When looking for new stocks to invest in, it’s hard to find a good balance of affordability and growth potential. This article talks about some of the best stocks under $50 above the $20 mark.
Stocks within the $20 to $50 range typically have more stability and long-term potential than a penny stock and are more affordable than some of the biggest names on the stock market.
Looking for something a bit more affordable than the best stocks under $50?
No matter what you’re looking for, there are investment options on the market for every price point.
Best Stocks Under $50 to Buy
Northern Oil & Gas, Inc. (NYSEAMERICAN: NOG)
Northern Oil & Gas specializes in mineral interests and oil and gas properties in the United States.
The company has a presence in four states, with over 7,000 active wells between them.
10% of these wells are non-operated, making Northern Oil & Gas the largest operator-free extractor.
Over the last three quarters, NOG has been able to surpass its revenue estimates through its constant supply of materials.
Albeit through ups and downs along the way, share prices have climbed 115% over the last year and look to keep going.
NOG has also recently introduced a plan for paying out a 2.09% dividend yield to its shareholders.
Advertized as a company for investors, rising share prices 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.
At present, over 24,000 practices around the country make use of these services.
Q4 of 2021 marked the first time in the last year that Allscripts exceeded revenue goals, but the company constantly beats earnings per share.
This forward momentum has translated to a 37% share price increase over the last year.
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 an 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.
If Simply Good Foods can keep up its positive performance in future quarters, the stock price could see more growth as well.
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Top Stocks Under 50 Dollars
HP Inc. (NYSE: HPQ)
HP is known for desktops, laptops, printers, accessories, and more in the realm of 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 in the creation of custom foot orthotics.
To further expand its presence, HP recently acquired Choose Packaging which produces zero-plastic paper bottles.
The company’s environmental focus also plants trees anytime an HP+ user prints a page.
HP’s financials keep moving in the right direction, beating revenue and earnings per share goals for yet another quarter.
Share prices are up 12% from last year, and HP has a lot of forward momentum already in place.
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 share prices have been slightly down.
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 made a concerted effort 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 have 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 they can fluctuate with the broader economy.
Observant investors can use this to their advantage with Bank of America and other financial stocks.
Bank stocks like this could be rock-solid for investors with a 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 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.
Blink Charging has had a bit of a rocky year on the stock market and has seen a drop in share price.
Investing at the beginning of the electric vehicle revolution could be a great way to bring in immense gains before things pick up.
Biotech Stocks Under $50
Prothena Corporation PLC (NASDAQ: PRTA)
Prothena is a biotech firm 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 phases 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 forward momentum.
Such a promising pipeline makes Prothena a great stock to watch as it draws ever closer to FDA approval.
Should I Buy Stocks Under $50?
If you can afford it, stocks under $50 are going to offer a bit more stability than 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 tickers 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 be an indication that the stock price will follow.
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 in the range of $20 and $50 are an excellent 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, as many could soon break out of the $50 range.
This means you’ll want to add them to your portfolio while prices are still low.
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 best stocks under $10 article for ideas on where to invest at this price point.
Hudbay Materials is just one ticker that’s primed for 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 making a resurgence of late.
Can You Get Rich off the Stock Market?
You can certainly get rich off the stock market, and many have.
Don’t expect to do so overnight, and research and planning are paramount to finding success.
What Time of Day Should You Buy Stocks?
Most feel that 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.