Yahoo Finance 95 Promising Stocks You Can Currently Buy for Less Than $5 Per Share
Investing in the stock market can be an idea that’s both captivating and alluring. Many see it as a way to build wealth quickly, with nearly endless opportunities for financial growth provided that the right stocks are pursued with the classic “buy low, sell high” mantra in mind. The truth, though, is that it’s quite a bit more complex than that.
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New investors, especially those with limited funds and little experience in the complexities and potential risks of investing, often find themselves drawn to low-priced stocks. Numerous publicly traded stocks, commonly referred to as “penny stocks,” are available for under $5.
The affordability of these shares can seem like a promising, low-cost way to enter the world of investing. However, despite their appealingly low prices, it’s essential to recognize the inherent risks and difficulties associated with these types of investments.
Let the Buyer Beware
A few cautionary words may be in order for anyone considering investing heavily in these kinds of stocks. Many investors may plan to make early gains and re-invest in more expensive and potentially more lucrative stocks, but due to the inherent dangers investing at this level can bring, they may never see that opportunity unfold.
The expectation of buying a large number of shares at a low price and watching the stock price soar is a lot more akin to dreaming of winning the lottery than a standard and sound investment strategy. Getting in on the ground floor of an undervalued stock is every investor’s hope, but it’s important to remember that investing — especially at this level — is inherently risky.
Before making a stock buy, it’s critical to do your due diligence, as stocks traded at these prices often experience higher volatility and greatly increased risk. As always, never invest more than you can afford to lose.
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Publicly Traded Stocks Currently Listed at Under $5 per Share
The following list of 100 stocks are all currently trading at under $5 per share. Please note that while the prices and details listed below are accurate as of the time of this writing, as with all publicly traded stocks, they are subject to rapid and unexpected change.
Also, bear in mind that any company named with an ADR suffix is a foreign company that can only be traded with an American Depositary Receipt, a negotiable certificate issued by a U.S.-based bank that represents ownership of shares in these overseas companies.
Please note that the following entries are intended for informational purposes only and do not constitute financial advice. In addition, images are solely for representational purposes.
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1. CRKN, Crown Electrokinetics
CRKN, Crown Electrokinetics Corp., trading at $3.55.
This “smart glass” technology company is an offshoot of Hewlett Packard and markets a product called DynamicTint, which can enable any glass surface, from windows, displays, or conference room tables, to transition between transparent and opaque within seconds
2. OPTT, Ocean Power Technologies
OPTT, Ocean Power Technologies, trading at $0.35.
Ocean Power Technologies Inc. focuses on commercializing unique systems designed to generate electricity primarily by capturing the renewable energy of ocean waves
3. SING, SinglePoint Inc.
SING, SinglePoint Inc., trading at $0.14.
SinglePoint Inc. is dedicated to renewable and sustainable solutions, with an emphasis on solar power and indoor air purification. The company aims to create the largest vertically integrated network for marketing and installing solar panels for both residential and commercial markets.
4. OMEX, Odyssey Marine Exploration
OMEX, Odyssey Marine Exploration, trading at $4.70.
Though this stock is currently trading right at $5 per share, it frequently dips below that level during daily trading. Odyssey Marine specializes in the exploration, development and extraction of deep-sea mineral resources.
5. CETX, Cemtrex Inc.
CETX, Cemtrex Inc., trading at $0.20.
Cemtrex provides innovative technological solutions to a wide range of corporate clients like Corning Glass, Daimler-Mercedes and Harman Kardon. The company has recently branched out from electronics manufacturing into emerging technologies, including AI-based analytics and “smart video” management solutions.
6. STAF, Staffing 360 Solutions Inc.
STAF, Staffing 360 Solutions Inc., trading at $2.04.
This rapidly growing firm has a focus on talent acquisition and integration across staffing agency clients both in the U.S. and UK, primarily in finance and accounting, administrative, engineering, information technology and commercial staffing roles.
7. JOB, GEE Group Inc
JOB, GEE Group Inc., trading at $0.31.
GEE Group Inc. provides permanent and temporary professional and industrial staffing and placement services in and around several U.S. cities.
8. ARQQ, Arqit Quantum Inc
ARQQ, Arqit Quantum Inc., trading at $0.37.
Arqit provides cybersecurity services from satellite and terrestrial platforms in the United Kingdom. A chief product offering is QuantumCloud, a PaaS or platform as a service, which generates what the company claims are unbreakable software encryption keys.
