Best Stocks Under $20

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Contributor, Benzinga
Updated: December 7, 2022

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Herbalife Nutrition (XNYS:HLF)

Herbalife Nutrition Ltd is an international nutrition company. The company has five revenue segments: weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature, promotional, and other. The most important segment, weight management, contributing more than 50% of revenue, has as representative products protein drinks, powder, and bars, and herbal tea concentrates, among others. The targeted nutrition segment offers dietary and nutritional supplements rich in herbs, minerals, and vitamins. Energy, sports, and fitness offers energy drinks, while outer nutrition offers facial skin-care, body-care, and hair-care products. Geographically, the main segments are North America, Mexico, South and Central America, EMEA, Asia-Pacific, and China.

Herbalife Nutrition
(NYSE:HLF)
$12.55
-0.51[-3.91%]
Last update: 1:19PM (Delayed 15-Minutes)
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Day Range12.04 - 12.9352 Wk Range12.89 - 45.8Open / Close12.9 / -Float / Outstanding- / 97.9M
Vol / Avg.4.7M / 1.3MMkt Cap1.2BP/E4.2450d Avg. Price18.96
Div / Yield-Payout Ratio-Total Float-EPS-

XPeng (XNYS:XPEV)

Founded in 2015, XPeng is a leading Chinese smart electric vehicle, or EV, company that designs, develops, manufactures and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China’s passenger vehicle market. The company sold over 98,000 EVs in 2021, accounting for about 3% of China’s passenger new energy vehicle market. It is also a leader in autonomous driving technology.

XPeng
(NYSE:XPEV)
$10.89
-0.80[-6.84%]
Last update: 1:19PM (Delayed 15-Minutes)
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Day Range10.35 - 11.0652 Wk Range6.18 - 51.5Open / Close10.98 / -Float / Outstanding- / 855.9M
Vol / Avg.26.9M / 33.8MMkt Cap9.3BP/E-50d Avg. Price8.85
Div / Yield-Payout Ratio-Total Float-EPS-

Asana (XNYS:ASAN)

Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. It helps plan marketing campaigns, streamlines processes, manages sales, and manage product launches. Also, the company provides project management and workflow management solutions.

Asana
(NYSE:ASAN)
$13.498
-0.012[-0.09%]
Last update: 1:19PM (Delayed 15-Minutes)
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Day Range13.26 - 13.7852 Wk Range13.14 - 83.25Open / Close13.48 / -Float / Outstanding- / 212.8M
Vol / Avg.2.6M / 4.6MMkt Cap2.9BP/E-50d Avg. Price19.9
Div / Yield-Payout Ratio-Total Float-EPS-

AVEO Pharmaceuticals (XNAS:AVEO)

AVEO Pharmaceuticals Inc is a commercial-stage, oncology-focused biopharmaceutical company engaged in offering medicines that provide a better life for patients with cancer. The company markets FOTIVDA (tivozanib) in the United States. FOTIVDA is an oral, next-generation vascular endothelial growth factor receptor, or VEGFR, tyrosine kinase inhibitor, or TKI. The group primarily operates in the U.S.

AVEO Pharmaceuticals
(NASDAQ:AVEO)
$14.90
Last update: 1:18PM (Delayed 15-Minutes)
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Day Range14.89 - 14.9152 Wk Range3.06 - 14.95Open / Close14.9 / -Float / Outstanding- / 34.8M
Vol / Avg.466.1K / 1.2MMkt Cap518MP/E-50d Avg. Price13.02
Div / Yield-Payout Ratio-Total Float-EPS-

ProShares UltraShort Bloomberg Natural Gas (ARCX:KOLD)

The ProShares UltraShort Bloomberg Natural Gas seeks to return twice over on the underlying benchmark, which in this case is natural gas pricing.

ProShares UltraShort Bloomberg Natural Gas
(ARCA:KOLD)
$19.45
-2.88[-12.90%]
Last update: 1:19PM (Delayed 15-Minutes)
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Day Range19.29 - 22.1552 Wk Range4.58 - 275Open / Close20.55 / -Float / Outstanding- / -
Vol / Avg.8.7M / 10.5MMkt Cap-P/E-50d Avg. Price17.77
Div / Yield-Payout Ratio-Total Float-EPS-

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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, 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.