. Ltd. (NASDAQ:NISN)
Follow Nisun International Enterprise Development Group Co. Ltd. (NASDAQ:NISN)
Disclosure: None. The author received no additional compensation for this piece except for what is typically made by Insider Monkey. You can also take a look at 10 Hot Growth Stocks To Buy Now and 15 Cheapest States to Live in.
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