Published on 7 Jun 2022 on InvestorPlace via Yahoo Finance
7 Cheap Stocks Under $20 That Could Double Soon
Good things sometimes come in small packages. These seven cheap stocks under $20 all have the potential to double soon. However, for that to happen, the economy has to cooperate. So, inflation must go, or at the very least, moderate a little.
To select the seven names on my list, I gathered a diversified group of stocks that are down on their luck, but not out of the game entirely. Further, they’re covered by at least five analysts, are a part of the S&P 1500, have a projected price/earnings-to-growth (PEG) ratio over the next 12 months of less than 2, and generate annual free cash flow of at least $100 million.
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