The price of a stock and the value of that stock are frequently different. And many investors have learned the hard lesson that there's no direct correlation. For example, Nvidia Corporation (NASDAQ: NVDA) seemed expensive at the beginning of 2024. But after a blowout earnings report, NVDA stock continues to move higher.
However, many of the other "Magnificent 7" stocks haven't performed nearly as well in 2024. Investors who chased those stocks higher may be trying to unwind some losses.
On the other hand, you can look at a stock like Palantir Technologies Inc. (NYSE: PLTR). It was trading below $10 per share in March 2023. At the time of this writing, it's over $24 a share, and despite a P/E ratio of over 70x, it may be undervalued.
That's why it's a good time to look at stocks trading under $20. These stocks can frequently be overlooked as speculative plays. You may hear the phrase, "It must be cheap for a reason."
But we'll say it again: the price and the value of a stock are different. In this video, we highlight seven stocks under $20 that are worth a closer look.
Stocks Mentioned in This Episode
Compare These Stocks Add These Stocks to My Watchlist Chris Markoch, Guest
MarketBeat Contributor, MarketBeat
Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.
Laycee Kluin, Host
Digital Marketing Strategist, MarketBeat
As MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.
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