9. PWFL, PowerFleet Inc.
PWFL, PowerFleet Inc., trading at $4.57.
PowerFleet has positioned itself as a global leader in Internet of Things and software-as-a-service solutions, optimizing the performance of mobile assets and resources for predominantly corporate and logistical clientele.
10. BQ, Boqii Holding Ltd
BQ, Boqii Holding Limited ADR, trading at $0.36.
Boqii Holding Limited operates a pet-centric platform in the People’s Republic of China. The company provides food, treats, shampoos, toys, cages, apparel and other pet accessories to the increasing number of pet enthusiasts in mainland China.
11. AQMS, Aqua Metals Inc.
AQMS, Aqua Metals Inc., trading at $0.32.
Aqua Metals claims to be “reinventing metal recycling” through means of its patented “AquaRefining” technology. This tech produces metals and alloys that can re-enter the battery manufacturing supply chain, in addition to being sold for use in various advanced manufacturing industries.
12. FTCI, FTC Solar Inc
FTCI, FTC Solar Inc., trading at $0.43.
FTC Solar is responsible for cost-saving and performance-enhancing innovations in equipment that enables solar panel arrays to more effectively track the position of the sun for optimal electrical generation.
13. IPDN, Professional Diversity Network Inc.
IPDN, Professional Diversity Network Inc., trading at $0.55.
Professional Diversity Network helps employers advance their diversity and inclusion initiatives by connecting them with job seekers from a wide range of backgrounds, including people of color, LGBTQA+ individuals, veterans, people with disabilities, and many others.
14. GNLN, Greenlane Holdings Inc.
GNLN, Greenlane Holdings Inc., trading at $0.28.
As the name might suggest, Greenlane Holdings develops and distributes cannabis accessories, vaporizing solutions and “lifestyle products” across North America and Europe.
15. GEVO, Gevo Inc.
GEVO, Gevo Inc., trading at $0.60.
Gevo is an American renewable chemicals and advanced biofuels company that operates in the sustainability sector with a forward-thinking business model based on the “circular economy” idea.
16. PPBT, Purple Biotech Ltd
PBBT, Purple Biotech Ltd., trading at $0.36.
Purple Biotech is a clinical-stage company focused on developing first-in-class oncology therapies aimed at overcoming tumor immune evasion and drug resistance in cancer patients.
17. DNMR, Danimer Scientific, Inc.
DNMR, Danimer Scientific Inc., trading at $0.56.
Danimer Scientific produces biodegradable plastics and plastic substitutes with a focus on sustainability and environmentally friendly products.
18. KORE, KORE Group Holdings Inc.
KORE, Kore Group Holdings Inc., trading at $3.28.
KORE produces Internet of Things solutions and services for a wide-ranging corporate customer base, with applications predominantly in warehousing and logistics.
19. SNES, SenesTech Inc.
SNES, SenesTech Inc., trading at $0.44.
This agricultural biotechnology life-sciences company specializes in fertility management as a method of pest control. The company’s primary product, ContraPest, is designed to render brown and black rats infertile.
20. TAOP, Taoping Inc
TAOP, Taoping Inc., trading at $0.65.
This Chinese firm provides blockchain and cloud-based technologies for Internet of Things platforms, including digital advertising delivery and internet-based information distribution systems.
21. CISO, CISO Global Inc.
CISO, CISO Global Inc., trading at $0.53.
This cybersecurity firm specializes in compliance and consolidated tools and vendors for security monitoring, intrusion detection and response, and system testing.
22. NVVE, Nuvve Holding Corp.
NVVE, Nuvve Holding Corp., trading at $0.59.
This sustainable energy technology company specializes in advanced “vehicle-to-grid” technology intended to make charging stations for EVs more common and accessible.
23. XXII, 22nd Century Group Inc.
XXII, 22nd Century Group Inc., trading at $0.72.
This plant biotechnology company is dedicated to advancing technologies that modify nicotine levels in tobacco plants and cannabinoid levels in hemp cannabis plants.
24. SIFY, Sify Technologies Limited ADR
SIFY, Sify Technologies Limited ADR, trading at $0.43.
Sify Technologies specializes in providing comprehensive internet, cloud services, network and electronic commerce services in India.
25. DXYN, Dixie Group Inc.
DXYN, Dixie Group Inc., trading at $0.67.
