SNAP - 1 Tech Stock Under $20 to Buy and 1 to Avoid
2024-06-12 10:37:00 ET
Investing on a budget can actually be lucrative. Even with a modest sum like $20, you can acquire a full share (or more) of a company that has the potential to deliver excellent results. However, price and quality aren't the same thing on the stock market, and many stocks that look cheap are anything but.
Sometimes, investing in a stock whose share price seems too good to be true is an ill-advised choice. Here's one stock trading under $20 per share that looks attractive and one that doesn't.
The past few years have been difficult for Snap (NYSE: SNAP) . The company faced some headwinds related to a decline in ad spending, its most significant source of revenue. Meanwhile, it's still hard for the company to keep expenses and costs in check, and Snap isn't consistently profitable. However, Snap's latest quarterly update was a breath of fresh air. The company's revenue increased by a healthy 21% year over year to $1.2 billion. That's the best top-line growth rate Snap has recorded in a while.
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1 Tech Stock Under $20 to Buy and 1 to Avoid