When looking for new stocks to invest in, finding a good balance of affordability and growth potential is hard. Where can you discover these gems hidden beneath the mountain of stocks? This article will help you find the best stocks under $50 and above the $20 mark.
Best Stocks Under $50 to Buy
Northern Oil & Gas, Inc. (NYSEAMERICAN: NOG)
Northern Oil & Gas is an oil and natural gas company that specializes in mineral interests and has oil and gas properties in the United States. The company is in four states, with over 7,000 active wells.
10% of these wells are non-operated, making Northern Oil & Gas the largest operator-free extractor. Over the last three quarters, NOG has surpassed its revenue estimates through its constant supply of materials.
The company is also expanding its operations with its recent acquisition of Bolt-on. For $170 million, NOG bought holdings in the Williston Basin with the expectation that average production would be >2,500 Boe per day for the following twelve months.
Albeit through ups and downs along the way, the share price has climbed 115% over the last year and looks to keep going. NOG has also recently introduced a plan to pay its shareholders a 2.09% dividend yield.
Advertised as a company for investors, a rising share price and a long-term dividend growth plan speak well to traders.
Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX)
Allscripts offers financial, clinical, and operational tools to hospitals and providers. The company uses smart electronic health record tools to log data and manage time through customizable workflows.
It also has a suite of practice management solutions to make clinics and hospitals run more efficiently. A series of other products give Allscripts a well-rounded appeal. Currently, over 24,000 practices around the country use these services.
The well-known healthcare solutions and services provider has a $1.79 billion market value. Over the next five years, the firm plans to increase by 16.3% and sustain its solid performance.
MDRX also announced that the U.S. had chosen its practice management, patient registration, and scheduling platform in April during its first-quarter 2022 earnings call in May.
This includes deployment to more than 200 authorized health units housed within MSCs and missions worldwide.
The first quarter of 2022 saw Allscripts perform well, boosting confidence in the stock. Impressive growth has been seen in both the top and bottom lines year over year. Both categories’ revenues increased throughout the quarter, which is promising.
Allscripts’ announcement in March increased investors’ trust in the stock, as it will revive its previous Application Store as the Allscripts App Expo. This growth in the gross margin is another advantage to look at if you’re an investor.
Simply Good Foods (NASDAQ: SMPL)
Simply Good Foods makes healthy snacks and drinks for the masses with protein bars, shakes, and more. The company is based in Denver, Colorado, and has two well-known subsidiaries: Atkins and Quest Nutrition.
These brands have created a name for themselves and can be found in many major retailers around the country. While SGF products will not appeal to every consumer, it has an established following.
The Atkins brand has been around for decades and is a trusted name in the health foods industry. Simply Good Foods stock has been on a steady upward trajectory over the past year, with a 25% gain in share price.
This is likely due to its strong financial performance over the past few quarters. The company has consistently crushed revenue and earnings estimates, indicating that its business model is working.
The company’s most recent third-quarter financial results demonstrated the strong market performance of its operations. These are still fueled by its emphasis on expansion and capacity for successful operation in a difficult operating environment.
Net sales rose by 11.5%, while measured and unmeasured channel growth in the U.S. retail takeout market as a whole was up by roughly 15%. Both are in line with net sales growth in the rest of North America.
Due to better-than-expected retail takeout growth and larger customer inventory that wasn’t depleted throughout the quarter, the net sales gain in the quarter exceeded expectations.
If Simply Good Foods can keep up its positive performance in future quarters, the stock price could also see more growth.
Top Stocks Under 50 Dollars
HP Inc. (NYSE: HPQ)
HP is known for desktops, laptops, printers, accessories, and more in technology. In addition to the HP brand, the company also has three other brands to expand its presence in the tech space.
One such brand, Arize, is a digital tool used to create custom foot orthotics. HP recently acquired Choose Packaging, which produces zero-plastic paper bottles, to further expand its presence.
The company’s environmental focus also plants trees anytime HP+ users prints a page.
HP has boosted dividend payouts by 70% over the past five years. It now has a 2.96 percent dividend yield, which is above average and is entirely financed by free cash flow.
During the past two years, HP has distributed all of its free cash flow to shareholders through dividends and share repurchases.
That the company is aging and slow-growing is among the opinions expressed by some individual investors. However, they are the ones that would be losing out on a jewel.
With HP’s stock price down 10% year to date compared to a 21% fall for the S&P 500, the company has notably outperformed the overall market during the bear market.
Capital is being allocated by management to sectors like premium gaming PCs, subscription printing services, and videoconferencing tools that should maintain sales and profit margins.