Dixie Group is a manufacturer of tufted broadloom carpets, custom rugs and proprietary yarns used in textile production.
26. OPAL, OPAL Fuels Inc.
OPAL, OPAL Fuels Inc., trading at $4.00.
OPAL Fuels is a renewable fuels provider specializing in the production and distribution of renewable natural gas for the heavy-duty and long-distance trucking market.
27. TOUR, Tuniu Corp
TOUR, Tuniu Corp. ADR, trading at $0.92.
This Chinese leisure travel company offers integrated travel services with a wide selection of packaged tours.
28. GSAT, Globalstar Inc.
GSAT, Globalstar Inc., trading at $1.19.
This satellite communications company operates a low Earth orbit satellite constellation for satellite phone services, low-speed data communications and Earth observation.
29. VRAR, Glimpse Group Inc.
VRAR, Glimpse Group Inc., trading at $1.01.
Glimpse creates and offers virtual reality, augmented reality and spatial computing software and services tailored for businesses.
30. HTOO, Fusion Fuel Green PLC
HTOO, Fusion Fuel Green PLC, trading at $0.88.
This company manufactures hydrogen and hydrogen generators for clients managing their own green hydrogen facilities.
31. NRGV, Energy Vault Holdings Inc.
NRGV, Energy Vault Holdings Inc., trading at $1.08.
Energy Vault, a company with roots in Switzerland and a global footprint, focuses on innovative energy storage solutions that utilize gravity and kinetic energy for long-duration storage.
32. BW, Babcock & Wilcox Enterprises Inc.
BW, Babcock & Wilcox Enterprises Inc., trading at $1.59.
Babcock & Wilcox is an American energy technology and service company with a growing presence in international markets. Though predominantly known in the past for traditional energy sources and the reputation of its industrial steam boilers, the company is pursuing alternative and renewable energy technologies.
33. STEM, Stem Inc.
STEM, Stem Inc., trading at $1.25.
Stem provides clean energy solutions and services geared toward enhancing the economic gains, environmental benefits, and resilience of energy assets as a “digitally connected” renewable energy storage network provider.
34. YTRA, Yatra Online Inc.
YTRA, Yatra Online Inc., trading at $1.29.
Yatra is an online travel agency catering predominately to customers on the Indian subcontinent and aims to be a one-stop-shop for travelers interested in traveling from India to any worldwide destination.
35. RVYL, Ryvyl Inc.
RVYL, Ryvyl Inc., trading at $1.80.
Ryvyl is focused on harnessing the inherent security of blockchain technology to create and market blockchain-based payment solutions across North America, Europe and Asia.
36. INTZ, Intrusion Inc.
INTZ, Intrusion Inc., trading at $1.28.
Intrusion Inc. is a cybersecurity firm specializing in security software solutions and real-time network monitoring, dedicated to safeguarding against cyberattacks.
37. GTEC, Greenland Technologies Holding Corp
GTEC, Greenland Technologies Holding Corp., trading at $1.68.
The company has earned a strong reputation as the foremost provider of transmission and drivetrain systems for material handling equipment in China.
38. SST, System1 Inc.
SST, System1 Inc., trading at $1.38.
Formerly known as OpenMail, this company has created and is marketing technology it refers to as “Responsive Acquisition Marketing Platform,” or RAMP. The product emphasizes privacy in marketing and advertising efforts.
39. ALTO, Alto Ingredients Inc.
ALTO, Alto Ingredients Inc., trading at $1.50.
The company develops and manufactures plant-based food and beverage ingredients, primarily made from corn, with a focus on sustainability.
40. CSLR, Complete Solaria Inc.
CSLR, Complete Solaria Inc., trading at $1.52.
The company designs, manufactures and markets concentrated solar power systems that use sunlight to generate electricity, primarily to larger-scale municipal or private energy production companies.
41. FEAM, 5E Advanced Materials Inc.
FEAM, 5E Advanced Materials Inc., trading at $1.02.
The company develops and manufactures specialty chemicals and chemical coatings used in various industrial applications, including electronics and energy production and transmission, with a focus on sustainable, eco-friendly methods.
42. USIO, Usio Inc.
USIO, Usio Inc., trading at $1.61.
Usio offers secure, integrated payment solutions for a variety of sectors, including lenders, SaaS companies, nonprofits, and utilities. Its services encompass payment facilitation, ACH transactions, card issuing and more.
