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Best Stocks Under $0.50 for 2020

The stock market has had an incredible bull-run since the Great Recession of 2008 and 2009. Stocks continue to hit new all-time highs and the price-to-earnings ratios of most S&P 500 companies look very expensive. Many investors are having trouble finding low-priced stocks that haven't already appreciated greatly during the last decade. It's hard to find a good deal on Wall Street right now when even small S&P 500 companies are trading at market caps above $1 billion.

Stocks have gotten expensive both in-terms of share price and their valuation relative to earnings. In more normal markets, a typical S&P 500 company has traded at about fifteen times their earnings. Most stocks are currently trading closer to 25 times their annual earnings. While the stock market has become more expensive as a whole, there are still a handful of undervalued stocks that are trading at less than $0.50 per share.

Value investing opportunities do exist if you're looking in the right places. Putting together a list of the best stocks under $0.50 requires investors to look at smaller and riskier companies and in sectors that are either undiscovered or unloved by the market as a whole. Some of these cheap stocks may not look especially attractive today, but long-term investors will profit if they are willing to exercise patience and hold on to shares of these comapnies through multiple economic cycles.

Some of these companies are solid investing ideas because they are too little and considered too risky to attract the interest of most managed mutual funds and Wall Street money managers. Others operate in unloved and untested areas of the market. You may find even find crypto stocks, marijuana stocks and bitcoin stocks on this list. Others have been beat up by Mr. Market after a long period of slowing profits, but are now actively trying to turn around their business and bounce back. These low-priced stocks operate in a lot of different industries, but these picks all carry two common characteristics. They all have a super-low share price of $0.50 or less and consisently-receive "buy" and "strong buy" ratings from Wall Street's top-rated research analysts.

Miragen Therapeutics logo

#1 - Miragen Therapeutics

NASDAQ:MGEN
Stock Price: $0.49
PE Ratio: -0.51
Market Cap: $27.74 million
Consensus Rating: Buy (3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $5.00 (920.4% Upside)
Miragen Therapeutics, Inc., a clinical-stage biopharmaceutical company, engages in discovering and developing proprietary RNA-targeted therapies with a specific focus on microRNAs and their role in diseases where there is a high unmet medical need. Its three lead product candidates include cobomarsen, an inhibitor of miR-155 for treating various blood cancers, such as cutaneous T-cell lymphoma, adult T-cell lymphoma/leukemia, diffuse large B-cell lymphoma, and chronic lymphocytic leukemia; Remlarsen, a replacement for miR-29, a microRNA that is found at abnormally low levels in various pathological fibrotic conditions, including cutaneous, ocular, and idiopathic pulmonary fibrosis; and MRG-110, an inhibitor of miR-92, a microRNA expressed in endothelial cells for the treatment of heart failure, as well as surgical incisions in high risk populations, severe lacerations, and severe burns in the United States and Japan. The company has a license and collaboration agreement with Les Laboratoires Servier and Institut de Recherches Servier for the development of MRG-110. Miragen Therapeutics, Inc. was founded in 2006 and is based in Boulder, Colorado.
Acasti Pharma logo

#2 - Acasti Pharma

NASDAQ:ACST
Stock Price: $0.21 (+$0.01)
PE Ratio: -0.65
Market Cap: $20.05 million
Consensus Rating: Hold (2 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $2.81 (1,257.5% Upside)
Acasti Pharma Inc., a biopharmaceutical company, focuses on the research, development, and commercialization of prescription drugs for the treatment of cardiovascular diseases. Its lead product candidate is CaPre, an omega-3 phospholipid therapeutic that is in Phase III clinical trial to treat patients with hypertriglyceridemia; and TRILOGY that is in Phase III to evaluate the safety and efficacy of CaPre in patients with sHTG. The company was incorporated in 2002 and is headquartered in Laval, Canada.
Senseonics logo

#3 - Senseonics

NYSEAMERICAN:SENS
Stock Price: $0.38 (+$0.01)
Market Cap: $92.31 million
Consensus Rating: Hold (3 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $0.73 (91.8% Upside)
Senseonics Holdings, Inc., a medical technology company, develops and commercializes continuous glucose monitoring (CGM) systems for people with diabetes primarily in Europe. Its products include Eversense and Eversense XL, which are implantable CGM systems to measure glucose levels in people with diabetes for a period of up to 90 and 180 days. Senseonics Holdings, Inc. was founded in 1996 and is headquartered in Germantown, Maryland.
Enquest logo

