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 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.
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.