43. TYGO, Tigo Energy Inc.
TYGO, Tigo Energy Inc., trading at $1.46.
Tigo Energy designs and manufactures “smart” solar inverter systems used in large-scale solar energy projects.
44. URG, Ur-Energy Inc.
URG, Ur-Energy Inc., trading at $1.31.
This company is involved in the exploration, mining and development of uranium for the creation of fuel rods to generate nuclear power.
45. PIXY, ShiftPixy Inc.
PIXY, ShiftPixy Inc., is trading at $1.50.
ShiftPixy seeks to take the “gig economy” a step further by matching work opportunities from job providers with shift workers’ available time slots. Its platform collects information from job providers about open shift opportunities and offers them to qualified workers, decreasing the costs and time investment necessary for formal job interviews and long-term commitments.
46. MOGO, Mogo Inc.
MOGO, Mogo Inc., trading at $1.52.
This financial technology company specializes in providing digital banking solutions, such as credit products and online money management tools, primarily catering to the Canadian market.
47. SOL, Emeren Group Ltd
SOL, Emeren Group Ltd ADR, trading at $1.71.
This is an Israeli holding company with subsidiaries operating primarily in the renewable energy sector, focusing on solar and wind power generation.
48. UCL, uCloudlink Group Inc
UCL, uCloudlink Group Inc ADR, trading at $1.55.
This Chinese firm provides cloud-based mobile data and communication services, including mobile data traffic optimization and Internet of Things connectivity solutions.
49. CHPT, ChargePoint Holdings Inc.
CHPT, ChargePoint Holdings Inc., trading at $1.93.
This leading electric vehicle charging network operator provides comprehensive hardware, software and cloud-based solutions for EV charging stations and infrastructure.
50. RLX, RLX Technology Inc.
RLX, RLX Technology Inc. ADR, trading at $1.76.
This Chinese company specializes in the development and manufacturing of vaping devices and related consumables, specifically targeting the closed-pod e-cigarette market.
51. TKNO, Alpha Teknova, Inc.
TKNO, Alpha Teknova, Inc., trading at $3.27.
Teknova produces essential reagents for the research, discovery, development and commercialization of novel therapies, vaccines and molecular diagnostics, serving both the United States and international markets.
52. TUYA, Tuya Inc
TUYA, Tuya Inc ADR, trading at $1.55.
A Chinese cloud-based platform, Tuya enables brands and manufacturers to connect smart devices to the Internet of Things and provides the technology and infrastructure necessary for companies to develop and manage their own smart home or connected device ecosystems.
53. STXS, Stereotaxis Inc.
STXS, Stereotaxis Inc., trading at $1.99.
Stereotaxis focuses chiefly on surgical robotics, specializing in minimally invasive endovascular interventions and the discovery, development and delivery of advanced robotic systems, instruments and information solutions for interventional clinics and laboratory environments.
54. LASE, Laser Photonics Corp.
LASE, Laser Photonics Corp., trading at $1.70.
This company designs, manufactures and distributes advanced laser technology for a range of industrial applications, such as material processing, micromachining and welding
55. MSAI, MultiSensor AI Holdings Inc.
MSAI, MultiSensor AI Holdings Inc., trading at $1.57.
As the name suggests, MultiSensor AI specializes in predictive maintenance and asset reliability, manufacturing process control and facility safety protocols. Through its MSAI Cloud software platform, MSAI enhances operational efficiency and safety for global enterprises across a variety of industries, including manufacturing, electric utilities, oil and gas, distribution and logistics.
56. BEST, BEST Inc
BEST, BEST Inc ADR, trading at $2.73.
This Chinese express delivery and logistics company provides domestic and international shipping services primarily within China and across Southeast Asia.
57. SGRP, SPAR Group
SGRP, SPAR Group, trading at $2.01.
This South African retail holding company is operating a network of retail stores across multiple countries in Southern Africa, focusing on apparel, footwear and home goods.
58. RCRT, Recruiter.com Group Inc.
RCRT, Recruiter.com Group Inc., trading at $2.12.
This company operates an on-demand online employment marketplace connecting employers with job seekers, providing recruitment software and services for businesses.
59. EVGO, EVgo Inc.
EVGO, EVgo Inc., trading at $3.75.
EVgo is focused on building and operating a network of electric vehicle charging stations across the U.S. Its stated goal is to make infrastructure and services for electric vehicle charging more accessible, thereby promoting electric vehicle adoption.
