Stocks Under 1 Dollar That Will Go Up
Introduction
Investing in the stock market can be a daunting task, especially if you are new to it. Many people believe that you need a lot of money to invest in stocks, but that is not always the case. There are many stocks that trade under $1, which means that you don't need a lot of money to get started. In this article, we will discuss some of the stocks under $1 that have the potential to go up.
What are Stocks?
Stocks are shares in a company that represent a portion of ownership. When you buy a stock, you become a shareholder in that company. You can make money from stocks in two ways: capital gains and dividends. Capital gains are the profit you make when you sell a stock for more than you paid for it. Dividends are payments that companies make to their shareholders.
Why Invest in Stocks Under $1?
Investing in stocks under $1 can be a great way to get started in the stock market. These stocks are often overlooked by investors, which means that they can be undervalued. If you can find a stock that is undervalued and has the potential to go up, you can make a lot of money.
Stocks Under $1 That Will Go Up
Here are some of the stocks under $1 that have the potential to go up:
1. Genius Brands International Inc. (GNUS)
Genius Brands International Inc. is a children's media company that creates and licenses animated content. The company's stock has been on a rollercoaster ride over the past year, but it has the potential to go up. The company recently announced a partnership with Stan Lee's POW! Entertainment to create a new animated series, which could be a catalyst for the stock.
2. Avinger Inc. (AVGR)
Avinger Inc. is a medical device company that develops and sells catheter-based systems for the treatment of peripheral artery disease. The company's stock has been on a downward trend for the past year, but it has the potential to go up. The company recently announced that it has received clearance from the FDA for its Pantheris SV device, which could be a catalyst for the stock.
3. Sundial Growers Inc. (SNDL)
Sundial Growers Inc. is a cannabis company that produces and sells cannabis products in Canada. The company's stock has been on a downward trend for the past year, but it has the potential to go up. The company recently announced that it has entered into a strategic partnership with Pathway Rx to develop and distribute cannabis products in Australia, which could be a catalyst for the stock.
4. Naked Brand Group Inc. (NAKD)
Naked Brand Group Inc. is a lingerie and intimate apparel company that designs and sells products under the Frederick's of Hollywood brand. The company's stock has been on a downward trend for the past year, but it has the potential to go up. The company recently announced that it has entered into a strategic partnership with a Chinese company to expand its business in China, which could be a catalyst for the stock.
Conclusion
Investing in stocks under $1 can be a great way to get started in the stock market. It is important to do your research and find stocks that have the potential to go up. The stocks mentioned in this article are just a few examples of stocks that have the potential to go up. Remember to always invest with caution and never invest more than you can afford to lose.