3 Promising Stocks Under $2 Worth Snapping Up Now
Some people seem to believe that “the market” is all-knowing. But that’s far from the case. In fact, “the market” often greatly overestimates and underestimates companies. Because of the latter phenomenon, it’s quite possible to identify stocks under $2 that can, in a few years, rocket to $20 or even higher. If you’re looking for a recent example, consider Plug Power (NASDAQ: PLUG ). At the start of 2019, shares were trading for $1.24. In January 2021, the stock hit a high above $75 for a gain of nearly 6,000%. PLUG stock was propelled higher by a number of factors, including the increased interest in renewable fuels and the explosion of e-commerce during the pandemic. Or take Luckin Coffee (OTC: LKNCY ), which was trading for well under $2 in May 2020 and closed yesterday at $16.26. After the company’s accounting scandal, many left shares for dead. But with the help of some angel investors, forgiving regulators and the brand’s continued popularity in China, LKNCY stock made a huge comeback.
3 Promising Stocks Under $2 Worth Snapping Up Now
Some people seem to believe that “the market” is all-knowing. But that’s far from the case. In fact, “the market” often greatly overestimates and underestimates companies. Because of the latter phenomenon, it’s quite possible to identify stocks under $2 that can, in a few years, rocket to $20 or even higher. If you’re looking for a recent example, consider Plug Power (NASDAQ: PLUG ). At the start of 2019, shares were trading for $1.24. In January 2021, the stock hit a high above $75 for a gain of nearly 6,000%. PLUG stock was propelled higher by a number of factors, including the increased interest in renewable fuels and the explosion of e-commerce during the pandemic. Or take Luckin Coffee (OTC: LKNCY ), which was trading for well under $2 in May 2020 and closed yesterday at $16.26. After the company’s accounting scandal, many left shares for dead. But with the help of some angel investors, forgiving regulators and the brand’s continued popularity in China, LKNCY stock made a huge comeback.