Investment Mobs Top 24 Stocks Under $24 in 2024
2024 hopes to show some optimism in the markets as the FED has indicated that inflation is under control and interest rates may be lowered in the upcoming year. Investment Mob has you covered with the highly-anticipated annual 24 Stocks Under $24 in 2024. Discover undervalued gems, market trends, and strategic insights that that only Tom from Investment Mob can provide. Whether you’re a seasoned investor seeking the next big opportunity or a newcomer navigating the complexities of the stock market, this comprehensive guide is your starting point to find undervalued picks. Tom and the Investment Mob team struts into the New Year focused and ready for some more swings in the markets. Here at Investment Mob we hope 2024 finds you well and gives you the gift of Tom’s 24 Stocks Under $24 in 2024.
1. ALX Oncology Holding (AXLO $12.26) is a clinical stage immuno-oncology company which focuses on developing therapies for cancer patients. ALXO has collaboration agreements with Merck; Zymeworks as well as Tallac Therapeutics.
Market Cap: $623 Million Ave Trade Volume: 1,375,000 shares
2. Couchbase (BASE $20.41) provides a database for enterprise applications which works in multiple configurations to on premise environments to the edge.
Market Cap: $1 Billion Ave Trade Volume: 2342,000 shares
3. Cabaletta Bio (CABA @ $16.50) a clinical-stage biotechnology company, focuses on the discovery and development of engineered T cell therapies for patients with B cell-mediated autoimmune diseases. It has a collaboration with the University of Pennsylvania and the Children’s Hospital of Philadelphia.
Market Cap: $777 Million Ave Trade Volume: 1,138,000 shares
4. Chewy (CHEW $20.81) engages in the pure play e-commerce business providing pet food, treats, pet supplies,pet medications, and other pet-health products.
Market Cap: $8.5 Billion Ave Trade Volume: 8,070,000 shares
5. Coupang (CPNG @ $21.80) owns and operates in e-commerce business. The company operates through two segments, Product Commerce and Developing Offerings selling various products and services including (home goods, apparel, beauty products, fresh food and groceries). The company also offers Rocket Fresh, which offers fresh groceries; Coupang Eats, a restaurant ordering and delivery services; and Coupang Play, an online content streaming services.
Market Cap: $28.5 Billion Ave Trade Volume: 7,980,000 shares
6. Freshworks (FRSH $20.19) provides modern software-as-a-service products. It offers Freshdesk Support Desk and Freshdesk Contact Center.
Market Cap: $6.3 Billion Ave Trade Volume: 2,245,000 shares
7. Fastly (FSLY $17.26) operates an edge cloud platform for processing, serving, and securing its customer’s applications. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.
Market Cap: $2.25 Billion Ave Trade Volume: 2,700,000 shares
8. The Good Year Tire & Rubber Company (GT $13.97) develops, manufactures, distributes, and sells tires and services worldwide under the Goodyear, Cooper, Dunlop, as well as private-label brands.
Market Cap: $4 Billion Ave Trade Volume: 3,500,000 shares.
9. Robinhood Markets (HOOD $11.73) operates financial services platform to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies.
Market Cap: $10.0 Billion Ave Trade Volume: 9,600,000 shares
10. i3 Vertical (IIIV $19.77) provides integrated payment and software solutions primarily to the public sector and healthcare markets. It operates in two segments, Software and Services, and Merchant Services.
Market Cap: $658 Million Ave Trade Volume: 151,000 shares
11. Invesco (IVZ $15.23) is a publicly owned investment manager. The firm provides its services to retail clients, high-net worth clients, public entities, corporations, unions, pension funds, and financial institutions.
Market Cap: $7 Billion Ave Trade Volume: 5,470,000 shares
12. IonQ,Inc (IONQ $13.69) engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities.
Market Cap: $2.6 Billion Ave Trade Volume: 9,800,000 shares
13. Nintendo (NTDOY $11.78) develops, manufactures, and sells home entertainment products. Also offers video game platforms, playing cards, and handheld and home console hardware systems.
Market Cap: $55 Billion Ave Trade Volume: 881,000 shares
14. Opera Limited (OPRA $11.19) provides mobile and PC web browsers. Operates in two segments, Browser and News, and Other.
Market Cap: $970 Million Ave Trade Volume: 784,000 shares
15. PubMatic (PUBM $17.11) provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers.
Market Cap: $868 Million Ave Trade Volume: 339,000 shares
16. SentinelOne (S $24.00) operates as a cybersecurity provider in the United States and internationally.
Market Cap: $7.6 Billion Ave Trade Volume: 5,600,000 shares
17. Schneider National (SNDR $23.84) engages in the provision of surface transportation & logistics solutions in the United States, Canada & Mexico. Company operates through 3 segments: Truckload, Intermodal, & Logistics.
Market Cap: $4.2 Billion Ave Trade Volume: 596,000 shares
18. Sonos (SONO $16.05) designs, develops, manufactures, and sells audio products and services worldwide.
Market Cap: $2 Billion Ave Trade Volume: 2,300,000 shares
19. Syndax Pharmeceuticals (SNDX $16.65) a clinical-stage biopharmaceutical company, develops therapies for the treatment of cancer.
Market Cap: $1.2 Billion Ave Trade Volume: 1,950,000 shares
20. Teladoc Health (TDOC $19.21) provides virtual healthcare services in the United States and internationally.
Market Cap: $3.16 Billion Ave Trade Volume: 5,000,000 shares
21. Toast (TOST $15.31) operates a cloud-based and digital technology platform for the restaurant industry. Toast offers Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices and Toast Go, a handheld POS device that enhances the table turn times.
Market Cap: $8.32 Billion Ave Trade Volume: 8,6800,000 shares
22. V.F. Corp (VFC $18.14) provides branded lifestyle apparel under The North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies, and Timberland.
Market Cap: $6.9 Billion Ave Trade Volume: 9,052.000 shares
23. Weave Communications (WEAV $10.06) provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customers.
Market Cap: $746 Million Ave Trade Volume 309,000 shares
24. Clear Secure (YOU $21.78) operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. Also offers CLEAR Plus, a consumer aviation subscription service.
Market Cap: $3.45 Billion Ave Trade Volume: 1,200,000 shares