5 Best Stocks Under $5 To Buy In July 2021

Finding stocks under $5 is never an easy task, but it can be profitable. Buying stocks when they’re cheap is always a great idea as long as they have solid fundamentals. In this article, we consider some of the best stocks under $5 you can pick up in July.

1. Waitr Holdings (WTRH)

Starting off our list of stocks under $5 list is online food ordering and delivery company Waitr Holdings.

Even though it has strong competitors in the business, Waitr has continued to post some good returns. Last year’s lockdown served as a boon for the small-cap company.

This is because Waitr concentrates the majority of its business holdings in small US cities where the competition for market share is not stiff. However, this has not really convinced investors who are concerned that Waitr may be pushed out of the market by much larger rivals or acquired.

On Friday, Waitr closed under $2 and may soon force a breakout when the market opens Monday. This out-of-the-way style saw the company turn a profit – a rare occurrence in the food delivery business. Waitr is also riding on the wave of this newfound success and recently added Long John Silver’s, the nation’s largest quick-service seafood chain to its platform.

With customers now becoming more comfortable with ordering food online, Waitr may seize the opportunity and grow its market share. A potential uptrend of this cheap stock could really make the bank before the close of the year.

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2. Trivago (TRVG)

Second on our stocks under $5 list is the travel website Trivago. The company concentrated in the travel and tourism sector has been struggling for some time now. Reaching a 52-week high of $5.88, it has not been able to make the previous high again and has actually dropped to $1.25 in the heat of the lockdown.
However, things are set to change for the travel-focused company and it may soon catch some tailwind given the global vaccination program and improved healthcare systems imposed on airline companies.
With the pent-up demand for vacation, Trivago may soon see its market value shoot through the roof. At the close of trade on Friday, TRVG stock traded at $3.58 up more than 50% from its all-time low. This could be a good sign for the company.
With it focused on a unique market need, it’s only a matter of time before the company begins to see more investors pile on its stock.

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3. National CineMedia (NCMI)

National CineMedia is a well-known American advertising company. It does a lot of its business in cinemas with ads coming up just before the movie begins. However, with the global pandemic forcing movie-lovers to stay at home, National CineMedia saw its major revenue stream dry up in 2020.

However, the NCMI stock has always traded below the $10 valuation and had its 52-week high tapping out at $6.88. It hasn’t been able to recover and dropped as low as $1.81 in the heat of the pandemic.

But the bulls are slowly returning to pasture as more movie cinemas open their doors to welcome customers.

With AMC recording a phenomenal return in just a weekend following the release of the famous F9: The Fast Saga, National CineMedia may soon be back in business. The advertising company is also eyeing business outside the movie exhibition arena and is currently expanding into advertising in menus for restaurants and interactive tablets.

If you are still indecisive, you may have to turn your attention to AMC which traded under $3 two months earlier and has since risen to $52 with the lifting of restrictions. NCMI closed Friday at $5.12 above the 20-day moving average (MA) support and is set for a significant tailwind.

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4. Dogness International (DOGZ)

Next on our stocks under $5 is Dogness International – a tech company looking to penetrate the pet industry. The China-based company designs and manufactures pet products. Some of its flagship products include pet accessories and intelligent smart products.

Dogness also runs a feeding unit that monitors the behavior of dogs and cats remotely, letting the owner know when they eat and do so many other things. Aside from this, Dogness offers customers a mobile app to monitor their pets whenever they are away from them.

Despite its unique market niche, the Asian company has not had smooth sailing. Last year, the company lost $7 million in revenue. However, the company has started to pick itself from the dust. Recently, Dogness secured distribution partnerships with top U.S retailer Costco.

With its DOGZ stock currently trading at $2.14, Dogness could turn a decent profit given the eccentricity that has taken over the investing space with its close similarity to meme-based crypto DOGE.

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5. Opko Health (OPK)

Florida-based Opko Health is a global medical company. Even though the company is well-known in the field of genetic testing, its recent pivot into covid-19 polymerase chain reaction (PCR) testing has sparked investors’ interest in recent weeks.

Also, it recently opened eight rapid testing locations in the US. This strategic move has regained the investing public’s attention on the US medical brand. Trading at a lowly $3.32 in May, Opko has surged by 35% and closed Friday trade at $4.18.

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