
<p>If you ask anybody on the street how to accrue wealth, most would tell you to invest in the stock market. While this is good advice, it doesn&#8217;t inform you of much. For instance, how do you invest in the best stocks without going broke?</p>



<p>Unfortunately, it&#8217;s a little late for most people to invest in Apple, Google, and Microsoft. Buying multiple shares with any of these companies can become pricy.</p>



<p>Instead, new investors can benefit from finding the cheapest stocks on NYSE (New York Stock Exchange). Cheap stocks allow you to invest in starting companies.</p>



<p>Who knows? The company you invest in could be the next Google. So, we&#8217;ll explore how to find the cheapest stocks in the guide below!</p>



<h2 class="wp-block-heading" id="choose-a-stock-screener-to-find-the-cheapest-stocks-on-nyse"><a></a><strong>Choose a Stock Screener to Find the Cheapest Stocks on NYSE</strong></h2>



<p>The first step in finding <a href="https://kailashconcepts.com/white-papers/cheap-stocks-right-now-are-the-exception-not-the-rule/"><strong>cheap stocks</strong></a> is to find a stock screener. The majority of stockbrokers have these screeners, including those with the NYSE. These screeners let you sort stocks by several criteria.</p>



<p>These criteria can be quite specific. For example, you can search for stock based on their annual sales growth at certain levels.</p>



<p>Searching for a stock based on its current value is one of the most standard types of screening. However, you can also search by more advanced criteria by choosing high-level screeners. You can <a href="https://www.monexsecurities.com.au/investing-in-usa-stock-market/">have a look</a> at some screeners online to find the best option.</p>



<h2 class="wp-block-heading" id="set-a-target-for-your-future-growth-rate"><a></a><strong>Set a Target For Your Future Growth Rate</strong></h2>



<p>People invest in companies for several reasons. However, most people invest in companies at least in part because they believe the stock will gain value.</p>



<p>The faster a company grows, the more valuable it becomes to investors. So, use your screener to find a company&#8217;s future earnings growth rate. Look for a growth rate that falls between 10% and 20%.</p>



<h2 class="wp-block-heading" id="p-e-ratio-to-find-undervalued-investments"><a></a><strong>P/E Ratio to Find Undervalued Investments</strong></h2>



<p>When you look for an inexpensive company, understand &#8220;inexpensive&#8221; to mean &#8220;undervalued. Some companies have cheap stocks because they&#8217;re likely going to fail. Others, however, have cheap stocks because they haven&#8217;t reached their full notoriety.</p>



<p>When you search for cheap stocks, look for this second kind. You can discover undervalued companies by using <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">the P/E ratio</a>.</p>



<p>This ratio divides a stock&#8217;s current price by the annual earnings per share. The lower this ratio is, the cheaper the company&#8217;s stock will be.</p>



<p>Some screeners allow you to search for stocks based on their P/E ratio. Finding affordable stock can become much easier if you use this function.</p>



<h2 class="wp-block-heading" id="examine-the-market-cap"><a></a><strong>Examine the Market Cap</strong></h2>



<p>Following the first three criteria should give you a list of several cheap stocks to purchase. However, you can narrow this list down further by setting the minimum company size. You can find this by measuring its market capitalization.</p>



<p>Following this approach helps you avoid riskier companies. The smaller a corporation&#8217;s market cap, the risker it is.</p>



<h2 class="wp-block-heading" id="find-cheap-stocks-today"><a></a><strong>Find Cheap Stocks Today!</strong></h2>



<p>Finding the cheapest stocks on NYSE becomes much easier when you follow these tips. So, find a screener you can trust and start looking for cheap stocks today!</p>



<p>We hope you enjoyed this article! If so, check out our other content today.</p>

How to Find the Cheapest Stocks on NYSE: A Guide