Columbus McKinnon Corp. (NASDAQ: CMCO)
Columbus McKinnon is known for its lifting and conveyor equipment. The company uses intelligent motion technology to create unique solutions for its customer base.
Products include cranes, rigging equipment, rail technology, and precision conveyors for getting the job done. Equipment falls into 16 different brands, each with its own niche.
With over 150 years of experience, Columbus McKinnon has a presence on nearly every continent on the globe. The last two quarters have brought strong financial numbers even though the stock price has been slightly down.
From its last earnings report, the company surpassed expectations in revenue growth during the quarter, increasing by $67.1 million thanks to robust demand across all regions. Organic growth was 17%, while acquisitions added $40.5 million.
It also reported a record annual backlog of $309.1 million and record quarterly orders of $269.8 million. Looking toward a target price closer to $70, Columbus McKinnon expects to see more growth in the coming months.
Best Dividend Stocks Under $50
Bank of America (NYSE: BAC)
Bank of America is one of the “Big Four” banks in the U.S., so you might be surprised to find that it’s currently trading at less than $50 per share. The company offers banking and financial services for individuals all the way up to large corporations.
Furthermore, it has grown to have a significant presence around the world. Over the past few years, Bank of America has collaborated to consolidate and streamline its operations.
The company also expanded its digital banking solutions during COVID-19 to provide better service for customers. Bank of America’s shares has seen some ups and downs of late, resting in a similar range to last year’s numbers.
Recent financials were lower than expected, resulting in this downward shift. Bank stocks are cyclical so that they can fluctuate with the broader economy. Observant investors can use this to their advantage with Bank of America and other financial stocks.
Investors anticipate that the robust NII observed at Wells Fargo in Q2 will also appear in Bank of America’s next earnings release on Monday. This is because Bank of America has a sizable commercial banking business and greatly benefits from higher rates.
The same is likely true, and it’s a great time to buy Bank of America stock.
Bank stocks like this could be rock-solid for investors with lower risk tolerance. You’ll also be able to take part in the 2.17% dividend yield the company pays out.
Top Technology Stocks Under $50
Blink Charging Co. (NASDAQ: BLNK)
Blink Charging is responsible for electric vehicle charging stations all throughout the United States and a few locations in Chile. The company designs, manufactures, owns, and operates each of these stations.
Governments worldwide are looking to ban internal combustion engines, which will have a significant economic impact. It is one of the fastest-growing enterprises of its kind, with over 200,000 customers at present.
In addition to commercial offerings, Blink Charging also produces and sells chargers for residential use. As more and more vehicle manufacturers turn to electric vehicles, Blink will continue to be at the forefront.
Given how quickly sales for electric vehicles are increasing, you’d anticipate the corporation to be busy building and selling more and more chargers. Indeed, it is what Blink Charging is carrying out.
Blink Charging contracted or sold 3,174 charging stations in the first quarter, nearly twice as many as in the same period last year.
In most cases, Blink Charging signs long-term agreements with local businesses and governments that hold residential and commercial buildings. It then installs and manages charging stations for them while keeping a sizable percentage of the charging income.
Additionally, there is a Blink-as-a-Service option, whereby property partners install stations and pay Blink Charging a regular charge to maintain them.
Investor interest in Blink Charging’s shares is not anticipated to decline despite the company’s significant losses and cash outflow.
The EV market is still in its infancy. The majority of players—from EV producers to component suppliers to charging businesses—are losing money as they work to build a customer base and increase sales.
Accordingly, Blink Charging’s revenue is soaring and reached historic highs in the most recent quarter. The business is always searching for acquisitions to broaden its reach internationally.
For instance, Blink Charging’s entry into the UK was marked by the acquisition of EB Charging in April.
A parking lot owner and the company agreed to an agreement worth more than $3.7 million in May to spread 600 charging stations around the United Kingdom and Ireland.
Investors may be noting these factors and using the recent drop in Blink Charging stock, which brought it to 52-week lows, as a chance to purchase the growth company this month.
Unlike value stocks, companies like Blink Charging offer an opportunity to multiply your wealth tremendously in a very short time.
Best Biotech Companies Under $50
Prothena Corporation PLC (NASDAQ: PRTA)
Prothena is a clinical stage biopharmaceutical company with an emphasis on protein research and treatments for diseases. Through investigation, Prothena works to identify potentially fatal conditions that target proteins and develop treatments for them.
