69+ No-Brainer Best Cheap Stocks For 2023 That You Should Buy

Cheap Stocks For 2023

When markets drop, the stock prices will also fall across the board, smart traders know there are opportunities. But deciding which stocks to buy is difficult: So, today in this post, we will tell you more than 69 best cheap stocks for 2023 that you can buy.

However, since the great recession of 2008 and 2009, the stock market has been on an incredible bull run. While stocks are no longer setting new all-time highs, the price-to-earnings ratios of most S&P 500 companies remain historically high. Many investors need help finding cheap stocks for 2023 with strong business fundamentals and positive cash flow. 

Note: Top 7 Recession Proof Stocks For 2023 That You Love

So, to make this happen, we gather some information about the best cheap stocks for 2023, which are as follows:

Some Of The Best Cheap Stocks For 2023 That Are Under $1 

Below we listed the best cheap stocks that are under $1. On the other hand, we collect some information about each stock so that it is easier for you to choose which one is good for you:

1. Cybin (OTCMKTS:CYBN)

  • Previous Close: $0.29
  • Day Range: $0.28 – $0.30
  • Year Range: $0.26 – $1.29
  • Avg. Volume: 1.06M
  • P/E Ratio: N/A
  • Dividend Yield: N/A
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2. Lightning eMotors (NYSE: ZEV)

  • Previous Close: $0.43
  • Day Range: $0.42 – $0.48
  • Year Range: $0.42 – $7.29
  • Avg. Volume: 1.70M
  • P/E Ratio: 0.76
  • Dividend Yield: N/A

3. Integra Resources (NYSEAMERICAN: ITRG)

  • Previous Close: $0.67
  • Day Range: $0.61 – $0.69
  • Year Range: $0.46 – $2.25
  • Avg. Volume: 89.31K
  • P/E Ratio: N/A
  • Dividend Yield: N/A

4. Verastem (NASDAQ: VSTM)

  • Previous Close: $0.37
  • Day Range: $0.36 – $0.40
  • Year Range: $0.29 – $2.35
  • Avg. Volume: 1.00M
  • P/E Ratio: N/A
  • Dividend Yield: N/A

5. Mogo (NASDAQ: MOGO)

  • Previous Close: $0.49
  • Day Range: $0.47 – $0.51
  • Year Range: $0.47 – $4.18
  • Avg. Volume: 165.50K
  • P/E Ratio: N/A
  • Dividend Yield: N/A

6. BIOLASE (NASDAQ: BIOL)

  • Previous Close: $0.63
  • Day Range: $0.61 – $0.65
  • Year Range: $0.51 – $13.83
  • Avg. Volume: 251.29K
  • P/E Ratio: N/A
  • Dividend Yield: N/A

7. Surface Oncology (NASDAQ: SURFL)

  • Previous Close: $0.62
  • Day Range: $0.60 – $0.67
  • Year Range: $0.60 – $5.31
  • Avg. Volume: 309.75K
  • P/E Ratio: N/A
  • Dividend Yield: N/A

8. X4 Pharmaceuticals (NASDAQ: XFOR)

  • Previous Close: $0.77
  • Day Range: $0.75 – $0.82
  • Year Range: $0.65 – $2.68
  • Avg. Volume: 1.75M
  • P/E Ratio: N/A
  • Dividend Yield: N/A

9 Of The Best Cheap Stocks to Buy Under $5

If you are looking to buy the best cheap stocks that are under $5, then here are some of them:

  1. Telefonica SA (TEF): Market capitalization:- 20.71 billion USD.
  2. Tilray Brands Inc. (TLRY): Market capitalization:- 1.77 billion USD.
  3. Vnet Group Inc. (VNET): Market capitalization:- 787.95 million USD.
  4. Telecom Italia SPA (TIIAY): Market capitalization:- 4.90 billion USD.
  5. SCOR SE (SCRYY): Market capitalization:- 4.05 billion USD.
  6. Lloyd’s Banking Group PLC (LYG): Market capitalization:- 37.84 Billion USD.
  7. Banco Bradesco SA (BBD): Market capitalization:- 28.76 billion USD.
  8. Nomura Holdings Inc. (NMR): Market capitalization:- 11.19 billion USD.
  9. Rolls-Royce Holdings PLC (RYCEY): Market capitalization:- 9.07 billion USD.

