The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead. They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Luckily for you, our mission at StockStory is to help you make money and avoid losses by sorting the winners from the losers. Keeping that in mind, here are three stocks under $50 to swipe left on and some alternatives you should look into instead.
MGP Ingredients (MGPI)
Share Price: $17.82
Headquartered in Atchison, Kansas, MGP Ingredients (NASDAQ: MGPI) is a leading supplier of high-quality ingredients to the food and beverage industry
Why Do We Steer Clear of MGPI?
- Annual sales declines of 12.9% for the past three years show its products struggled to connect with the market
- Overall productivity fell over the last year as its plummeting sales were accompanied by a decline in its operating margin
- Earnings per share have dipped by 17.4% annually over the past three years, which is concerning because stock prices follow EPS over the long term
MGP Ingredients is trading at $17.82 per share, or 10x forward P/E. Check out our free in-depth research report to learn more about why MGPI doesn’t pass our bar.
Progyny (PGNY)
Share Price: $24.84
Pioneering a data-driven approach to family building that has achieved an industry-leading patient satisfaction score of +80, Progyny (NASDAQ: PGNY) provides comprehensive fertility and family building benefits solutions to employers, helping employees access quality fertility treatments and support services.
Why Does PGNY Worry Us?
- Weak unit sales over the past two years indicate demand is soft and that the company may need to revise its strategy
- Subscale operations are evident in its revenue base of $1.29 billion, meaning it has fewer distribution channels than its larger rivals
At $24.84 per share, Progyny trades at 11.5x forward P/E. To fully understand why you should be careful with PGNY, check out our full research report (it’s free).
Equitable Holdings (EQH)
Share Price: $41.30
Tracing its roots back to 1859 as one of America's oldest financial institutions, Equitable Holdings (NYSE: EQH) provides retirement planning, asset management, and life insurance products through its two main franchises, Equitable and AllianceBernstein.
Why Is EQH Not Exciting?
- Scale is a double-edged sword because it limits the company’s growth potential compared to its smaller competitors, as reflected in its below-average annual revenue increases of 2.5% for the last five years
- Day-to-day expenses have swelled relative to revenue over the last two years as its pre-tax profit margin fell by 13.3 percentage points
- Policy losses and capital returns have eroded its book value per share this cycle as its book value per share declined by 167% annually over the last five years
Equitable Holdings’s stock price of $41.30 implies a valuation ratio of 5.8x forward P/E. Check out our free in-depth research report to learn more about why EQH doesn’t pass our bar.
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