5 Cheap Growth Stocks to Buy

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In this piece, we will take a look at the five cheap growth stocks to buy. For more stocks, head on over to 15 Cheap Growth Stocks to Buy.

5. Ring Energy, Inc. (NYSE:REI)

Latest P/E Ratio: 1.79

Ring Energy, Inc. (NYSE:REI) is an American oil and gas company that is headquartered in The Woodlands, Texas. The firm has thousands of acres of oil properties in its portfolio.

Ring Energy, Inc. (NYSE:REI) is included in the list due to its sustained revenue growth that has lasted for more than a year. The firm has posted 77% revenue growth between 2019 and 2022. 11 of the  943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought the firm’s shares.

Ring Energy, Inc. (NYSE:REI)’s largest hedge fund investor is Josh Overdeck and David Siegel’s Two Sigma Advisors which owns 1.9 million shares that are worth $4.8 million.

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