In this article, we will take a look at the 5 stocks with the lowest PE ratio. You can skip this part and go to 16 Stocks with the Lowest PE Ratio.
5. Catalyst Biosciences, Inc. (NASDAQ:CBIO)
P/E Ratio: 0.70
Number of hedge fund holders: 6
Catalyst Biosciences, Inc. (NASDAQ:CBIO) is a clinical-stage biotech company. In December, Catalyst Biosciences, Inc. (NASDAQ:CBIO) gained after the company revealed several steps that showed progress in its reverse merger plan. Catalyst Biosciences, Inc. (NASDAQ:CBIO) has signed agreements for the sale and purchase of liver and kidney fibrosis program F351 of Japanese multinational GNI Group.
A total of 6 hedge funds in Insider Monkey’s database of funds had stakes in Catalyst Biosciences, Inc. (NASDAQ:CBIO) as of the end of the third quarter.
4. Jackson Financial Inc. (NYSE:JXN)
P/E Ratio: 0.46
Number of hedge fund holders: 24
Jackson Financial Inc. (NYSE:JXN) is one of the top 20 stocks with the lowest PE ratios as of January 17. In November, Jackson Financial Inc. (NYSE:JXN) posted third quarter results. Its adjusted EPS in the period came in at $4.24, beating estimates by $1.34. Revenue in the quarter jumped a whopping 156.1% to come in at $4.02 billion, beating analyst estimates by $2.59 billion. Jackson Financial Inc. (NYSE:JXN) said that it returned $88 million to shareholders during the quarter. As of the end of the third quarter, 24 hedge funds tracked by Insider Monkey reported having stakes in Jackson Financial Inc. (NYSE:JXN). The total value of these stakes was $273 million.
Here is what Curreen Capital Investments has to say about Jackson Financial Inc. (NYSE:JXN) in its Q3 2022 investor letter:
“We sold Jackson in large part because the inverted yield curve signals that a weak stock market and high volatility are likely to continue. High volatility increases Jackson’s cost of hedging the annuities that it has sold, and a weak stock market makes it difficult to sell new variable annuities. These operational headwinds make Jackson a weed. We sold at $31.11 per share.”
3. Diversified Healthcare Trust (NASDAQ:DHC)
P/E Ratio: 0.43
Number of hedge fund holders: 19
Diversified Healthcare Trust (NASDAQ:DHC) is a REIT whose shares have lost about 70% in value over the past year. In November, Diversified Healthcare Trust (NASDAQ:DHC) posted third quarter results. Its revenue in the period fell 4.3% to total $322.92 million, beating estimates by $2.62 million. -$0.06 misses by $0.07. Earlier this month, Diversified Healthcare Trust (NASDAQ:DHC) announced $0.01/share quarterly dividend, in line with previous. Forward dividend yield for the stock came in at 4.74%. The dividend is payable on Feb. 16 to shareholders of record as of Jan. 23.
2. AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX)
P/E Ratio: 0.42
Number of hedge fund holders: 5
AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) is a pharmaceutical company. So far in 2023 AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) has gained about 16%. However, it still makes it to our list of the 16 stocks with the lowest PE ratios. In December, AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) gained after AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) said its sublingual sufentanil tablets for post-operative pain management showed strong results. As of the end of the third quarter, 5 hedge funds in Insider Monkey’s database had stakes in AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX), compared to 3 funds in the previous quarter. The biggest stakeholder of AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) is Kris Jenner, Gordon Bussard and Graham Mcphail’s Rock Springs Capital Management.
1. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)
P/E Ratio: 0.35
Number of hedge fund holders: 15
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is an Israeli shipping company. In November, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) gained after the firm posted strong Q3 results. However, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) lowered its 2022 guidance to reflect declines in spot freight rates, decreasing demand and adjusted contract rates. As of the end of the third quarter, 15 hedge funds tracked by Insider Monkey reported having stakes in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), compared to 19 funds in the previous quarter.
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