Published on 4 Mar 2024 on Insider Monkey via Yahoo Finance
12 Best Single Digit Stocks To Invest In
In this piece, we will take a look at the 12 best single digit stocks to invest in. If you want to skip our coverage of affordable stocks and how they, like all other stocks such as small cap and large cap stocks, benefit and suffer from the broader macroeconomic environment, then you can take a look at the 5 Best Single Digit Stocks To Invest In.
Stocks can broadly be classified into three categories based on their market capitalization. Each of these represents firms whose shares operate with different dynamics within the broader market climate. The three primary stock categories are small, mid, and large caps, with the passage of time that has seen trillion dollar valuations the likes of NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL) has also created new categories commonly called mega cap stocks.
Similarly, the proliferation of computing products across the financial industry has made stock trading easier, leading to thousands of firms in categories such as micro and nano cap stocks. These stocks, which include firms whose shares trade in the single digits, are on the more 'affordable' end of the spectrum in literal terms. Single digit stocks are a small upgrade over the broader category of well known stocks that are called penny stocks. Typically, these stocks refer to firms whose shares trade below $5, and when we consider the general benefits and drawbacks of investing, single digit stocks, and penny stocks follow the same rules.