4 shares under $1 worth a buy

These 4 shares all cost under $1, I think they could be worth a buy.

| More on:

A low share price doesn’t necessarily mean it’s cheap or a small cap stock, but having a share price of under $1 does offer an interesting list of potential investments such as the below four:

Freelancer Ltd (ASX: FLN)

Freelancer is the owner of one of the largest freelancer websites in the world. It connects people offering projects with freelancers to do the work.

As work becomes increasingly digital it allows work to be carried out for a cheaper price. Freelancer is experiencing tremendous growth in jobs and users, it could become one of Australia’s future blue chips.

Capitol Health Ltd (ASX: CAJ)

Capitol Health has made a remarkable recovery since 16 November 2016, with its share price up 140%.

The business is a leading provider of diagnostic imaging services, it could grow earnings over the long-term as Australia’s ageing demographics continue to play out.

Pureprofile Ltd (ASX: PPL)

Pureprofile is one of the largest online survey-based market research companies operating in Australia.

Understanding consumer habits is going to be increasingly important as businesses try to understand what customers like and what they are willing to spend money on.

Pureprofile recently announced a partnership with Branded Research Incorporated, which could grow earnings even faster in the future.

Paragon Care Ltd. (ASX: PGC)

Paragon is the distributor of various healthcare items and equipment used in places like hospitals and aged care facilities.

I expect there is going to be a large growth of items needed as the elderly segment of the population increases over time.

Foolish takeaway

All four of these companies are higher risk than most of the ones I usually write about. Healthcare is normally a safer choice, so Capitol Health and Paragon should be decent ways to gain more exposure to this growing sector.

For investors willing to hold for the long-term, Freelancer is by far my favourite as it is likely to grow its profit quickly from now on. Pureprofile could also be a good, slower-growing option.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor Tristan Harrison has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

The share price of ASX infant products retailer Baby Bunting Group Ltd (ASX:BBN) has been a solid performer so far …

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

A new landmark report by the Intergovernmental Panel on Climate Change (IPCC) was released earlier this week. It provided a …

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest …

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos Limited (ASX: AMS) share price has been on a tear this past week, rising 15% on the back …

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

Online furniture retailer Temple & Webster Group Ltd (ASX: TPW) had a breakout year in 2020, moving from relative obscurity …

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

Shares in ASX healthcare company Polynovo Limited (ASX: PNV) almost doubled in price last year. And, despite a shaky start …

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

Investing in other geographic markets has become a popular way to diversify a portfolio. The risks associated with being exposed …

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

Despite the News Corporation (ASX: NWS) share price getting a 31% bump between November last year and today, News Corp …

Read more »