Best Stocks Under $20

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Contributor, Benzinga
Updated: February 7, 2023

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Ioneer (XNAS:IONR)

Ioneer Ltd is a mineral exploration company. The company’s focus is on the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA. Geographically, the group has a business presence in Australia and North America.

$12.3799
0.6399[5.45%]
Last update: 3:17PM (Delayed 15-Minutes)
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Day Range11.790 - 12.38052 Wk Range10.010 - 24.000Open / Close11.850 / 12.350Float / Outstanding- / 52.500M
Vol / Avg.19.035K / 24.023KMkt Cap649.945MP/E-50d Avg. Price13.110
Div / Yield- / -%Payout Ratio-Total Float-EPS-

Snap (XNYS:SNAP)

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.

$11.56
-0.65[-5.32%]
Last update: 3:59PM (Delayed 15-Minutes)
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Day Range11.550 - 12.29052 Wk Range7.330 - 41.970Open / Close12.170 / 11.560Float / Outstanding828.378M / 1.581B
Vol / Avg.33.392M / 32.560MMkt Cap18.280BP/E-50d Avg. Price9.740
Div / Yield- / -%Payout Ratio-Total Float828.378MEPS-

Carvana (XNYS:CVNA)

Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage.

$14.03
0.84[6.37%]
Last update: 3:59PM (Delayed 15-Minutes)
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Day Range12.770 - 16.77052 Wk Range3.550 - 163.180Open / Close13.000 / 14.010Float / Outstanding62.567M / 105.948M
Vol / Avg.54.974M / 30.486MMkt Cap1.486BP/E-50d Avg. Price6.850
Div / Yield- / -%Payout Ratio-Total Float62.567MEPS-

Deciphera Pharmaceuticals (XNAS:DCPH)

Deciphera Pharmaceuticals Inc is a biotechnology company, which develops and manufactures kinase-inhibiting drugs for the treatment of cancers and immunological diseases. It holds a diverse pipeline of drug candidates that includes three clinical-stage and two research-stage programs. Its lead drug candidate DCC-2618 is designed to inhibit the full spectrum of mutant or amplified KIT and Pdgfra kinases that drive cancers such as gastrointestinal stromal tumors, advanced systemic mastocytosis, gliomas, and other solid tumors. In addition, it is also developing two other clinical-stage drug candidates, DCC-3014 and Rebastinib. Geographically all the operations function through the region of the United States.

$15.72
-0.86[-5.19%]
Last update: 4:00PM (Delayed 15-Minutes)
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Day Range15.625 - 16.57052 Wk Range6.510 - 22.760Open / Close16.400 / 15.720Float / Outstanding52.166M / 75.947M
Vol / Avg.748.849K / 728.985KMkt Cap1.194BP/E-50d Avg. Price17.210
Div / Yield- / -%Payout Ratio-Total Float52.166MEPS-

Blink Charging (XNAS:BLNK)

Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. Its principal line of products and services are the Blink EV charging network (the Blink Network) and EV charging equipment (also known as electric vehicle supply equipment), and EV-related services.

$11.76
-0.21[-1.75%]
Last update: 4:00PM (Delayed 15-Minutes)
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Day Range11.750 - 12.19952 Wk Range9.850 - 29.990Open / Close11.970 / 11.760Float / Outstanding45.711M / 51.524M
Vol / Avg.2.426M / 1.405MMkt Cap605.922MP/E-50d Avg. Price12.730
Div / Yield- / -%Payout Ratio-Total Float45.711MEPS-

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Stocks under $20 offer investors and traders a lower-cost alternative to more expensive stocks. Despite the misperception that lower-priced stocks carry more risk, the risk profile of many stocks under $20 compares favorably with stocks trading at much higher prices, as does the opportunity for profiting from investing in them. 

In addition, well-established stocks under $20 often pay dividends, which can be ideal for income-minded investors. Some stocks under $20 even have listed options, which can give you additional avenues of income if you wish to sell covered call options. 

Whatever your investing or trading goals might be, stocks under $20 cover a wide range of companies and can offer great opportunities for profit. 

Overview: Best Stocks Under $20

Our picks for best stocks under $20 include a precious metals and mining fund, a large computer manufacturer, an online retail outlet, a family entertainment company and an international e-commerce and internet business. Each of these stocks represents a company with a unique product or service or one that already holds a prominent position in its field.

Best Online Brokers for Stocks Under $20

If you’d like to start trading or investing in stocks under $20, as well as stocks under $10 and stocks under $5, you can through any reputable broker with access to U.S. stock markets. Many online brokers, such as Charles Schwab, Magnifi, Vanguard, TD Ameritrade, E*TRADE, Robinhood and Firstrade, offer commission-free trading. More experienced, active and well-funded traders can use Interactive Brokers. A broker comparison table to help you choose among them appears below. 

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Features to Look for in Stocks Under $20

  • Desirable product or service: To achieve success with stock investments, one of your first and foremost considerations should be whether the company has a viable product or service with significant current or anticipated demand for future earnings growth.
  • Good financials: Reviewing the financial profile of the companies whose stocks you’re considering buying will give you a sense of the firm’s assets and liabilities. Pick companies with a solid and improving financial situation and avoid those facing serious business challenges. You can also look for companies whose earnings per share (EPS) do not yet reflect the future business scenarios you expect for them.
  • Analyst ratings: Because liquidity tends to be higher with stocks under but close to $20, many market analysts take the time to review and rate them. Their professional analysis can give you a good idea of whether a stock shows promise as an investment. Also, when a company’s stock receives a good review from a reputable analyst, it tends to attract buying interest in the stock. This then causes the stock’s market price to rise. 

Are Stocks Under $20 Worth Buying?

While some stocks under $20 are definitely worth buying and holding in your portfolio, you do need to do your research on a company before pulling the trigger. You also need to choose carefully because some stocks are on their way to 0 as their companies head toward insolvency, while others could be the next rising star. 

Consider looking for inexpensive companies to invest in with a popular product or necessary service and a respectable financial position. Also, if you plan on taking a large position or engaging in short-term trading in stocks under $20 per share, then choose those with decent market liquidity.