When looking for new stocks to invest in, it can be hard to find a good balance of affordability and growth potential. In this article, we’ll talk about some of the best stocks under $50 but over $20. These stocks typically have more stability and long-term potential than a penny stock, but are more affordable than some of the biggest names on the stock market.
Looking for something a bit more affordable? Don’t worry – we also have recommendations for the best stocks under $20, best stocks under $10, best stocks under $5, and best stocks under $1. No matter what you are looking for, there are investment options on the market for every price point.
When looking at stocks under $50, you’ll want to look at their most recent financial data as well as their recent stock performance. If their revenue and earnings per share numbers have been beating analyst expectations, that is often an indication that the stock price will follow.
Wondering where to buy the stocks listed in this article? Check out WeBull! WeBull is an excellent trading app that’s accessible enough for beginners, but also has the advanced features that experienced traders are looking for. They don’t charge any commission fees, and you’ll get free stocks just for signing up!
Best Stocks Under $50 To Buy
Slack Technologies (NYSE: WORK)
Slack is a software company that helps teams communicate online. Their product offers direct messaging and group chat rooms, and it integrates with many other popular productivity tools. They were founded in 2009, but only went public in 2019.
This product has been particularly helpful for people working from home during the COVID-19 pandemic. With Slack, teams can communicate efficiently, even while working from home.
Slack stock went up at the beginning of December 2020 when Salesforce announced a deal to acquire them. However, it will be at least a year until that sale goes through.
This means investors have to use a unique strategy when investing in Slack. When the deal goes through, Slack shareholders will receive a fixed cash payout as well as a portion of Salesforce stock.
There are a few different ways to approach this. The first is to invest in Slack for its short-term growth and sell before the acquisition.
Slack has had strong earnings reports over the last year. They’ve also had a very strong customer retention rate, which is an important factor to consider during tough economic times like these.
You could also plan on keeping the stock when Salesforce absorbs it. Salesforce is another platform that has been performing well during the pandemic. Their shares are currently much more expensive than Slack’s. This means that shareholders would likely profit if the price of both stocks were to stay roughly the same.
Salesforce stock has been more volatile than Slack’s, which could be cause for concern among some investors. However, Salesforce is already a market leader and adding Slack to their suite of products could help them grow even more.
Right now, Slack seems like an affordable growth stock to add to your portfolio for the next year. We’re curious to see how the merger will affect both companies involved.
MGM Resorts (NYSE: MGM)
Given the global COVID-19 shutdowns, it may seem counterintuitive to invest in this resort chain. However, they’re poised to make a comeback, and now could be the right time to get in on the action.
MGM currently has resorts in Las Vegas, Nevada and Macao, China. They also have smaller properties all over the United States.
Both of these cities are starting to reopen after a year of rolling shutdowns. Many people are starting to get vaccinated for COVID-19, which should help slow the spread of the disease so that non-essential businesses can open.
MGM stock has slowly recovered from the stock market crash last March. While they have still lost money, they haven’t been hit as hard as some of their competitors.
They also haven’t been resting on their laurels either – they’ve also been moving into the lucrative online gambling business to keep their revenue up. They launched their BetMGM service with Entain, which is currently operational in nine states.
While this online service is still in its early stages, it has plenty of room to grow. As other states and countries loosen their online gambling laws, BetMGM can expand their customer base.
Since MGM stock has slowly been going up, now could be the right time to buy. They are currently trading for approximately $41 per share. This is a good long-term stock to add to your portfolio as the world recovers from the pandemic.
Methanex Corporation (NASDAQ: MEOH)
Methanex is a chemical manufacturer and distributor based in Canada. Specifically, they are the world’s largest producer of methanol and supply customers all over the world.
Methanol is also sometimes referred to as methyl alcohol. It is used in a wide variety of products, as it can be converted to formaldehyde and can be added to gasoline as well.
The company’s most recent earnings report delivered mixed results. Methanex beat consensus estimates for revenue significantly, but missed earnings per share estimates. However, some experts have increased their price targets for Methanex moving forward.
This stock has performed well since the beginning of 2021, albeit with a few ups and downs. Methyl alcohol is an important material for many different types of production, and Methanex is well-positioned as the world’s leading supplier of it.
