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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.

What are the best stocks under $20?

Some of the notable stocks on our list of 10 best stocks under $20 include Energy Transfer LP (NYSE: ET ), Flex Ltd. (NASDAQ: FLEX ), and Magnachip Semiconductor Corporation (NYSE: MX ). Update: BBQ Holdings was acquired by MTY Food Group in August for $17.25 per share, or about $200 million in total.

Should you buy stocks under $20?

Stocks under $20 can be subject to volatility, and they don’t always garner recommendations from Wall Street analysts. Of course, these companies may also have a market cap below $2 billion, which could make them more vulnerable to market conditions. While other stocks under $20 could be worth considering, they weren’t the right fit for this list.

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