What are the best NASDAQ stocks under $20?

Then, the number of investors that had bought their shares during 2023's March quarter courtesy of Insider Monkey's database of 943 hedge funds was determined, and the top 12 out of these are listed as the best NASDAQ stocks under $20. Lyft, Inc. (NASDAQ:LYFT) is a ridesharing company that allows people to book rides on demand.

Should you buy a stock under $20?

Indeed, the price-to-earnings (P/E) ratio tells you far more about a stock’s value than the share price itself. Either way, stocks under $20 are a great starting ground for smaller investors interested in companies with high growth ceilings, market expansion opportunities, or turnaround potential.

Should you buy cheap stocks under $20 in 2024?

These affordable stocks under $20 entered 2024 with strong momentum and could be opportunities to buy on the dip. 9 Best Cheap Stocks Under $20 Companies in this price bracket range from energy providers to corporate retail giants. Cheap stocks are attractive to many investors who have modest means.