I’m looking for the best $5 stock to buy in March. Commonly called “penny stocks,” people generally invest in companies with share prices of $5 or less because they’re looking for a pot of gold at the end of the rainbow. In today’s investing environment, where fractional shares are no big deal, I often wonder why people still buy low-priced stocks. Nonetheless, they do, so I’m on the job. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Using the S&P Composite 1500 as my source, I
There are ample opportunities among undiscovered penny stocks because there are two ways that shares can move higher. First, via price discovery. Undiscovered names, especially in the OTC market, can be undervalued and then re-rated as investors bid them up. Second, these small companies often see major improvements in performance. This, too, can be a major driver for outsized gains. Elite Pharmaceuticals was one of my undiscovered penny stocks sit. In 2022, it was around 3 cents per share, 6 ti