10 Cheap Rising Stocks to Buy Right Now

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1. Euroseas Ltd. (NASDAQ:ESEA)

30-day returns: 24.45%

Forward P/E ratio: 2.21

Euroseas Ltd. (NASDAQ:ESEA) is engaged in the shipping business and provides ocean-going transportation services worldwide.

On April 7, the company announced a new, 2-year charter contract for its 1,800 teu feeder containership, M/V Monica, at a gross daily rate of $23,500. The charter was expected to commence between the end of April and mid-May. Aristides Pittas, Chairman and CEO of Euroseas Ltd. (NASDAQ:ESEA), says the charter is likely to generate $12.1 million in EBITDA over the contracted period and increase the company’s charter coverage for 2025 to 94%.

Earlier in the year, Euroseas Ltd. (NASDAQ:ESEA) also announced a 3-year charter contract extension for M/V Rena P, its 4,250 teu intermediate containership. The charter will commence in August this year, at a gross daily rate of $35,500. It is expected to generate approximately $29 million in EBITDA over the contracted period.

In March, Euroseas Ltd. (NASDAQ:ESEA) completed the spinoff of its subsidiary, Euroholdings Ltd, which now trades on NASDAQ under the ticker, EHLD. After the creation of this new entity, Euroseas has a fleet of 22 vessels.

Considering its low forward P/E ratio and returns of over 24% in the past month, Euroseas Ltd. (NASDAQ:ESEA) tops the list of the cheap rising stocks to buy right now.

Overall, ESEA ranks first among the 10 Cheap Rising Stocks to Buy Right Now. While we acknowledge the potential of shipping companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ESEA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires 

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