Top Stocks Under 50 Dollars
Savvy investors have their eyes on the electric vehicle market right now. With the threat of global climate change looming, many people have been looking for more eco-friendly modes of transportation. While electric vehicles were once considered a luxury item, they are quickly becoming mainstream.
Blink Charging is a stock that can really benefit from a growing electric vehicle market. Blink develops the charging stations and batteries that electric vehicles rely on. They make chargers for private use at homes and businesses, but there are also over 23,000 charging stations around the world.
This stock has plenty of momentum right now. It had a breakout moment at the end of November 2020, although its price has been fluctuating since then. Now is a great time to buy, before they break out of the $50 range.
MaxLinear Inc. (NYSE: MXL)
Electronic components are in high demand right now, as products like smartphones, tablets, and laptops are now considered essentials. There are plenty of microchip companies on the market, but MaxLinear is one that offers plenty of value.
MaxLinear makes broadband semiconductor chips. These chips make it so devices can download and stream video. Many people have been turning to streaming services to stay entertained during the pandemic. There’s plenty of demand for electronic devices with video capabilities.
They also make chips for broadband internet devices. This sector has been particularly successful over the past year, as people have been staying home and relying on their personal mobile devices more than usual.
This stock’s price has been steadily going up over the last year with only a few dips. If they can keep demand up among their biggest clients, MaxLinear has the potential to push higher. Investors will want to keep an eye on their earnings reports when investing in this company.
Best Dividend Stocks Under $50
Gap Inc. (NYSE: GPS)
Gap is a popular retail clothing company that owns several popular stores. These include their namesake brand as well as Old Navy, Banana Republic, Athleta, Intermix, and more.
This retail stock has been on a steady upward trajectory for the past year. While each of their brands are different, the company as a whole sells timeless, essential clothing items. When you consider this, it’s not surprising that Gap has managed to continue performing well despite the economic ups and downs of the past year.
The company has also demonstrated their commitment to sustainable practices recently. Many consumers these days are very concerned with how their clothing is produced and its impact on the environment. By focusing on sustainability, Gap has impressed investors and can appeal to this segment of consumers.
Additionally, Gap pays an excellent dividend yield of 2.66 percent. This makes it a good choice for income investors who are interested in retail stocks.
Top Technology Stocks Under $50
Ping Identity (NYSE: PING)
Ping Identity is a cybersecurity company that makes identity protection products for both consumers and companies. Some of their products include multifactor authentication and cloud security products.
The company has a significant market share in the security industry. They have several large enterprise clients, and they create custom identity security systems to meet their needs.
These identity products and services have been particularly important during the pandemic. Companies needed to find a way for employees to access secure data from home. This has been a boon to Ping Identity, who hit all-time highs this year.
This stock has fluctuated over the last year. After hitting a low point in March, they rebounded, but the price started to drop in the fall before climbing back up again. They are currently trading for approximately $35 per share.
The company is due to announce their quarterly earnings report at the end of February. Some market experts are predicting a drop in sales numbers this quarter. This could dramatically affect their stock price moving forward.
Investors may want to consider waiting until these financial reports come out before they buy. Ping Identity is a stock with plenty of growth potential, but timing is essential when adding any investment to your portfolio.
Biotech Stocks Under $50
Celcuity Inc (NASDAQ: CELC)
Celcuity is a biotech company based in Minneapolis that focuses on cancer treatments. While their stock price has been trending upwards for several months now, it recently skyrocketed as a result of an exciting new deal with Pfizer.
Pfizer is one of the world’s foremost pharmaceutical companies right now, and they made an exclusive deal with Celcuity for a breast cancer treatment. Since Pfizer is such a respected company, this deal immediately gives Celcuity some clout.
It also should give them a steady influx of cash, something that is very important for any biotech company developing new therapies. Celcuity may be a relatively small company now, but we wouldn’t be surprised to see them continue to thrive after this deal is complete.
Best Stocks Under $50: Final Thoughts
Stocks in the range of $20 and $50 are a great option for investors on a budget. Investing in these stocks is much less risky than cheaper penny stocks, but buying a share still won’t break the bank.
Keep an eye on the stocks under $50 we listed in this article. Many could break out of the $50 range soon. This means you’ll want to add them to your portfolio while prices are still low.
Looking for more great stocks under $50? Check out Trade Ideas! Trade Ideas is an innovative software program that uses AI technology to help you find great new investment opportunities without the hassle.