Price per share is not value
A company worth 10 billion can have a share price of 5 or of 500 - it depends only on how many shares it has issued. Two shares at 5 are not a better deal than one at 10. Compare price ratios instead: the price to earnings (P/E), to sales or to free cash flow.
Why the cheapest shares are risky
Shares under 1, often called penny stocks, are frequently small companies with losses, little trading and big price swings, and some are promoted by people who want to sell. Many exchanges move a share to a smaller market when its price stays under 1.
A safer way to look
If you want shares with a low price - for example to buy whole shares with a small amount - add limits that keep the risk down: a profit over the last four quarters and a market value of at least a few hundred million. That is what the screener profile below does.
Try it in the screener
The Under $10 profile shows profitable companies with a share price under 10. It is a learning example, not a recommendation.
Show under $10 stocksThis content is general information, not investment advice.