#4 - Enquest

OTCMKTS:ENQUF
Stock Price: $0.11 (-$0.04)
PE Ratio: 0.86
Market Cap: $189.93 million
P/E Ratio: 0.9
Consensus Rating: Hold (2 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: N/A
EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. The company operates in two segments, North Sea and Malaysia. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, Alma/Galia, and Kraken. The company also has interests in the non-operated Alba producing oil field, as well as the PM8/Seligi and PM409 production sharing contracts in Malaysia. In addition, it holds interests in 15 operated production licenses and 8 production hubs. As of December 31, 2019, the company had proved and probable reserves of 173 million barrels of oil equivalents. Further, it is involved in the construction, ownership, and operation of an oil pipeline; marketing and trading of crude oil; and leasing activities. EnQuest PLC was founded in 2010 and is based in London, the United Kingdom.
Surge Energy logo

#5 - Surge Energy

OTCMKTS:ZPTAF
Stock Price: $0.13
Consensus Rating: Hold (2 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $0.40 (218.5% Upside)
Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 83% in approximately 116,272 net developed acres and approximately 94% in approximately 211,502 net undeveloped acres in Greater Sawn area; approximately 67% in approximately 20,118 net developed acres and approximately 79% in approximately 11,024 net undeveloped acres in Valhalla area; approximately 78% in approximately 71,649 net developed acres and 95% in approximately 68,508 net undeveloped acres in Sparky area; and approximately 64% in approximately 99,435 net developed acres and approximately 47% in approximately 14,632 net undeveloped acres in Edmonton and other minor areas. As of December 31, 2019, it held interests in 357 net oil wells and 12 net gas wells in Greater Sawn area; 75 net oil and 5 net gas wells in Valhalla area; 481 net oil and 25 net gas wells in Sparky area; 193 net oil wells, as well as an average working interest of approximately 100% in approximately 23,409 net developed acres and 13,698 net undeveloped acres in the Shaunavon properties; and 51 net oil wells and 7 net gas wells in Edmonton and other minor areas. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc. in June 2010. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.
Premier Oil logo

#6 - Premier Oil

OTCMKTS:PMOIY
Stock Price: $0.21 (-$0.02)
PE Ratio: 1.22
Market Cap: $169.30 million
P/E Ratio: 1.2
Consensus Rating: Hold (2 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: N/A
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties primarily in the Falkland Islands, Indonesia, Pakistan, the United Kingdom, Vietnam, and internationally. As of December 31, 2017, it had proven and probable reserves (2P) of 302 million barrels of oil equivalent (mmboe); and 2P reserves and 2C resources of 902 mmboe. Premier Oil plc was founded in 1934 and is headquartered in London, the United Kingdom.
Gran Tierra Energy logo

#7 - Gran Tierra Energy

NYSEAMERICAN:GTE
Stock Price: $0.22
Market Cap: $79.89 million
Consensus Rating: Hold (2 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $1.26 (478.8% Upside)
Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2019, it had total proved undeveloped reserves of 31.0 million barrels of oil equivalent in Colombia. The company was founded in 2003 and is headquartered in Calgary, Canada.
Bombardier logo

#8 - Bombardier

OTCMKTS:BDRBF
Stock Price: $0.25
Consensus Rating: Hold (1 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $0.51 (105.3% Upside)
Bombardier, Inc. manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories. The Commercial Aircraft segment designs and manufactures a portfolio of commercial aircrafts. The Aerostructures and Engineering Services segment designs and manufactures major aircraft structural components such as engine nacelles, fuselages and wings and provides aftermarket component repair and overhaul as well as other engineering services for both internal and external clients. The Transportation segment offers product range and services to the rail industry and covers the full spectrum of rail solutions such as complete trains to subsystems, services, system integration, signaling, and e-mobility solutions. The company was founded on June 19, 1902 and is headquartered in Montreal, Canada.
Tullow Oil logo

#9 - Tullow Oil

OTCMKTS:TUWLF
Stock Price: $0.28 (+$0.02)
Consensus Rating: Hold (1 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: N/A
Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 80 licenses covering 195,751 square kilometers in 15 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
Baytex Energy logo

