Stocks you can buy for $5 or less are often called penny stocks, even though you need a bit more than a few pennies to buy them. While they're not often cheap by traditional valuation metrics, their low share prices make them attractive to many beginning investors. However, for every penny stock that hits, there are dozens of others that don't go anywhere.
While many are start-ups, others are formerly successful companies that have fallen on hard times. Some may bounce back, others won't. But here are a couple of stocks trading under $5 with solid growth prospects.
Waitr Holdings (NASDAQ: WTRH) is a food delivery company whose stock has enjoyed a meteoric rise thanks to the COVID-19 lockdown economy. At the start of this year, it was trading at $0.35 per share, but its share price of $4.61 at Monday's close gives it an increase of just over 1,200% year to date.
Source Fool.com