5 Dirt Cheap Stocks To Buy

3. Fisker Inc. (NYSE:FSR)

Price as of January 12: $8.05

P/E Ratio: N/A

Number of Hedge Fund Holders: 15

Fisker is an American EV company that has some promising growth potential. Fisker Inc. (NYSE:FSR) is known for its Fisker Ocean electric SUV. The SUV’s base model provides 250 miles of range for less than $37,500. In 2023, Fisker Inc. (NYSE:FSR) plans to produce 42,400 units. Fisker Inc. (NYSE:FSR) also plans to launch another electric vehicle in 2024. This vehicle is named Pear and its basic model will start at $30,000.

In November, Evercore ISI started covering Fisker at an Outperform rating and a $15 price target.

Evercore’s team said that Fisker’s business model is differentiated from its rivals like Rivian (RIVN) and Lucid (LCID) and this advantage could help Fisker Inc. (NYSE:FSR) get solid market share.