60. MOND, Mondee Holdings Inc.
MOND, Mondee Holdings Inc., trading at $2.77.
This travel technology company serves leisure travel markets both in the U.S. and internationally. The Travel Marketplace segment focuses primarily on selling discounted or upgraded airline tickets through its platform.
61. FSI, Flexible Solutions International Inc.
FSI, Flexible Solutions International Inc., trading at $1.99.
Now operating primarily under the name NanoChem, this company has the stated mission of researching, innovating and manufacturing products designed to help farmers boost crop yields and enable oil and gas organizations to reduce water usage and energy consumption and minimize environmental footprints through advanced cleaning and water treatment methods.
62. LNZA, LanzaTech Global Inc.
LNZA, LanzaTech Global Inc., trading at $1.96.
This company develops and licenses innovative technologies that transform waste gases, including industrial emissions and captured carbon dioxide, into marketable “green” products like biofuels and chemicals. It focuses on developing technology designed to bolster sustainability by reducing waste and generating useful resources.
63. KRMD, KORU Medical Systems, Inc.
KRMD, KORU Medical Systems, Inc., trading at $2.56.
KORU Medical is a manufacturer of subcutaneous infusion devices worn by patients that administer life-saving immunoglobulin therapies to those suffering from chronic illnesses such as primary immunodeficiencies and chronic inflammatory demyelinating polyneuropathy.
64. AWX, Avalon Holdings Corp.
AWX, Avalon Holdings Corp., trading at $2.20.
Avalon Holdings offers waste management services to industrial, commercial, municipal and government customers in specific markets across the northeastern and midwestern United States.
65. VVPR, VivoPower International PLC
VVPR, VivoPower International PLC, trading at $2.35.
VivoPower is a global enterprise specializing in battery technology, electric vehicles, solar energy and other critical power services with a special focus on providing sustainable energy solutions.
66. LOOP, Loop Industries Inc.
LOOP, Loop Industries Inc., trading at $1.66.
Loop develops and licenses “cutting-edge technology” with the intention of recycling plastic waste into new plastic products. The company’s name hints at its ultimate goal of creating a “closed-loop” system for plastics to reduce or eliminate reliance on virgin materials and promote greater sustainability.
67. UROY, Uranium Royalty Corp.
UROY, Uranium Royalty Corp., trading at $2.29.
Uranium Royalty specializes in investing in and acquiring royalty interests in uranium mines, refinement and production properties for use in the creation of fuel rods for nuclear power plants. The company differs from others in the sector as it generates profits through royalties on uranium production rather than directly mining or processing uranium.
68. ARC, ARC Document Solutions Inc.
ARC, ARC Document Solutions Inc., trading at $3.09.
This company offers comprehensive document management solutions and services, including document scanning, storage, data management and other related services to support businesses predominantly in the non-residential architecture, engineering and construction sectors.
69. BLDP, Ballard Power Systems Inc.
BLDP, Ballard Power Systems Inc., trading at $2.23.
Ballard Power Systems develops and manufactures proton exchange membrane fuel cell technology, which converts hydrogen into electricity with only water vapor as the byproduct. The company focuses on leveraging fuel cell applications to create clean energy solutions for transportation, stationary power and portable power sectors.
70. JG, Aurora Mobile Ltd
JG, Aurora Mobile Ltd ADR, trading at $2.59.
This Chinese company provides cloud-based customer relationship management and automated marketing solutions to help larger businesses more effectively manage customer interactions, personalize marketing campaigns and analyze customer data.
71. TLF, Tandy Leather Factory Inc.
TLF, Tandy Leather Factory Inc., trading at $4.21.
This company is a well-known name in the production and supply of leather material and leatherworking supplies for a client base ranging from hobbyists to commercial users.
72. TV, Grupo Televisa SAB
TV, Grupo Televisa SAB ADR, trading at $2.27.
This is one of the most predominant Mexican media outlets, specializing in television broadcasting, content production and publishing.
73. PFMT, Performant Financial Corp.
PFMT, Performant Financial Corp., trading at $3.24.
Performant assists commercial healthcare and government payers in boosting revenue and controlling costs by identifying, preventing and recovering waste, improper payments and defaulted assets. As a leading service provider, Performant operates in various markets, including Medicare, Medicaid and commercial healthcare.
