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Best Stocks Under $3 Right Now

It can be difficult to find a deal in the stock market regardless of current market conditions. For the last decade, stocks have traded well above historical average P/E ratios. Fortunately there are still a handful of undervalued stocks in corners of the market that most investors ignore. This page lists cheap stocks that have a share price of $3.00 (3 dollars) or less and consisently-receive "buy" and "strong buy" ratings from Wall Street's top-rated research analysts.

Denison Mines stock logo

1. Denison Mines NYSEAMERICAN:DNN

$1.58 -0.01 (-0.32%)
As of 10:37 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. More about Denison Mines

Market Capitalization
$1.42 billion
P/E Ratio
-158.30
Consensus Rating
Strong Buy
Consensus Price Target
$3.00 (+90.5% Upside)
Volume
7.21 million shares
Average Volume
39.92 million shares
Mereo BioPharma Group stock logo

2. Mereo BioPharma Group NASDAQ:MREO

$2.82 -0.05 (-1.60%)
As of 10:36 AM Eastern
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Mereo BioPharma Group plc, a biopharmaceutical company, develops and commercializes therapeutics for the treatment of oncology and rare diseases in the United Kingdom, the United States, and internationally. More about Mereo BioPharma Group

Market Capitalization
$437.21 million
Consensus Rating
Buy
Consensus Price Target
$7.83 (+177.4% Upside)
Volume
41,283 shares
Average Volume
1.11 million shares
Today's Range
$2.83
$2.90
enCore Energy stock logo

3. enCore Energy NASDAQ:EU

$2.68 -0.06 (-2.01%)
As of 10:37 AM Eastern
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enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. More about enCore Energy

Market Capitalization
$501.59 million
P/E Ratio
-9.62
Consensus Rating
Buy
Consensus Price Target
$6.50 (+142.1% Upside)
Volume
184,351 shares
Average Volume
1.51 million shares
Quince Therapeutics stock logo

4. Quince Therapeutics NASDAQ:QNCX

$1.42 -0.03 (-2.07%)
As of 10:35 AM Eastern
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Quince Therapeutics, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing therapeutics for patients with debilitating and rare diseases. More about Quince Therapeutics

Market Capitalization
$62.48 million
P/E Ratio
-1.15
Consensus Rating
Buy
Consensus Price Target
$9.50 (+569.0% Upside)
Volume
15,230 shares
Average Volume
126,808 shares
Cardiol Therapeutics stock logo

5. Cardiol Therapeutics NASDAQ:CRDL

$1.25 -0.05 (-3.46%)
As of 10:36 AM Eastern
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Cardiol Therapeutics Inc, a clinical-stage life sciences company, focuses on the research and development of anti-fibrotic and anti-inflammatory therapies for the treatment of heart diseases. More about Cardiol Therapeutics

Market Capitalization
$103.68 million
P/E Ratio
-3.22
Consensus Rating
Buy
Consensus Price Target
$8.40 (+569.3% Upside)
Volume
28,084 shares
Average Volume
258,619 shares
Nkarta stock logo

6. Nkarta NASDAQ:NKTX

$2.08 -0.07 (-3.02%)
As of 10:37 AM Eastern
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Nkarta, Inc, a clinical-stage biopharmaceutical company, develops and commercializes natural killer cell therapies for cancer and autoimmune disease treatment. More about Nkarta

Market Capitalization
$147.14 million
P/E Ratio
-1.11
Consensus Rating
Buy
Consensus Price Target
$15.00 (+619.4% Upside)
Volume
141,930 shares
Average Volume
1.00 million shares
Aclaris Therapeutics stock logo

7. Aclaris Therapeutics NASDAQ:ACRS

$2.28 -0.03 (-1.39%)
As of 10:37 AM Eastern
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Aclaris Therapeutics, Inc a clinical-stage biopharmaceutical company, engages in the development of novel drug candidates for immune-inflammatory diseases in the United States. More about Aclaris Therapeutics

Market Capitalization
$162.58 million
P/E Ratio
-4.38
Consensus Rating
Buy
Consensus Price Target
$11.00 (+382.9% Upside)
Volume
62,020 shares
Average Volume
783,220 shares
GeoVax Labs stock logo

8. GeoVax Labs NASDAQ:GOVX

$1.62 -0.01 (-0.48%)
As of 10:19 AM Eastern

GeoVax Labs, Inc, a clinical-stage biotechnology company, develops human vaccines and immunotherapies against infectious diseases and solid tumor cancers using modified vaccinia ankara virus-like particle vaccine platform. More about GeoVax Labs

Market Capitalization
$15.31 million
Consensus Rating
Buy
Consensus Price Target
$14.20 (+775.4% Upside)
Volume
29,278 shares
Average Volume
546,184 shares
Today's Range
$1.62
$1.69
Reviva Pharmaceuticals stock logo

9. Reviva Pharmaceuticals NASDAQ:RVPH

$1.64 +0.01 (+0.31%)
As of 10:37 AM Eastern
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Reviva Pharmaceuticals Holdings, Inc, a biopharmaceutical company, discovers, develops, and commercializes next-generation therapeutics for diseases targeting unmet medical needs in the areas of central nervous system, respiratory, inflammatory, and cardiometabolic diseases. More about Reviva Pharmaceuticals

Market Capitalization
$54.67 million
P/E Ratio
-1.47
Consensus Rating
Buy
Consensus Price Target
$11.40 (+597.2% Upside)
Volume
120,599 shares
Average Volume
1.97 million shares
Rezolve AI stock logo

10. Rezolve AI NASDAQ:RZLV

$2.66 +0.09 (+3.29%)
As of 10:37 AM Eastern
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Rezolve Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. More about Rezolve AI

Market Capitalization
$460.58 million
Consensus Rating
Buy
Consensus Price Target
$6.40 (+140.2% Upside)
Volume
1.51 million shares
Average Volume
7.97 million shares
Today's Range
$2.63
$2.73
Immunic stock logo

11. Immunic NASDAQ:IMUX

$1.34 +0.17 (+13.98%)
As of 10:37 AM Eastern
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Immunic, Inc, a biotechnology company, develops a pipeline of selective oral immunology therapies for the treatment of chronic inflammatory and autoimmune diseases in the United States and Germany. More about Immunic

Market Capitalization
$121.16 million
P/E Ratio
-1.09
Consensus Rating
Buy
Consensus Price Target
$12.67 (+841.8% Upside)
Volume
737,877 shares
Average Volume
956,226 shares
HIVE Digital Technologies stock logo

12. HIVE Digital Technologies NASDAQ:HIVE

$2.65 -0.04 (-1.64%)
As of 10:37 AM Eastern
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HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. More about HIVE Digital Technologies

Market Capitalization
$415.80 million
P/E Ratio
-53.10
Consensus Rating
Buy
Consensus Price Target
$8.08 (+205.5% Upside)
Volume
1.75 million shares
Average Volume
10.14 million shares
Western Copper & Gold stock logo

13. Western Copper & Gold NYSE:WRN

$1.03 -0.02 (-1.90%)
As of 10:18 AM Eastern

Western Copper & Gold Corp. operates as an exploration stage company, which engages in the acquisition, exploration, and future development of mineral resource properties. More about Western Copper & Gold

Market Capitalization
$204.34 million
P/E Ratio
-51.50
Consensus Rating
Buy
Consensus Price Target
$4.25 (+312.6% Upside)
Volume
67,177 shares
Average Volume
311,945 shares
Gain Therapeutics stock logo

14. Gain Therapeutics NASDAQ:GANX

$2.30 -0.05 (-1.92%)
As of 10:37 AM Eastern
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Gain Therapeutics, Inc, a biotechnology company, develops novel small molecule therapeutics to treat diseases across various therapeutic areas. More about Gain Therapeutics

Market Capitalization
$60.89 million
P/E Ratio
-2.09
Consensus Rating
Buy
Consensus Price Target
$7.25 (+215.9% Upside)
Volume
12,710 shares
Average Volume
214,409 shares
PMV Pharmaceuticals stock logo

15. PMV Pharmaceuticals NASDAQ:PMVP

$1.42 +0.01 (+0.35%)
As of 10:35 AM Eastern
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PMV Pharmaceuticals, Inc, a precision oncology company, engages in the discovery and development of small molecule and tumor-agnostic therapies for p53 mutations in cancer. More about PMV Pharmaceuticals

Market Capitalization
$73.74 million
P/E Ratio
-1.43
Consensus Rating
Buy
Consensus Price Target
$5.50 (+286.0% Upside)
Volume
44,666 shares
Average Volume
142,104 shares
Lucid Diagnostics stock logo

16. Lucid Diagnostics NASDAQ:LUCD

$1.55 +0.06 (+4.03%)
As of 10:37 AM Eastern
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Lucid Diagnostics Inc operates as a commercial-stage medical diagnostics technology company in the United States. The company focuses on patients with gastroesophageal reflux disease (GERD) who are at risk of developing esophageal precancer and cancer, primarily highly lethal esophageal adenocarcinoma. More about Lucid Diagnostics

Market Capitalization
$91.98 million
P/E Ratio
-1.36
Consensus Rating
Buy
Consensus Price Target
$3.63 (+133.9% Upside)
Volume
86,934 shares
Average Volume
468,225 shares
Invivyd stock logo

17. Invivyd NASDAQ:IVVD

$1.48 +0.27 (+22.07%)
As of 10:37 AM Eastern
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Invivyd, Inc, a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of antibody-based solutions for infectious diseases in the United States. More about Invivyd

Market Capitalization
$174.41 million
P/E Ratio
-0.74
Consensus Rating
Buy
Consensus Price Target
$7.89 (+434.0% Upside)
Volume
4.47 million shares
Average Volume
24.23 million shares
FibroBiologics stock logo

18. FibroBiologics NASDAQ:FBLG

$1.14 -0.10 (-7.66%)
As of 10:37 AM Eastern
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FibroBiologics, Inc operates as a cell therapy, regenerative medicine company. It is developing a pipeline of treatments and potential cures for chronic diseases using fibroblast cells and fibroblast-derived materials. More about FibroBiologics

Market Capitalization
$41.69 million
Consensus Rating
Buy
Consensus Price Target
$13.00 (+1,035.4% Upside)
Volume
65,611 shares
Average Volume
375,646 shares
Today's Range
$1.18
$1.25
New Gold stock logo

19. New Gold NYSE:NGD

$2.83 -0.18 (-5.95%)
As of 10:37 AM Eastern
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New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. More about New Gold

Market Capitalization
$2.23 billion
P/E Ratio
21.73
Consensus Rating
Buy
Consensus Price Target
$3.60 (+27.2% Upside)
Volume
2.29 million shares
Average Volume
12.22 million shares
Electrovaya stock logo

20. Electrovaya NASDAQ:ELVA

$2.36 -0.03 (-1.21%)
As of 10:17 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Electrovaya Inc engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. More about Electrovaya

Market Capitalization
$94.65 million
P/E Ratio
-59.03
Consensus Rating
Buy
Consensus Price Target
$6.10 (+158.4% Upside)
Volume
7,032 shares
Average Volume
80,377 shares
Rani Therapeutics stock logo

21. Rani Therapeutics NASDAQ:RANI

$1.70 -0.04 (-2.02%)
As of 10:37 AM Eastern
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Rani Therapeutics Holdings, Inc operates as a clinical stage biotherapeutics company that develops orally administered biologics for patients, physicians, and healthcare systems in the United States. More about Rani Therapeutics

Market Capitalization
$97.11 million
P/E Ratio
-1.60
Consensus Rating
Buy
Consensus Price Target
$12.33 (+627.6% Upside)
Volume
46,684 shares
Average Volume
1.45 million shares
ProQR Therapeutics stock logo

22. ProQR Therapeutics NASDAQ:PRQR

$2.59 +0.01 (+0.39%)
As of 10:37 AM Eastern
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ProQR Therapeutics N.V., a biotechnology company, focuses on the discovery and development of novel therapeutic medicines. More about ProQR Therapeutics

Market Capitalization
$211.55 million
P/E Ratio
-8.09
Consensus Rating
Buy
Consensus Price Target
$8.83 (+241.1% Upside)
Volume
21,889 shares
Average Volume
309,293 shares
Context Therapeutics stock logo

23. Context Therapeutics NASDAQ:CNTX

$0.80 +0.01 (+1.65%)
As of 10:27 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Context Therapeutics Inc, a biopharmaceutical company, develops products for the treatment of solid tumors. Its lead program candidate is CTIM-76, an anti-Claudin 6 (CLDN6) x anti-CD3 bispecific antibody that is intended to redirect T-cell-mediated lysis toward malignant cells expressing CLDN6. More about Context Therapeutics

Market Capitalization
$60.23 million
P/E Ratio
-0.88
Consensus Rating
Buy
Consensus Price Target
$6.33 (+688.7% Upside)
Volume
12,120 shares
Average Volume
217,647 shares
Prime Medicine stock logo

24. Prime Medicine NYSE:PRME

$2.99 -0.14 (-4.60%)
As of 10:37 AM Eastern
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Prime Medicine, Inc, a biotechnology company, delivers genetic therapies to address the spectrum of diseases by deploying gene editing technology. More about Prime Medicine

Market Capitalization
$391.64 million
P/E Ratio
-1.46
Consensus Rating
Buy
Consensus Price Target
$13.13 (+339.6% Upside)
Volume
119,527 shares
Average Volume
943,864 shares
Geron stock logo

25. Geron NASDAQ:GERN

$2.56 -0.07 (-2.47%)
As of 10:37 AM Eastern
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Geron Corporation, a late-stage clinical biopharmaceutical company, focuses on the development and commercialization of therapeutics for myeloid hematologic malignancies. More about Geron

Market Capitalization
$1.56 billion
P/E Ratio
-8.05
Consensus Rating
Buy
Consensus Price Target
$6.91 (+169.4% Upside)
Volume
1.50 million shares
Average Volume
11.56 million shares