Top cheapest stocks & best stocks to buy today in US Jan 2023 edition. We have added Every detail with their sector, (PS: this data can be changed depending on the the nature of stocks.)
| Company Name and Symbol | Stock YTD % Change | Sector | Price |
|---|---|---|---|
| Ares Capital (ARCC) | -22.54% | Asset Management | $11.21 |
| Alliance Resource Partners (ARLP) | +79.11% | Thermal Coal | $22.64 |
| Alto Ingredients Inc. (ALTO) | -15.38% | Specialty Chemicals | $4.07 |
| American Vanguard Corp. (AVD) | +40.70% | Agricultural Inputs | $23.06 |
| Arhaus Inc. (ARHS) | -43.32% | Consumer Cyclical — Home Improvement Retail | $7.51 |
| BlackRock TCP Capital Corp. (TCPC) | -15.69% | Asset Management | $11.39 |
| Brigham Minerals Inc. (MNRL) | +49.72% | Oil and Gas Exploration and Production | $30.01 |
| Capital Bancorp Inc. (CBNK) | -6.45% | Banks — Regional | $24.51 |
| Catalyst Pharmaceuticals Inc. (CPRX) | +86.85% | Biotechnology | $12.65 |
| The Duckhorn Portfolio Inc. (NAPA) | -38.82% | Beverages — Wineries and Distilleries | $14.28 |
| Energy Transfer (ET) | +44.35% | Oil and Gas Midstream | $11.88 |
| The Hackett Group, Inc. (HCKT) | -0.78% | Information Technology Services | $20.37 |
| Karat Packaging Inc. (KRT) | -28.50% | Packaging and Containers | $14.45 |
| Maravai LifeSciences Holdings Inc. (MRVI) | -59.28% | Biotechnology | $17.06 |
| Mattel Inc. (MAT) | -10.16% | Leisure | $19.37 |
| Modine Manufacturing Co. (MOD) | +46.28% | Auto Parts | $14.76 |
| Natural Grocers by Vitamin Cottage Inc. (NGVC) | -22.60% | Grocery Stores | $11.03 |
| NexPoint Real Estate Finance Inc. (NREF) | -19.01% | REIT — Diversified | $15.59 |
| Oxford Lane Capital Corp. (OXLC) | -36.45% | Closed-End Fund — Debt | $4.90 |
| Radiant Logistics Inc. (RLGT) | -19.89% | Integrated Freight and Logistics | $5.84 |
| Ramaco Resources Inc. (METC) | -21.69% | Coking Coal | $10.65 |
| Riley Exploration Permian Inc. (REPX) | +39.96% | Oil & Gas E&P | $27.04 |
| Rimini Street Inc. (RMNI) | -9.88% | Software — Application | $5.38 |
| Silvercrest Asset Management Group Inc. (SAMG) | -1.81% | Asset Management | $16.86 |
| Sinclair Broadcast Group Inc. (SBGI) | -27.77% | Communication Services — Broadcasting | $19.09 |
| SSR Mining Inc. (SSRM) | -24.97% | Gold |
Let’s See what factors matters when it comes to investing in best stocks
There are a few different factors that can affect the amount of money you might make or lose.
Understanding these factors can help you make better decisions about which stocks to buy, and can help you manage the risk of your investments.
what is p/e ratio and what does it tell you?
The first factor is called the P/E ratio. This is a way of comparing a company’s stock price to how much money it is making.
How to Calculate P/E Ratio
To calculate the P/E ratio, you take the stock price and divide it by the company’s net earnings. In general, stocks with a high P/E ratio are considered more expensive, and those with a low P/E ratio are considered cheaper.
What Is Price To Book Ratio? What Does It Tells To About A Stock?
Another important factor to consider is the price-to-book value of a stock. The book value of a company is essentially its net worth, or the amount of money it would have left if it had to sell all of its assets and pay off all of its debts. Stocks that are trading below their book value might be good cheap stocks to consider, because they are potentially undervalued by the market.
company’s cash flow
Finally, it’s important to look at a company’s cash flow when deciding which stocks to buy during recession, what stocks to buy for long term or even stocks that are high risk high reward. Cash flow is the amount of money coming in and going out of a company. There are different ways to measure cash flow, such as net cash flows, cash from operations, and free cash flow.
A company with a low price relative to its cash flow is generally considered less expensive than one with a higher price relative to its cash flow.
Overall, these are some of the key factors to consider when looking for cheap stocks to buy. By understanding how each of these factors works, you can make more informed decisions about which stocks to invest in and how to manage the risk of your investments.
Is There a Downside To Investing in Cheap Stocks?
Yes, there can be downsides to investing in cheap stocks. One of the biggest risks of investing in cheap stocks is that they may be cheap for a reason. For example, a company’s stock may be trading at a low price because the company is facing financial difficulties or because it is in a declining industry. In these cases, the stock may not go up in value, or it may even lose value over time.
Another risk of investing in cheap stocks is that they may be more volatile than more expensive stocks. This means that their price can fluctuate more dramatically over short periods of time. This can be a good thing if the stock goes up in value, but it can also be a bad thing if the stock goes down in value.
Finally, it’s important to remember that there are no guarantees when it comes to investing in the stock market. Even if a stock appears to be undervalued and has high growth prospects, there is no way to know for sure whether it will go up in value. There are always risks involved when investing in stocks, and it’s important to be aware of these risks and to manage them appropriately.
Overall, while there are potential upsides to investing in cheap stocks, it’s important to be aware of the risks and to do your research before making any investment decisions.
FAQs on Buying Cheap Stocks
What are the best stocks to buy now in Jan 2023?
The 8 best cheap stocks of January 2023 are a great opportunity for investors looking to get in on the ground floor of some promising companies.
– Asbury Automotive Group Inc. (ABG) is currently trading at 20% below its all-time high, making it an attractive buy for those looking to capitalize on the potential upside.
-United Microelectronics Corporation (UMC) is also trading at 32% below its all-time high, offering investors a chance to invest in a company with strong fundamentals and a long history of success.
-Builders FirstSource, Inc. (BLDR) is 24% below its all-time high and offers investors an opportunity to invest in a company that specializes in building materials and supplies.
-TopBuild Corp. (BLD) is 44% below its all-time high and provides investors with access to one of the largest home improvement retailers in the country.
– Saia, Inc. (SAIA) is 34% below its all-time high and offers investors exposure to one of the leading transportation companies in North America.
What Are the Benefits of Investing in Cheap Stocks?
Investing in cheap stocks can be a great way to diversify your portfolio and potentially earn higher returns.
Cheap stocks often have more upside potential than expensive stocks, as they are usually undervalued and offer investors an opportunity to buy into companies with strong fundamentals at a discounted price.
Additionally, investing in cheap stocks can help reduce risk by providing exposure to different sectors or industries.
However, there are some potential downsides to investing in cheap stocks. For one, these stocks may be undervalued for a reason, such as poor management or a weak business model.
Additionally, the stock market is unpredictable and cheap stocks can quickly become expensive if the company’s fundamentals improve or the stock price rises due to increased investor interest.