74. RBBN, Ribbon Communications Inc.
RBBN, Ribbon Communications Inc., trading at $3.89.
This company develops and manufactures optical communications technology used in telecommunications networks. Its products enable higher-speed data transmission over existing fiber optic cable networks.
75. CDZI, Cadiz Inc.
CDZI, Cadiz Inc., trading at $3.68.
This water resources development company focuses on large-scale groundwater storage projects, primarily for residential municipalities. Its primary project involves storing freshwater underground in aquifers for future use when such naturally replenished aquifers may become depleted.
76. OLB, OLB Group Inc.
OLB, OLB Group Inc., trading at $2.72.
This cloud-based business management platform offers comprehensive omnichannel commerce solutions with the intent to make it easier for businesses to create more highly customized websites, process payments faster and make tracking inventory for JIT ordering more streamlined.
77. CONN, Conn’s Inc.
CONN, Conn’s Inc., trading at $0.35.
Conn’s operates retail stores across the United States, specializing in selling bedding, furniture, electronics and home appliances, with an emphasis on providing flexible financing alternatives to clientele who may have bad credit or limited credit history.
78. FNGR, FingerMotion Inc.
FNGR, FingerMotion Inc., trading at $2.02.
Billing itself as a “mobile data solution,” FingerMotion specializes primarily in point-of-sale devices, electronic device recharging stations and various other analytical services to its client base in China.
79. LICY, Li-Cycle Holdings Corp.
LICY, Li-Cycle Holdings Corp., trading at $3.49.
Li-Cycle offers innovative lithium-ion battery recycling solutions for electronic devices and electrical vehicles in an effort to offset the environmental threat they pose when they need to eventually be disposed of. According to the company’s website, Li-Cycle is dedicated to developing environmentally responsible methods for recycling and recovering valuable materials from these used batteries.
80. CXDO, Crexendo Inc.
CXDO, Crexendo Inc., trading at $3.87.
Crexendo specializes in developing and providing cloud-based communication solutions to help businesses manage and streamline their communication processes, offering features such as cloud-based VoIP telephony, unified communications and collaboration tools.
81. ADN, Advent Technologies Holdings Inc.
ADN, Advent Technologies Holdings Inc., trading at $4.70.
Advent Technologies specializes in the development, manufacturing and assembly of complete fuel cell systems and supplying critical components for fuel cells to other manufacturers, with an emphasis on customers in the renewable energy sector.
82. GGB, Gerdau S.A.
GGB, Gerdau S.A. ADR, trading at $3.17.
Gerdau is a prominent global steel producer, transforming over 11 million tons of recycled scrap metal into high-quality steel products each year through its network of metal recycling locations, steel mills and related downstream facilities.
83. IHS, IHS Holding Ltd
IHS, IHS Holding Ltd, trading at $2.90.
Now doing business as “IHS Towers,” this company is among the largest telecommunications infrastructure providers in Africa, Latin America and the Middle East, ranking as the fourth largest independent multinational tower company.
84. AISP, Airship AI Holdings Inc.
AISP, Airship AI Holdings Inc., trading at $3.62.
Airship AI offers AI-driven “intelligence platforms” for video, sensor and data management surveillance, delivered in real time and made available to customers via “cloud-based analytics.” The company’s stated goal is to provide this information to increase safety for both public sector and commercial clients.
85. BWEN, Broadwind Inc.
BWEN, Broadwind Inc., trading at $3.21.
Broadwind manufactures and sells structures, equipment and components primarily for wind-driven “green” technology and other specialized applications within the United States.
86. IVAC, Intevac, Inc.
IVAC, Intevac, trading at $3.68.
Intevac has been a producer of thin film deposition systems and equipment needed for the manufacturing process involved in making hard disk drives for over two decades.
87. SPRU, Spruce Power Holding Corp.
SPRU, Spruce Power Holding Corporation, trading at $3.41.
Spruce Power Holding Corporation owns and operates distributed solar energy assets across the United States. The company provides subscription-based services that enable homeowners and businesses to own and maintain rooftop solar and battery storage systems. Currently, it offers these services to approximately 52,000 customers.
88. ISPO, Inspirato Inc.
ISPO, Inspirato InCorporated, trading at $3.42.
This company specializes in the luxury hospitality trade by offering wealthy travelers carefully curated and managed vacation packages.
