The stock has returned almost 122% to investors so far this year. The company's market capitalization is $1.95 billion. (NASDAQ: SNDL) sells weed products for adult use in Canada. Since its foundation in 2006, the Canadian cannabis grower has created a name for itself in the modern cannabis industry.
One such cheap stock is Sundial Growers Inc. Investors are crazy about cheap stocks in tech, biopharma, renewable energy, and crypto industries. To make money investing in cheap stocks, it is crucial to study a stock's valuation, the company's financial health, business model, and its long-term growth potential. What Best Very Cheap Stocks Should You Invest In? The market signals a healthy recovery that's why many investors, young and novice retail traders, are encouraged to diversify their portfolios with cheap stocks that offer long-term growth. On the other hand, The Russell 2000 Index and Russell 3000 are up 62% and 39% respectively, over the past twelve months. Investors remain confident about the market's recovery with S&P 500 Index gaining over 36% in the last twelve months.
Officials are also seeing a decline in the unemployment rate for the year to 4.5% from 5.8% recorded in May. The Federal Reserve has upped its 2021 GDP forecast to 7% from 6.5%. The global market has slowly bounced back from its dark days. While the unemployment rate peaked in April 2020, according to an analysis by Congressional Research Service, investors are optimistic about the market's rebound, driven by anticipation of a period of high growth as the vaccination rate increases and the economy completely reopens. Many businesses from small to large-cap enterprises across all industries have struggled during the surge of COVID-19. The pandemic-led recession brought massive financial distress to the global market. You can skip our detailed analysis of these companies and go directly to the 5 Best Very Cheap Stocks to Buy Right Now. In this article, we will take a look at the 15 best very cheap stocks to buy right now.
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