3 Strong Buy Stocks Under $5: January 2024
DLNGDynagas LNG Partners LP(DLNG) InvestorPlace·2024-02-01 01:58

Penny stocks are generally defined as stocks that trade for less than 5pershare.Lowpricedstocksappealtoinvestorswhocanwaitforthesestockpricestoappreciate.Isaypatiencebecausethatgrowthcouldtakeyears.Andmanypennystocksarelowpricedforareason.Thatis,theygenerallyarentprofitable.Manymayevenbeintheprerevenuestage.Thatswhyitssignificanttoidentifystrongbuystocksunder5 per share. Low-priced stocks appeal to investors who can wait for these stock prices to appreciate. I say patience because that growth could take years. And many penny stocks are low-priced for a reason. That is, they generally aren’t profitable. Many may even be in the pre-revenue stage. That’s why it’s significant to identify strong buy stocks under 5. For large-cap blue chip stocks, one Strong Buy rating won’t move the stock a lot. ...