List of 20 Stocks under $1 Dollar with Potential for 2023

In this article, we will explore the twenty (20) stocks under $1 dollar with potential.

Is Investing $1 in Stock Worth it?

If you are investing stocks under $1 dollar every day in the stock market, at the end of 30 years, you will put $10,950 into the stock market. But if you earned a 10% average annual return, your balance could be worth $66,044.

Under these assumptions, you would end up with over six times the money you saved. And the reason for that is simple. The initial investments you made would grow if you left the money alone.

The stock under $1 dollar you invested on day one would turn into $17.45 of value on its own, and it would do that because as the $1 earned a return, the money would be reinvested and gain more returns, and so on over time. It is compounding.

Stocks under $1 dollar
Photo credit: PennyStocks

 What Stock is Warren Buffet Buying?

While Buffett opened new positions in many stocks in previous quarters, the legendary investor was much more selective in the second quarter of 2021. Only one new inventory was added to Berkshire’s portfolio: Organon (NYSE: OGN).

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Novavax: Novavax has found itself in the spotlight since the coronavirus disease 2019 (COVID-19) pandemic began. That’s because it’s a vaccine-focused company that’s developed an intriguing candidate to treat COVID-19.

According to estimates from Wall Street, Novavax is to see its full-year sales skyrocket to $5.23 billion in 2023.

Marathon Digital Holdings: Implied revenue growth of 122% in 2023

Cryptocurrency miner Marathon Digital Holdings is another fast-paced company expected to deliver back-to-back years of supercharged growth (NASDAQ: MARA).

Marathon is focused explicitly on mining Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency by market cap.


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A third growth stock expected to drive home a severe sales increase in 2023 is an electric vehicle (EV) and hydrogen fuel-cell vehicle manufacturer Nikola (NASDAQ: NKLA).

The case for is a payment management platform for small to medium-size businesses, and it targets to solve that problem. It created a digital inbox that aggregates the flow of invoices, so they’re all in one spot.

Business owners use the inbox to pay bills with a single click, and since it integrates with major accounting software providers, they can update their books as they make transactions.

The case for Intuit:

The intuit stock is to outgrow the market in 2023. Millions of small-business dealers use its flagship accounting software QuickBooks, and while it’s not to grow as fast as, the organization is profitable.

QuickBooks is known for its affordable pricing, ease of use, and automated bookkeeping features.

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UWM Holdings Corp.: UWM Holdings is the indirect parent of United Wholesale Mortgage, works as a wholesale mortgage lender.

The company sells, originates, and services residential mortgage loans across the U.S., including government loans. It employs 8,600 people.

Qurate Retail Inc.: is an e-commerce services organization that reaches 218 million homes and works through seven retail brands, including QVC, Zulily, and Garnet Hill.

It partners with television networks, e-commerce sites, mobile apps, and print catalogs to give video and digital commerce services.

Sage Therapeutics Inc. is a biopharmaceutical organization that develops novel therapies for people with debilitating brain disorders.

The company targets diseases and conditions of the brain within critical areas such as depression and neuropsychiatry. It trades ZULRESSO, a drug for treating postpartum depression and has several drugs in its development pipeline.

Annaly Capital Management Inc. is a diversified capital management company that deals in finances residential and commercial assets. It invests in agency mortgage securities collateralized by residential mortgages as well as non-agency residential mortgage assets.

It also offers financing to private-equity-backed middle-market businesses with an aim on senior debt in select industries. The company has about $93 billion in total assets.8 In September, Annaly announced a cash dividend of $0.22 per common stock share.

The bonus is payable Oct. 29, 2021, to shareholders of record as of Sept. 30, 2021.9

eBay Inc. is a global commerce company that enables sellers to offer inventory for sale and buyers to browse and purchase it. The company has 1.5 billion live listings by 19 million sellers. eBay offers its platform in more than 190 markets globally.

Top 10 Stocks Under $1 Dollar with Potential in 2023

Aeterna Zentaris Inc:

Aeterna Zentaris is one of the stocks under $1 dollar a development company with a high-level leadership team. In addition, they are the only organization with an oral diagnostic for AGHD ever approved.

They have other medical products with the potential to highlight their enterprise within the medical market once they’ve been tested and approved.

Alkido Pharma Inc:

Alkido Pharma Inc. is a stock under $1 dollar. As the company concentrates on topics extremely relevant to our society, the stores can keep valuing over time.

Avinger, Inc. (NASDAQ: AVGR):

Avinger, Inc. is another stock under $1 dollar an innovative company. They produce products with radiation-free technology, a great advantage to doctors who may be exposed to radiation for long periods, causing additional damages, such as brain tumors and skin cancers.


As reported by Dental Economics, the number of dental hygienists utilizing lasers in their daily routine doubled, promising information for this company and, therefore, who wants to invest in its stocks.

Inuvo, Inc. (NASDAQ: INUV):

The company’s primary focus is on Artificial Intelligence (AI), a hotspot in this new era. This rise is an excellent reason to start or keep investing in the AI field, which will probably keep valuing itself over the following years.

RiceBran Technologies (NASDAQ: RIBT):

It is a stock under $1 dollar. The company’s products have several benefits and applications. It’s also cost-effective, minimally processed, and gluten-free.

Watch the video below to know more about the Stocks under $1 Dollar with Potential:

Sundial Growers Inc. (NASDAQ: SNDL):

It is another stock under $1 dollar. The company keeps an eye on and is worth buying a few penny stocks due to the fast expansion of the field and the fast valorization of Sundial Growers Inc. stocks.

United States Antimony Corporation (NASDAQ: UAMY):

United States Antimony Corporation is a stock under $1 dollar, the only antimony smelter. They own a mine of Zeolite in Idaho which has one of the most excellent zeolite stores in the world.

The U.S. Well Services, Inc. (NASDAQ: USWS):

The U.S. Well, Services is a stock under $1 dollar, dedicated to decreasing oil and gas emissions, and has the first technology that reduces emissions in this field.

Zomedica Corp (NASDAQ: ZOM):

This stock under $1 dollar promising has shown the highest increase over one year of all the companies on this list, +357.27%.

It’s a good investment due to the projection over their sales growth as well: for the current year, the average estimate is 4.43M, while for the year of 2023 is 15.21, a +243.30% sales growth.


About Author

Stocks under $1 dollar
Carlos James
I am a creative writer, researcher and strategic digital marketer who is focused on providing value to the community through my contents and creatives.

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