10 Most Undervalued Stocks to Buy for Under $5

6. TELUS International (Cda) Inc. (NYSE:TIXT)

Share Price (June 12): $3.67

Forward P/E (June 12): 6.76

TELUS International (Cda) Inc. (NYSE:TIXT) has received an unsolicited non-binding proposal from TELUS Corporation to buy out 100% of the outstanding multiple voting shares and subordinate voting shares not already owned by TELUS Corporation for $3.40 per share.

The proposal is subject to several conditions, including satisfactory due diligence, the negotiation of an acquisition agreement, and approval from key shareholders of TELUS International (Cda) Inc. (NYSE:TIXT). The completion of the transaction will also be subject to compliance with the security laws of Canada and the United States.

TELUS International (Cda) Inc. (NYSE:TIXT) crafts and delivers unique solutions, including AI and content moderation, for global and disruptive brands. The company’s shares surged by 26% on Thursday following the reports to cap off returns of nearly 27% for the week.

Given its low forward price-earnings ratio, it is one of the most undervalued stocks to buy for under $5.