Everybody loves low prices. It doesn’t matter if you’re talking about groceries, clothes or cars — affordable is affordable.
Even though the nominal price tag isn’t really important when it comes to stocks, investors nonetheless are attracted to low-priced shares. And although many stocks that can be found on the cheap often are either circling the drain or are questionable penny stocks that will never get legs, there’s a number of affordable companies with completely legitimate businesses that have the potential to reach higher ground.
And when those stocks happen to be undervalued — that’s all the better.
Today, we’re looking at five stocks that are affordably priced at $5 per share or less. Any sub-$5 stock naturally has some inherent risks, so these names can’t be treated like the most predictable of huge (and high-priced) blue-chip stocks. However, all five names are undervalued, and potentially poised for outsized gains: