Discover the top affordable stocks to watch in 2021, including NexGen Energy, Zovio, Exela Technologies, and more. These low-cost stocks offer high growth potential but come with significant risks. Learn about their market positions, recent performance, and future prospects for informed investing decisions.

2021's Best Budget-Friendly Stocks to Watch

Stocks priced below $5 per share are often linked to smaller enterprises with high growth potential. However, these stocks usually face low liquidity due to limited market interest, making it difficult for investors to exit positions at desired prices. Investing in such stocks can yield significant returns but also entails high risks.
Below are five prominent penny stocks to monitor in 2021:

NexGen Energy Ltd.
This Canadian uranium exploration company experienced a 271% surge in its share value over the past year, making it one of the top low-cost stocks of 2021.

While NexGen is involved in various uranium projects, its main focus remains the Rook I project in Saskatchewan, covering 32 mineral claims.

Zovio Inc. (ZVO)
Initially reaching $7 earlier this year, Zovio faced a decline due to looming uncertainties and decreasing revenues. Despite this, its solid financials and emphasis on coding bootcamps position it for potential recovery. The stock has risen 22% since May.

Exela Technologies
Headquartered in Texas, Exela provides extensive transaction processing and data management solutions. Currently priced at $1.60, increasing automation needs across industries support Exela’s growth prospects, making it a notable low-priced stock in 2021.

As companies seek greater operational efficiency, the demand for automation and process management services boosts Exela’s appeal among affordable stocks.

National Asset Recovery Corp
This firm specializes in repossessing vehicles and high-value assets like aircraft, boats, and heavy machinery. While it operates on a limited scale and explores various ventures, it remains a momentum-driven penny stock without an official digital platform.

TD Holdings Inc.
Among the penny stocks to watch in 2021, this Chinese holding company focuses on commodity trading and logistics, especially in non-ferrous metals such as gold, silver, zinc, and copper.