10 Of The Best Cheap Dividend Stocks to Buy in 2023

Here are some of the best cheap dividend stocks to buy in 2023:

  1. AT&T (T): Stock price: $17.54.
  2. Yamana Gold Inc. (AUY): Stock price: $4.41.
  3. Walgreens Boots Alliance Inc. (WBA): Stock price: $35.06.
  4. Prospect Capital Corp. (PSEC): Stock price: $7.48.
  5. Enterprise Products Partners (EPD): Stock price: $26.32.
  6. UWM Holdings Corp. (UWMC): Stock price: $3.62.
  7. Hanesbrands (HBI): Stock price: $8.71.
  8. Chimera Investment Corp. (CIM): Stock price: $8.50.
  9. Equitrans Midstream Corp. (ETRN): Stock price: $9.27.
  10. Annaly Capital Management Inc. (NLY): Stock price: $6.45.
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Cheapest and Best Stocks To Buy Today Based On Different Sectors

Here is a list of the cheapest and best stocks for 2023 that you can buy that is based on different sectors:

  • iTeos Therapeutics Inc. (ITOS): Sector:- Biotechnology
  • Arhaus Inc. (ARHS): Sector:- Consumer Cyclical — Home Improvement Retail
  • Bluegreen Vacations Holding Corp. (BVH): Sector:- Resorts & Casin
  • Brigham Minerals Inc. (MNRL): Sector:- Oil and Gas Exploration and Production
  • Capital Bancorp Inc. (CBNK): Sector:- Banks — Regional
  • NexPoint Real Estate Finance Inc. (NREF): Sector:- REIT — Diversified
  • BlackRock TCP Capital Corp. (TCPC): Sector:- Asset Management
  • Alliance Resource Partners (ARLP): Sector:- Thermal Coal
  • American Vanguard Corp. (AVD): Sector:- Agricultural Inputs
  • Catalyst Pharmaceuticals Inc. (CPRX): Sector:- Biotechnology
  • The Duckhorn Portfolio Inc. (NAPA): Sector:- Beverages — Wineries and Distilleries
  • Energy Transfer (ET): Sector:- Oil and Gas Midstream
  • Forestar Group Inc. (FOR): Sector:- Real Estate – Development
  • Genco Shipping & Trading Limited (GNK): Sector:- Marine Shipping
  • MasterCraft Boat Holdings Inc. (MCFT): Sector:- Recreational Vehicle
  • Modine Manufacturing Co. (MOD): Sector:- Auto Parts
  • The Hackett Group, Inc. (HCKT): Sector:- Information Technology Services
  • Ares Capital (ARCC): Sector:- Asset Management

Top 7 Popular Penny Stocks On Robinhood For 2023

Here is the list of the top popular penny stocks on Robinhood for 2023:

  1. FingerMotion, Inc. (NASDAQ: FNGR)
  2. Tilray Inc. (NASDAQ: TLRY)
  3. SNDL Inc. (NASDAQ: SNDL)
  4. Momentus Inc. (NASDAQ: MNTS)
  5. Aurora Cannabis Inc. (NASDAQ: ACB)
  6. Waitr Holdings Inc. (NASDAQ: WTRH)
  7. United States Antimony Corporation (NYSEAMERICAN: UAMY)

Note: Penny stocks don’t mean that they cost exactly a penny or below a penny. However, penny stocks are mostly small company stocks that trade for less than $5.

