What are the Top Cheap Shares to Put Money Into?

Are you a newcomer or a seasoned investor looking for some low-cost shares to add to your collection but don’t know where to start? Look no further as we provide you with a comprehensive guide to the best affordable shares to invest in. Low-cost shares are shares that trade at less than $5 per share, making them accessible to most traders. However, they come with more significant hazards due to their volatility and reduced liquidity.

Top 10 Best Cheap Shares to Invest In

Here are the top 10 best cheap shares to invest in based on their income potential, long-term growth prospects, and current market conditions.

1. Acasti Pharma (ACST)

Acasti Pharma is a biopharmaceutical company that concentrates on the research, development, and commercialization of prescription drugs for cardiovascular illnesses. The company has a separate omega-3 phospholipid drug, CaPre, that lowers triglycerides, a crucial risk factor for cardiovascular illnesses. Acasti Pharma has partnered with major pharmaceutical companies, generating revenue from these deals. The equity currently trades at $1.03 per share and has significant potential for expansion.

2. Soligenix Inc. (SNGX)

Soligenix is a clinical-stage biopharmaceutical company with a focus on developing treatments for rare diseases. The company’s lead product candidate, SGX301, is a topical photodynamic therapy for cutaneous T-cell lymphoma, a rare cancer of the blood. The stock currently trades at $0.88 per share and is worth considering for a long-term investment.

3. Amarantus Bioscience Holdings, Inc. (AMBS)

Amarantus Bioscience Holdings, Inc. is a diagnostic and therapeutic development company specializing in neurology and psychiatry. The company’s lead product candidate is eltoprazine, which targets Parkinson’s disease and bipolar disorder. The stock currently trades at $0.04 per share, making it one of the cheapest affordable shares to invest in.

4. SINTX Technologies, Inc. (SINT)

SINTX Technologies is a medical device company that develops and manufactures silicon nitride ceramic-based implantations. The company’s patented technology has proven to be effective in reducing the risk of bacterial infections and improving bone healing. The stock currently trades at $1.24 per share and could be a lucrative long-term investment.

5. Senseonics Holdings, Inc. (SENS)

Senseonics Holdings is a medical technology company that develops and manufactures glucose monitoring systems for people with diabetes. The company’s flagship product, Eversense, is a continuous glucose monitoring system that lasts up to three months. The equity currently trades at $2.19 per share and has the potential for substantial growth.

6. FuelCell Energy, Inc. (FCEL)

FuelCell Energy, Inc. is a clean energy company that designs, manufactures, and operates fuel cell power plants. The company’s technology provides an alternative to traditional power sources, reducing carbon emissions and increasing energy efficiency. The stock currently trades at $1.33 per share and has the potential for significant growth in the future.

7. Vertex Energy, Inc. (VTNR)

Vertex Energy, Inc. is an environmental services company that recycles industrial waste streams and produces clean fuels. The company’s fuels are used in industrial furnaces and boilers, providing an alternative to traditional fossil fuels. The equity currently trades at $1.32 per share and is worth considering for a long-term investment.

8. SuperCom Ltd. (SPCB)

SuperCom Ltd. is a provider of digital identity solutions and IoT (Internet of Things) products. The company’s technology provides secure identification and location tracking for people and assets. The share currently trades at $1.76 per share and could be an attractive long-term investment opportunity.

9. GEE Group, Inc. (JOB)

GEE Group, Inc. is a staffing and recruiting company specializing in the placement of professionals from various industries. The company has a robust sourcing network and a nationwide footprint, providing it with a competitive advantage in the staffing industry. The stock currently trades at $1.06 per share and is worth considering for a long-term investment.

10. Immunomedics, Inc. (IMMU)

Immunomedics, Inc. is a biopharmaceutical company that develops therapies to treat cancer and other severe illnesses. The company’s lead product candidate, sacituzumab govitecan, is an antibody-drug conjugate that targets solid tumors. The stock currently trades at $39.50 per share, making it the most expensive cheap share on our list. However, it has significant potential for growth, making it worth considering for a long-term investment.

Frequently Asked Questions

1. What are affordable shares?

Affordable shares are shares that trade at a price lower than $5 per share, making them accessible to most traders. However, they come with more significant risks due to their volatility and reduced liquidity.

2. Why should I invest in affordable shares?

Investing in affordable shares can be an effective way to diversify your portfolio and potentially achieve higher returns. However, it’s crucial to perform thorough research and analysis before investing in affordable shares, given their risks.

3. What are the risks of investing in affordable shares?

Affordable shares come with more significant risks due to their volatility and reduced liquidity. They may also have lower market capitalization and lesser-known companies, making them more susceptible to fraud and manipulation.

4. How do I choose which affordable shares to invest in?

When choosing which affordable shares to invest in, it’s crucial to perform thorough research and analysis. Consider the company’s financials, market conditions, growth prospects, and potential risks before making a decision.

5. Can affordable shares provide higher returns than conventional shares?

Affordable shares have the potential to provide higher returns than conventional shares due to their low share price and the potential for significant growth. However, they also come with more considerable risks and volatility, so it’s essential to perform thorough research and analysis before investing.

Conclusion

Investing in affordable shares can be a risky but potentially lucrative endeavor. When choosing which affordable shares to invest in, it’s crucial to perform thorough research and analysis to identify the best options. The top 10 affordable shares we’ve listed have significant potential for growth and income potential but do carry risks, so it’s crucial to consider your investment goals and risk tolerance before investing. Remember to always invest with caution and diversify your portfolio to minimize risk.