Quote:
Originally Posted by Nixhex
Opinion on the cheapest per share stock to buy at the moment?
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my 2 cents on cheapest 'per share' is that it doesnt really say anything about value or not.
What you have to do is multiply the 'per share' cost by the total # of shares (the float) to get the market cap (market value) of the company.
Then you have to take a hard look as to whether that market cap is a 'good deal' , or 'about right' , or 'over priced'
I think what you are looking for (if I am understanding you correctly) is a stock with a low 'per share' price that also is a good VALUE and has the potential to go up in price... as opposed to just random penny stocks that will probably go down or maybe aren't a great value.
Is that right?
I personally think Ford (F) is a fairly safe stock. Picking it up at the 9$ - 12$ per share range is always a good idea. Its on the high end of that range right now but at times pays about 5% dividends on top of possible gains. Put it on a watch and start picking it up if it drops towards 11 or 10. (imo)
SoFi (SOFI) is a good one in the 7$ range. They are new , a banking company, and could be explosive growth in a few years. Buying some sofi in little chunks here and there if it stays around 7-10 could be a good long term plan. Its risky but could grow a lot.
Vacasa (VCSA) is a kind of vacation rental company similar to air-bnb (but different). They are extremely risky and extremely volatile, but in the 7's i think its a good deal.
Newegg (NEGG) the computer online store that you order hard drives and pre builts from is trading at a dollar a share. Theyre in trouble but you could try and buy some for a dollar and hope it goes up to a buck fiddy and sell.. LOL
just a few random thoughts this AM