The company has one drug in phase III clinical trials and a few others firmly into phase I or II. These medications will treat AL Amyloidosis, Parkinson’s Disease, Alzheimer’s Disease, and more.
Excitement for Prothena has trailed off since the fall when share prices were kissing the $80 mark. Prothena is heavily investing any money it brings in back into its business, a good indicator of forwarding momentum.
It is simple to ignore Prothena, given that its stock has dropped 30% over the previous three months. However, a deeper examination of its strong financial position can persuade you otherwise.
The firm is still worth looking at, given that fundamentals typically determine long-term market results. Plus, such a promising pipeline makes Prothena a great stock to watch as it draws ever closer to FDA approval.
It is certainly one of the best undervalued stocks in the below 50 range out there.
Should I Buy Stocks Under $50?
If you can afford it, stocks under $50 are higher priced stocks that offer a bit more stability than other stocks listed at lower price points. Companies that reach share prices above $20 per share must have had enough forward momentum to take them there.
Picking the right ticker company can lead to excellent long-term gains as share prices continue to grow. Of course, it’s essential to research which stocks are still growing and which are falling by the wayside.
When looking at stocks under $50, you’ll want to look at their most recent financial data as well as their current stock performance. If their revenue and earnings per share numbers have been beating analyst expectations, that could indicate that the stock price will follow.
Stocks under $50: Features to Look for
Keep these features in mind when investigating stocks under $50:
Steady Revenue Growth
Keep tabs on a company’s revenue and the direction it’s trending. The top stocks under $50 should have an upward growth trend and a clear indication of continued upward momentum. Keep in mind though that past success does not immediately indicate future potential.
Solid Foundation
Every organization needs a solid foundation to build upon. This includes a strong leadership team and a balance sheet to go along with it. Any problematic areas now could lead to disaster down the road.
Trending Products or Sectors
Be on the lookout for stocks with innovative products or those involved in up-and-coming sectors. These trends can help carry shares to new heights. On the flip side, it’s easy for an out of the loop company to fall even if it currently holds a strong valuation.
Market Capitalization
Market capitalization represents a stock’s current share price multiplied by the total number of outstanding shares. It’s often used to measure a company’s size and how it fares against the rest of the market. Lower value stocks with significant market capitalization are usually in good standing with favorable long-term prospects.
Competitive Advantage
The best stocks under $50 have some sort of competitive advantage that set them apart from the others. Anything that stands out could be a catalyst to propel the company forward.
Where to Buy Stocks Under $50
With the decision to buy stocks under $50 made, where should you go to buy them? Both Robinhood and Webull offer excellent platforms for searching and shopping for stocks.
Robinhood is designed to be accessible for even new traders. Its tools are simple to use, and search results are crystal clear. Webull, on the other hand, offers more comprehensive tools that experienced traders will enjoy.
These tools allow for more complex searches with specific criteria to locate even the hardest-to-find breakouts.
Best Stocks Under $50: Final Thoughts
Stocks between $20 and $50 are an excellent option for most 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, as many could soon break out of the $50 range. This means you’ll want to add them to your portfolio while prices remain low.
Looking for something a bit more affordable than the best stocks under $50?
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.
Stocks Under $50 FAQ
Look no further for answers to the most popular questions about stocks under $50.
What Are the Best Stocks Under $30?
Northern Oil & Gas is a strong candidate for best stock under $30 for its growth and revenue generation. Allscripts similarly looks good for future gains. If you’re looking for the best mid to large-cap stocks, we recommend checking out The Power Gauge Report.
What Are the Best Stocks Under $10 Right Now?
Check out our 9 best stocks under $10 article for ideas on where to invest in cheap stocks at the under 10 price point. Hudbay Materials and Crescent Point Energy are just some of the tickers that are primed for future growth in the coming months.
What Are the Best Stocks Under $20?
Our best stocks under $20 article covers tickers that are doing well under the $20 mark.
European telecommunications companies Vodafone and Orange are two stocks mentioned making a resurgence of late. Among other strong contenders are BBQ Holdings and Everi Holdings.
Can You Get Rich off the Stock Market?
You can certainly get rich off the stock market, and many have.
Remember that past performance is no guarantee of future results, however, and investing has inherent risks. Don’t expect to get rich overnight, and research and planning are paramount to finding success.
What Time of Day Should You Buy Stocks?
Most feel the best time to trade is between 9:30 and 10:30 a.m. EST. This timeframe sees the most dynamic trades and has a lot of potential for profit. More reserved traders may want to wait until closer to 11:30 a.m. when tickers tend to stabilize.
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