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.
This is precisely where StockStory comes in - we do the heavy lifting to identify companies with solid fundamentals so you can invest with confidence. That said, here are three stocks under $50 to swipe left on and some alternatives you should look into instead.
Asana (ASAN)
Share Price: $14.30
Founded in 2008 by Facebook’s co-founder Dustin Moskovitz, Asana (NYSE: ASAN) is a cloud-based project management software, where you can plan and assign tasks to employees and monitor and discuss progress of work.
Why Are We Cautious About ASAN?
- Offerings struggled to generate meaningful interest as its average billings growth of 4.3% over the last year did not impress
- Competitive market dynamics make it difficult to retain customers, leading to a weak 96.3% net revenue retention rate
- Drawn-out sales process reflects its software’s integration hurdles with enterprise clients, restraining customer growth potential
Asana’s stock price of $14.30 implies a valuation ratio of 4.2x forward price-to-sales. If you’re considering ASAN for your portfolio, see our FREE research report to learn more.
Tenable (TENB)
Share Price: $30.73
Founded in 2002 by three cybersecurity veterans, Tenable (NASDAQ: TENB) provides software as a service that helps companies understand where they are exposed to cyber security risk and how to reduce it.
Why Do We Think Twice About TENB?
- Sales trends were unexciting over the last three years as its 15.8% annual growth was below the typical software company
- Estimated sales growth of 7.4% for the next 12 months implies demand will slow from its three-year trend
- Capital intensity will likely increase as its free cash flow margin is anticipated to drop by 1.5 percentage points over the next year
At $30.73 per share, Tenable trades at 3.7x forward price-to-sales. Dive into our free research report to see why there are better opportunities than TENB.
Dole (DOLE)
Share Price: $14.09
Known for its delicious pineapples and Hawaiian roots, Dole (NYSE: DOLE) is a global agricultural company specializing in fresh fruits and vegetables.
Why Do We Think DOLE Will Underperform?
- Annual revenue declines of 2% over the last three years indicate problems with its market positioning
- Anticipated sales growth of 1.9% for the next year implies demand will be shaky
- Easily substituted products (and therefore stiff competition) result in an inferior gross margin of 8.4% that must be offset through higher volumes
Dole is trading at $14.09 per share, or 10.2x forward P/E. Check out our free in-depth research report to learn more about why DOLE doesn’t pass our bar.
High-Quality Stocks for All Market Conditions
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