![]() ![]() With a 336% year-over-year increase in the number of events it has streamed this year and a 179% increase in hours streamed, LiveXLive is fully in growth mode and shows no signs of slowing down. The results speak for themselves: The company had a record 2020 fiscal year with revenue up 15% and subscribers growing 25%. Enter LiveXLive Media, a company that used to simply digitize concerts for your screen but has pivoted to livestreaming and pay-per-view quarantine concerts. Speaking of industries that will continue to hurt as long as there is no vaccine, live concerts and events will remain on hiatus until crowds feel safe enough to return. These improvements to its balance sheet combined with the tailwinds in the organic food industry qualify SunOpta as one of the best cheap stocks to buy. SunOpta has prepared itself to get through the pandemic by completing a $30 million equity raise and reducing debt by $20 million. All three segments saw impressive revenue growth in the first quarter, leading to SunOpta recording 13% adjusted revenue growth and the second highest adjusted (earnings before interest, taxes, depreciation, and amortization) in the company's history. After undergoing a restructuring, the company now operates three different business segments: plant-based foods and beverages, fruit-based foods and beverages and global ingredients. SunOpta continues to be an excellent choice for investors who want to capitalize on the booming organic foods market. As a result, the company's recurring revenue increased 13% in the second quarter, and its backlog of orders grew 100% since the same quarter last year, indicating that the future seems bright for Identiv. ![]() The company has also been able to pivot well during the pandemic its Hirsch Velocity Software now includes contact tracing for office buildings that have begun to reopen, and Identiv has developed its wearable Body Temperature Measurement Patch to check people's temperatures as stadiums and theme parks reopen. Many of Identiv's products seem tailored to security during a global pandemic, including its touchless and at-home smart card readers. The world has changed dramatically in 2020, and so too have companies' security needs. Here are eight of the best cheap stocks, with bright futures whose shares are selling for roughly $5 or less right now. With a good amount of research, a shred of investing know-how and a bit of luck, investors can find some excellent low-priced stocks with big upside potential. But considering that the number of new, young retail traders is surging during the pandemic, many of them without much starting capital, cheap stocks - not necessarily penny stocks - can be an appealing way for them to dip their toes into the market. Companies with shares that hover around $5 (or less) are often victims of market movements, ebbing and flowing with more volatility than higher-priced stocks. Penny stocks have long been given a bad name and for good reason. ![]()
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