Low-cost stocks typically trade at depressed levels for a reason. In many cases, such prices indicate deep financial troubles for a company. Nonetheless, investors should remember that some now-prominent stocks such as Advanced Micro Devices or NIO were once penny stocks. So not every company should necessarily be written off for a low stock price.
To recover from such prices, a company must show substantial growth potential. Antares Pharma (NASDAQ: ATRS), GreenSky (NASDAQ: GSKY), and Nokia (NYSE: NOK) are three such businesses with considerable capacity to orchestrate such a turnaround.
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Source Fool.com