The Best Health Care Stocks To Buy For 2023

We listed the best healthcare stocks that you can buy in 2023:

  • Cigna Corp. (CI): Market capitalization:- 101.86 billion USD.
  • Pfizer Inc. (PFE): Market capitalization:- 289.9 billion USD.
  • Vertex Pharmaceuticals Inc. (VRTX): Market capitalization:- 74.5 billion USD.
  • CVS Health Corp. (CVS): Market capitalization:- 123.67 billion USD.
  • Medtronic Plc (MDT): Market capitalization:- 102.64 billion USD.
  • UnitedHealth Group Inc. (UNH): Market capitalization:- 492.91 billion USD.
  • Merck & Co Inc. (MRK): Market capitalization:- 281.71 billion USD.
  • Abbott Laboratories (ABT): Market capitalization:- 188.55 billion USD.
  • Moderna Inc. (MRNA): Market capitalization:- 80.69 billion USD.
  • Boston Scientific Corp. (BSX): Market capitalization:- 66.00 billion USD.
See also  99+ Best Stocks to Buy for 2023 With Different Categories

Cheap Energy Stocks to Buy Right Now

Here in this section, we listed the top 3 cheap energy stocks to buy right now:

1. ExxonMobil (NYSE: XOM)

  • Market capitalization: 444.99 Billion USD
  • Previous Close: $106.69
  • Day Range: $107.16 – $108.59
  • Year Range: $59.97 – $114.66
  • Avg. Volume: 18.92M
  • P/E Ratio: 8.80
  • Dividend Yield: 3.37%

2. TotalEnergies (NYSE: TTE)

  • Market capitalization: 159.16 Billion USD
  • Previous Close: $60.80
  • Day Range: $61.98 – $63.15
  • Year Range: $44.61 – $63.15
  • Avg. Volume: 18.92M
  • P/E Ratio: N/A
  • Dividend Yield: N/A

3. SunPower (NASDAQ: SPWR)

  • Market capitalization: 3.50 Billion USD
  • Previous Close: $19.91
  • Day Range: $19.61 – $20.25
  • Year Range: $12.78 – $28.42
  • Avg. Volume: 3.79M
  • P/E Ratio: 63.36
  • Dividend Yield: N/A

3 Incredibly Cheap Real Estate Stocks For 2023

Here are some of the best cheap real estate stocks for 2023:

1. STORE Capital (NYSE: STOR)

  • Market capitalization: 9.04 Billion USD
  • Previous Close: $31.99
  • Day Range: $31.97 – $32.01
  • Year Range: $24.48 – $34.99
  • Avg. Volume: 3.15M
  • P/E Ratio: 27.68
  • Dividend Yield: 5.13%

2. Digital Realty Trust (NYSE: DLR)

  • Market capitalization: 28.88 Billion USD
  • Previous Close: $98.74
  • Day Range: $98.70 – $102.03
  • Year Range: $85.76 – $178.22
  • Avg. Volume: 2.01M
  • P/E Ratio: 20.56
  • Dividend Yield: 4.86%

3. Seritage Growth Properties (NYSE: SRG)

  • Market capitalization: 663.42 Million USD
  • Previous Close: $11.72
  • Day Range: $11.79 – $12.06
  • Year Range: $4.90 – $14.62
  • Avg. Volume: 386.14K
  • P/E Ratio: N/A
  • Dividend Yield: N/A

Conclusion

This is the end of this post, which is about the cheap stocks for 2023. On the other hand, in this post, we mentioned more than 69 best cheap stocks for 2023. 

Note: If you are planning to buy one of the cheap stocks that are mentioned above, then you need to do proper research, If you want to make your money double or maybe triple.

I hope you like this post, which is on the best cheap stocks for 2023. If so, then please let us know in the comment section that is below. 

Happy investing!

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FAQs

Q1. Are cheap stocks worth it?

Penny stocks are risky, and there is little information available on most over-the-counter stocks. With several alternatives to penny stocks that allow all investors to begin investing with 5 dollars or less and still enjoy massive historical returns, there’s no reason to consider penny stocks a wise investment.

Q2. What are the best stocks to buy right now?

Here are the top 8 Stocks to buy right now:

1. Prologis, Inc. (NYSE: PLD)
2. Amazon.com, Inc. (NASDAQ: AMZN)
3. The Boeing Company (NYSE: BA)
4. ServiceNow, Inc. (NYSE: NOW)
5. Alphabet Inc. (NASDAQ: GOOG)
6. Johnson & Johnson (NYSE: JNJ)
7. The Walt Disney Company (NYSE: DIS)
8. Palo Alto Networks, Inc. (NASDAQ: PANW)

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