#10 - Baytex Energy

NYSE:BTE
Stock Price: $0.36
PE Ratio: -0.10
Market Cap: $201.63 million
Consensus Rating: Hold (2 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $0.64 (79.4% Upside)
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company offers light oil, natural gas liquids, shale and natural gas, heavy gravity crude oil, bitumen, and heavy oil. Its principal oil and natural gas properties include the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta. As of January 20, 2020, it had proved developed producing reserves of 142 million barrels of oil equivalent (mmboe); proved reserves of 314 mmboe; and proved plus probable reserves of 529 mmboe. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.
Borr Drilling logo

#11 - Borr Drilling

NASDAQ:BORR
Stock Price: $0.43 (+$0.01)
Market Cap: $47.33 million
Consensus Rating: Hold (1 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $0.65 (51.2% Upside)
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2019, it operated a fleet of 27 jack-up drilling rigs and one semi-submersible rig. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016.Borr Drilling Limited was founded in 2016 and is based in Hamilton, Bermuda.
Crew Energy logo

#12 - Crew Energy

OTCMKTS:CWEGF
Stock Price: $0.33 (-$0.01)
Consensus Rating: Hold (0 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $0.39 (16.5% Upside)
Crew Energy Inc. engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids (NGL) in Canada. The company primarily holds interests in the Septimus/West Septimus, Tower, Groundbirch, Attachie, and Portage assets comprising approximately 438 net sections with condensate, light oil, liquids-rich natural gas, and dry gas reserves located in the Montney area situated to the south and west of Fort St. John, British Columbia. It also owns interest in the Lloydminster asset covering 45,216 net acres of land area located in the Saskatchewan/Alberta border region. As of December 31, 2019, the company's Lloydminster asset had proved plus probable reserves of 7,567.5 thousand barrels of crude oil and 82 million cubic feet of natural gas. Crew Energy Inc. was founded in 2003 and is headquartered in Calgary, Canada.
Hurricane Energy logo

#13 - Hurricane Energy

OTCMKTS:HRCXF
Stock Price: $0.05 (+$0.02)
PE Ratio: 5.00
Market Cap: $99.51 million
P/E Ratio: 5.0
Consensus Rating: Hold (0 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: N/A
Hurricane Energy plc, together with its subsidiaries, discovers, appraises, and develops oil from fractured basement reservoirs. The company has a portfolio of contiguous offshore licenses on the United Kingdom Continental Shelf, West of Shetland. Its producing oil fields include Clair, Foinaven, and Schiehallion; licenses focuses on the Rona Ridge, a major NE-SW trending basement; and assets comprise Lancaster, Whirlwind, Lincoln, Halifax, and Warwick. Hurricane Energy plc has an estimated contingent resources of approximately 2 billion barrels of oil equivalent. The company was formerly known as Hurricane Exploration plc and changed its name to Hurricane Energy plc in April 2013. Hurricane Energy plc was founded in 2004 and is headquartered in Godalming, the United Kingdom.
Hammerson logo

#14 - Hammerson

OTCMKTS:HMSNF
Stock Price: $0.24
Market Cap: $36.78 million
Consensus Rating: Hold (2 Buy Ratings, 5 Hold Ratings, 4 Sell Ratings)
Consensus Price Target: N/A
At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.
Wirecard logo

#15 - Wirecard

OTCMKTS:WCAGY
Stock Price: $0.40 (+$0.03)
PE Ratio: 0.18
Market Cap: $97.92 million
P/E Ratio: 0.2
Consensus Rating: Hold (0 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: N/A
Wirecard AG, a technology company, provides outsourcing and white label solutions for electronic payments worldwide. The company operates in three segments: Payment Processing & Risk Management, Acquiring & Issuing, and Call Center & Communication Services. The Payment Processing & Risk Management segment offers products and service for the acceptance or transactions, and the processing of electronic payments and associated processes. The Acquiring & Issuing segment provides settlement services for credit card sales for online and terminal payments, as well as current accounts with prepaid cards and Girocard/Maestro debit cards; processes payment transactions in various currencies; and issues prepaid and debit cards to private and business customers. The Call Center & Communication Services segment offers value added services, aftersales services to customers, and mailing services. The company also provides payment processing solutions that include Wirecard Payment Page, a payment page; credit card processing; direct debit; online banking payment; alternative payment; international payment processing; tokenization; point of sale terminals; and Wirecard Checkout Portal, a payment portal. In addition, it offers mobile payment solutions; risk management solutions, such as fraud prevention, credit worthiness checks, and individual solutions; integration and testing solutions, including enterprise integration, transaction testing, payment hub, customer self-select PIN, and secure mailer solutions; and communication services. The company serves the consumer goods, digital goods, and travel and mobility sectors. Wirecard has strategic partnerships with Poynt, CreditPilot PLC, SunExpress, and Emonvia. Wirecard AG was founded in 1999 and is headquartered in Aschheim, Germany.
Banco de Sabadell logo

