What Are the Top 10 Least Expensive NYSE Stocks?

What Are the Top 10 Least Expensive NYSE Stocks?

As an investor, finding the least expensive stocks to invest in can be a great way to build your portfolio without breaking the bank. In this article, we will explore the top 10 least expensive NYSE stocks and what makes them attractive to investors.

1. Chesapeake Energy Corporation (CHK)

With a share price of under $1, Chesapeake Energy Corporation (CHK) is the least expensive stock on the NYSE. The company has had its share of struggles in recent years, but it is still a major player in the energy industry. While there is some risk involved in investing in a company with a share price this low, there could also be potential for significant returns if the company is able to turn things around.

2. Castlight Health, Inc. (CSLT)

Castlight Health, Inc. (CSLT) is a healthcare technology company with a share price of around $1.50. While the company is not yet profitable, it has been growing steadily and has a number of partnerships with major healthcare providers. With the healthcare industry continuing to evolve and embrace technology, there could be significant potential for growth in this sector.

3. Groupon, Inc. (GRPN)

Groupon, Inc. (GRPN) is an e-commerce company that offers daily deals on a variety of products and services. The company has struggled in recent years, but it still has a large customer base and a strong brand. With a share price of around $2, there could be potential for significant returns if the company is able to turn things around.

4. Avon Products, Inc. (AVP)

Avon Products, Inc. (AVP) is a beauty and personal care company with a share price of around $2.50. While the company has faced some challenges in recent years, it still has a strong brand and a loyal customer base. With the beauty industry continuing to grow, there could be potential for significant returns if Avon is able to execute its turnaround plan.

5. Gannett Co., Inc. (GCI)

Gannett Co., Inc. (GCI) is a media company that owns a number of newspapers and other publications. With a share price of around $3, the company has been working to diversify its revenue streams and adapt to the changing media landscape. While there is some risk involved in investing in a company in the media industry, there could also be potential for significant returns if Gannett is able to successfully execute its strategy.

6. AK Steel Holding Corporation (AKS)

AK Steel Holding Corporation (AKS) is a steel company with a share price of around $3.50. While the company has faced some challenges in recent years, it is still a major player in the steel industry and has a number of long-term contracts with major customers. With the steel industry continuing to evolve, there could be potential for significant growth in this sector.

7. New York & Company, Inc. (NWY)

New York & Company, Inc. (NWY) is a women's fashion retailer with a share price of around $4. While the company has faced some challenges in recent years, it has been working to adapt to changing consumer preferences and has a strong online presence. With the fashion industry continuing to evolve, there could be potential for significant growth in this sector.

8. Lloyds Banking Group plc (LYG)

Lloyds Banking Group plc (LYG) is a British banking and financial services company with a share price of around $4.50. While there is some risk involved in investing in a foreign company, Lloyds has a strong presence in the UK and has been working to diversify its revenue streams. With the global financial services industry continuing to evolve, there could be potential for significant growth in this sector.

9. Nokia Corporation (NOK)

Nokia Corporation (NOK) is a Finnish telecommunications company with a share price of around $5. While the company has faced some challenges in recent years, it has a strong brand and a number of partnerships with major telecom providers. With the telecommunications industry continuing to evolve, there could be potential for significant growth in this sector.

10. Sprint Corporation (S)

Sprint Corporation (S) is a telecommunications company with a share price of around $5.50. While the company has faced some challenges in recent years, it has a number of long-term contracts with major customers and has been working to improve its network. With the telecommunications industry continuing to evolve, there could be potential for significant growth in this sector.

Investment Tips:

While investing in the least expensive NYSE stocks can be an attractive strategy, it is important to do your research and understand the risks involved. Here are a few tips to keep in mind:

1. Look for companies with strong fundamentals and a track record of success.

2. Pay attention to industry trends and look for companies that are well-positioned to take advantage of them.

3. Consider diversifying your portfolio across a variety of sectors and industries.

4. Be patient and don't expect immediate returns. Investing in stocks takes time and requires a long-term perspective.

5. Consider working with a financial advisor or other investment professional to help you make informed decisions.