Ten stocks under US$50 to explore

Summary

  • The Simply Good Foods Company reported a net income of US$19.9 million in Q2 of 2021.
  • Corning Incorporated reported core sales of US$3.3 billion, or US$0.67 per share in Q1 of 2021.
  • Arrival Ltd. had US$625 million in cash and cash equivalents in Q1, 2021.

You do not require a fortune to invest in the stock market. Beginners can look for stocks that are under US$50 to kickstart their trading journey. In addition, there are plenty of stock options available from companies with solid foundations that are cheaper, unlike Amazon or Apple.

Here are ten stocks under US$50 to explore in the market.


Ping Identity (NYSE: PING)

The stock was trading at US$22.61 in the pre-market session on June 16, down 7.94% from the previous closing. The stock rose 19% YTD.

Ping’s market cap is around US$1.8 billion. Ping offers cyber-security solutions through its cloud, mobile, and on-site applications to companies.

The company recorded annual recurring revenue of US$266.3 million in Q1, which ended on March 31, 2021, up 16% YoY. Its revenue surged by 12% to US$68.9 million YoY. Its operating cash flow increased by 79% YoY to US$24.1 million.


Also read: How can I invest in US stocks?


The Simply Good Foods Company (NASDAQ: SMPL)

The stock of SMPL traded at US$35.46 in the pre-market session on June 16, down 7.94% over the previous closing. Its stock price increased by 19.35% YTD. Its market capitalization is US$3.3 billion.

SMPL is a food company focused on nutritious bars, sweet and salty snacks, and ready-to-drink shakes marketed under Atkins, Quest, and Atkins Endulge brands. It is also in the process of investing in other food categories. 



Source: Pixabay.


It reported a net income of US$19.9 million in Q2, 2021, which ended on February 7. Its net sales increased by 1.5% due to e-commerce demand during the pandemic. Earnings per diluted share were US$0.19 as compared to US$0.11 YoY. The company expects net sales will be US$93-940 million in the fiscal year of 2021.


Also read: What Are Large-Cap Stocks?


Sirius XM Holdings Inc. (NASDAQ: SIRI)

The stock of SIRI traded at US$6.65 in the pre-market session on June 16, up 0.45% over the previous closing. Its stock price increased by around 7.7% YTD. Its market capitalization is US$27.1 billion. SIRI is an American broadcasting company that provides online and satellite radio services.

It recorded revenue of US$2.06 billion in Q1, 2021, ended on March 31, up by 5% YoY. Net income was US$219 million or US$0.05 per diluted share. Adjusted EBITDA was US$682 million, up by 7% YoY. 


Also read: Which Are The Top Companies Stocks On S&P 500 Index?

Source: Pixabay.


Corning Incorporated (NYSE: GLW)

The stock was trading at US$41.04 in pre-market on June 16. Its stock price increased by 17.46% YTD. Its market capitalization is US$34.9 billion.

Corning is the leading innovator in material science with glass and ceramic science expertise and optical physics. Corning specializes in optical communication, mobile consumer electronics, automotive, display, and life science.

It reported core sales of US$3.3 billion in Q1, 2021, or US$0.67 per share, ended on March 31, up by 34% YoY. Its environment technology section grew by 38% and life sciences by 16%. Specialty material sales grew by 28%, and display technologies by 15%.

Also read: Which are the top stocks owned by Warren Buffett?

Slack Technologies, Inc. (NYSE: WORK)

The stock traded at US$44.63 in pre-market on June 16. Its stock price rose by 6.28% YTD. Its market capitalization is US$26.1 billion.

Slack is a messaging platform to unify systems and drive businesses. It offers a secure, enterprise-grade environment that can scale with large companies.

It recorded revenue of US$273.4 million, up by 36% YoY in Q1, 2021, ended on April 30. Calculated billing was US$278.5 million, up by 35% YoY. GAAP gross profit was US$234.1 million. GAAP operating loss was US$55.3 million.

Also read: Which Are 10 Largest Stocks On Dow Jones Index?


Resolute Forest Products (NYSE: RFP)

The stock traded at US$13.38 in the pre-market session on June 16. Its stock price decreased by 106.8% YTD. Its market capitalization is US$1.05 billion.

The company recorded a net income of US$87 million or US$1.07 per diluted share in Q1, 2021, which ended on March 31. Adjusted EBITDA was US$221 million. Net debt was US$449 million, and liquidity was US$653 million. It aims to cut CO2 pollution by 30% by 2030.

RFP is a forest product company that provides pulp, papers, wood products, and tissue papers to over 50 countries. It operates 40 facilities and power generation assets in the US and Canada.

Also read: What Is The Difference Between NYSE and NASDAQ?


Blink Charging Co. (NASDAQ: BLNK)

The stock was trading at US$39.30 at 9.04 am ET in the pre-market session on June 16, down 1.23% over the previous closing price. Its stock price increased by 4.73% YTD. Its market capitalization is US$1.6 billion. BLNK makes EV charging equipment and deployed over 23,000 charging stations.

It reported total revenue of US$2.2 million in Q1, 2021, ended March 31. Revenue from product sales was US$1.7 million, up from US$0.8 million YoY, primarily due to demand from commercial and residential customers.

Revenue from charging services was US$0.20 million against US$0.3 million in the prior quarter.


Also read: Why Was NYSE Created?


Sanmina Corporation (NASDAQ: SANM)

The stock traded at US$40.41 in the pre-market session on June 16. Its stock price increased by 27.51% YTD. Its market capitalization is US$2.6 billion.

The company manufacturers electronics products. It is based in California. The firm has 80 manufacturing sites.

The company recorded revenue of US$1.7 billion or US$0.70 per diluted share (GAAP) in Q2, 2021, which ended ob April 3. It had US$81 million from cash flow from operations and a free cash flow of US$67 million.


Also read: Why Do Companies Choose NASDAQ Over NYSE?


Arrival Ltd. (NASDAQ: ARVL)

The stock traded at US$21.36 at 9.34 am on June 16, up 8.34% over the previous closing price. Its stock price decreased by 19.31% YTD. Its market capitalization is US$12 billion.

Arrival designs and assembles electric vehicles.

The company has US$625 million cash and cash equivalents in Q1, 2021, which ended on March 31. Adjusted EBITDA saw a decline of US$32.7 million.


Also read: Is Apple listed on NYSE or NASDAQ?


UP Fintech Holding Ltd. (NASDAQ: TIGR)

The stock traded at US$24.36 at 9.45 am on June 16, up 1.82% over the previous closing price. Its stock price increased by 182.77% YTD. Its market capitalization is US$12 billion.

The company recorded revenue of US$81.3 million in Q1, 2021, ended March 31, up by 255% YoY. Total net revenue was US$75.7 million, up 245.7% YoY. Net income was US$21.1 million.

Also read: What Are The Top 10 NASDAQ Stocks?

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