#16 - Banco de Sabadell

OTCMKTS:BNDSF
Stock Price: $0.35 (+$0.03)
Consensus Rating: Hold (0 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: N/A
Banco de Sabadell, S.A. provides banking services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts, personal loans, cards, and mortgages. It also provides financial products and services to large and medium enterprises, SMEs, shops and self-employed workers, private individuals, and professionals, as well as consumer finance, asset management and bancassurance. In addition, the company offers corporate banking services, including financing services from transactional banking services to other solutions in finance, treasury, and import/export, among others. Further, it provides insurance and pension products. As of December 31, 2019, the company operated 2,402 branches. Banco de Sabadell, S.A. was founded in 1881 and is based in Alicante, Spain.
Ensign Energy Services logo

#17 - Ensign Energy Services

OTCMKTS:ESVIF
Stock Price: $0.41 (+$0.01)
Consensus Rating: Hold (0 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $0.74 (80.5% Upside)
Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the oil and natural gas industry in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and other services. It also provides coring and oil sands drilling services to the mining, and oil and natural gas industries; directional drilling and related services for conventional and horizontal drilling applications; shallow to deep well services, such as completions, abandonments, production, workovers, and bottom hole pump changes for oil and natural gas producers; and interactive pressure drilling services with self-contained systems comprising nitrogen generation and compression equipment, and surface control systems. In addition, the company rents drill strings, loaders, tanks, pumps, rig mattings, blow-out preventers, waste bins, and wastewater treatment equipment for the drilling and completions segments of the oilfield industry. Further, it offers transportation services. As of December 31, 2019, it operated a fleet of 226 land drilling rigs, 21 specialty coring rigs, and 99 well servicing rigs. Ensign Energy Services Inc. was founded in 1987 and is headquartered in Calgary, Canada.
Trevali Mining logo

#18 - Trevali Mining

OTCMKTS:TREVF
Stock Price: $0.10 (-$0.01)
Consensus Rating: Hold (0 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $0.15 (45.6% Upside)
Trevali Mining Corporation, a base-metals mining company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for zinc, lead, silver, gold, and copper deposits. Its operational assets include the 90%-owned Perkoa Mine in Burkina Faso; 90%-owned Rosh Pinah Mine in Namibia; Caribou Mine in the Bathurst mining camp, northern New Brunswick, Canada; and Santander Mine in Peru. The company was formerly known as Trevali Resources Corp. and changed its name to Trevali Mining Corporation in April 2011. Trevali Mining Corporation was incorporated in 1964 and is headquartered in Vancouver, Canada.
Athabasca Oil logo

#19 - Athabasca Oil

OTCMKTS:ATHOF
Stock Price: $0.10
Consensus Rating: Hold (1 Buy Ratings, 1 Hold Ratings, 3 Sell Ratings)
Consensus Price Target: $0.13 (28.9% Upside)
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta. The company produces light oil, natural gas, and natural gas liquids; and bitumen from sand and carbonate rock formations. As of December 31, 2019, it held approximately 1,116,228 net acres of mineral resource leases, licenses, and permits, which include approximately 760,000 net acres of oil sands leases and permits in the Athabasca region of northeastern Alberta and approximately 259,200 net acres of petroleum and natural gas leases in northwestern Alberta. The company was formerly known as Athabasca Oil Sands Corp. and changed its name to Athabasca Oil Corporation in May 2012. Athabasca Oil Corporation was founded in 2006 and is headquartered in Calgary, Canada.
Pgs Asa logo

#20 - Pgs Asa

OTCMKTS:PGSVY
Stock Price: $0.30 (+$0.01)
PE Ratio: -0.61
Market Cap: $115.20 million
Consensus Rating: Hold (0 Buy Ratings, 3 Hold Ratings, 3 Sell Ratings)
Consensus Price Target: N/A
PGS ASA operates as a marine geophysical company. The company offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation to oil and gas companies. It operates in Africa, Brazil, Canada, Guyana, the United Kingdom, Norway, Angola, the Asia Pacific, Europe, the Americas, the Middle East, and internationally. The company was formerly known as Petroleum Geo-Services ASA and changed its name to PGS ASA in May 2019. PGS ASA was founded in 1991 and is headquartered in Oslo, Norway.

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