17 Best Cheap Growth Stocks Under $5 for March 2023

Are you looking for cheap stocks under $5 to buy right now?
Stocks that trade under $5 are known as penny stocks that carry higher risks than bigger, more established companies. We also covered other growth stocks to buy including the best growth stocks under $10, best growth stocks under $20, and best growth stocks under $50.
Best Stocks Under $5
Ticker | Company Name | Last Price |
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WISH | ContextLogic | $0.39 |
SDC | SmileDirect Club | $0.42 |
SOLO | ElectraMeccanica | $0.48 |
UONEK | Urban One | $5.24 |
GNUS | Genius Brands | $2.61 |
VGFC | Very Good Food Company | #N/A |
RMO | Romeo Power | $0.11 |
TRUE | TrueCar | $2.26 |
HEXO | Hexo | $1.30 |
PHUN | Phunware | $0.71 |
PSFE | Paysafe | $16.04 |
HIVE | Hive Blockchain | $3.12 |
RIDE | Lordstown Motors | $2.26 |
IDEX | Ideanomics | $0.12 |
SLGG | Super League Gaming | $0.48 |
BODY | BeachBody | $0.47 |
LIZI | Lizhi | $0.68 |
Where to Buy Stocks Under $5 – My Favorite Stock Broker Trading Apps
- Fidelity Investments
- Robinhood
- Webull

Fidelity Investments is my preferred full service broker for buying and selling stocks in a traditional brokerage account and IRA retirement account. $0 stock trades, 24/7 phone customer support, and an easy to use app are just some of the reasons why I use Fidelity.

Robinhood is a popular stock & crypto trading app that's extremely popular with millenials. You can buy and sell stocks, cryptocurrencies, and options for free.
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Fees:
$0
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Fees:
$0 (65 cents per options contract)
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Fees:
$0
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Account Minimums:
$0
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Account Minimums:
$0
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Account Minimums:
$0
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Promotion:
Up to $600 in Transfer Bonuses
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Promotion:
$100 for New Accounts
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Promotion:
Up to 12 free stocks valued $30,600
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