89. AMPS, Altus Power Inc.
AMPS, Altus Power Inc., trading at $4.33.
Altus Power develops and operates solar generation and energy storage solutions along with charging infrastructure for commercial, public sector, industrial and residential customers.
90. ALTM, Arcadium Lithium PLC
ALTM, Arcadium Lithium PLC, trading at $3.29.
This company specializes in the production of lithium chemical products for portable electronics, electric cars and stationary storage facilities.
91. CVV, CVD Equipment Corp.
CVV, CVD Equipment Corp., trading at $3.96.
CVD Equipment designs, develops, manufactures and sells equipment for the development and production of industrial materials and coatings.
92. FF, FutureFuel Corp.
FF, FutureFuel Corp., trading at $5.49.
FutureFuel Corp. and its subsidiary companies manufacture and sell a range of chemical, bio-based fuel and other bio-based specialty chemical products. This was recently under $5 but shot up in the last couple of weeks, so we kept it on the list.
93. CULP, Culp Inc.
CULP, Culp Inc., trading at $5.00.
Culp is a long-established global provider of mattress and upholstery fabrics worldwide, known for supplying fashion-forward fabrics to leading home furnishings manufacturers and retailers.
94. DTSS, Datasea Inc.
DTSS, Datasea Inc., trading at $2.70.
Datasea is a leading provider of products, services and solutions for enterprise and retail customers in innovative industries such as acoustics and 5G-AI multimodal communication, with a specific focus on ultrasonic, infrasound and directional sound technology.
95. LSAK, Lesaka Technologies Inc.
LSAK, Lesaka Technologies Inc., trading at $4.73.
Lesaka Technologies is a South African financial technology company that primarily focuses on providing financial services to previously underserved communities, unbanked individuals and traditional merchants.
Things To Be Aware of When Investing in Penny Stocks — Volatility
Stocks priced under $5 are notoriously volatile. Their prices can swing wildly in short periods, leading to significant gains but also dramatic and painful losses. This volatility is often a factor of the low trading volume and limited market capitalization these stocks typically experience, making them more susceptible to market manipulation.
Lack of Complete Information
Companies that list penny stocks often have limited disclosure requirements and a profound lack of analyst coverage. The relative absence of reliable information makes it extremely challenging for investors to make well-educated decisions or conduct proper research. Without detailed financial statements and performance reports, determining the actual value and potential of these companies can be nearly impossible.
Liquidity Issues
Low-priced stocks frequently suffer from liquidity problems. This means that even if you own thousands of shares, finding a buyer may be difficult at best and impossible in some cases. This lack of liquidity can lead to significant delays in executing trades and may even force investors to sell at a much lower price than they may have hoped for.
Delisting Risk
This may be the most serious issue in trading stocks valued under $5. Stocks that consistently trade below certain price levels risk being delisted from major stock exchanges. Exchanges like the NYSE and NASDAQ have minimum price standards, and if a stock consistently falls below that standard, it may face delisting. This can lead to even more severe liquidity problems and higher volatility as the stock moves to less regulated over-the-counter markets.
Increased Potential for Fraud
Investing in penny stocks can expose investors to an increased risk of fraud. These low-priced stocks are typically offered by smaller, less established companies. Because of their size or the relatively short time they’ve been in business, these companies aren’t always required to meet the kind of stringent regulatory standards faced by larger, more established firms.
Investors may have limited access to reliable, accurate and transparent information about such a company’s financials, making it easier for bad actors to engage in fraudulent activities. One common practice to be aware of is often called a “pump-and-dump” scheme.
This involves holders of a large number of shares of a low-priced stock artificially inflating the stock’s price through deceptive marketing or other means of market manipulation and then selling their shares at the peak price. This leaves the victims of such scams, innocent and unaware investors, facing significant losses when the value of the stock inevitably plummets.
Pennies Can Add Up to Dollars
None of these warnings are intended to dissuade you from investing in stocks priced under $5. They can be a great way to learn more about speculative investments and how to meaningfully understand market conditions and complexities, and some can potentially see high returns — it does happen from time to time.
As with any investment opportunity, think long and hard about your risk tolerance, conduct research as thoroughly as some of these options will allow, consider diversifying your holdings by spreading your investment capital across several different penny stocks and, as always, never invest more than you can afford to lose.
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This article originally appeared on GOBankingRates.com: 95 Promising Stocks You Can Currently Buy for Less Than $5 Per Share
