The S&P 500 (SNPINDEX: ^GSPC ) has been hitting record highs lately, leading some to wonder whether the stock market is overpriced. Yet when you look at certain stocks within the S&P, you'll notice a few with very low share prices, making it seem like perhaps they're a better deal.
By itself, share price can't tell you how much a company is worth, as you also have to look at the number of shares that are outstanding. For instance, Bank of America has a relatively low share price of around $13, which is just a fraction of most of its big-bank peers. Yet B of A has far more outstanding shares than most of its peers, putting its overall market cap much closer to its rivals' figures.
Even with that caveat, low share prices can indicate that a stock hasn't performed to its full potential. So with that in mind, let's take a closer look at the four stocks in the S&P that have the cheapest shares.
Best Cheapest Companies To Watch For 2014: Zogenix Inc (ZGNX)
Zogenix, Inc. (Zogenix), incorporated on May 11, 2006, is a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain. The Company�� product Sumavel DosePro offers needle-free subcutaneous administration of sumatriptan for the treatment of migraine and cluster headache in a pre-filled, single-use delivery system. Its lead product candidate, Zohydro (hydrocodone bitartrate, formerly ZX002) is a 12-hour extended-release formulation of hydrocodone without acetaminophen for the treatment of chronic pain requiring opioid therapy. It completed Phase 3 development of Zohydro in 2011. Its second DosePro investigational product candidate, Relday, is a injectable formulation of risperidone for the treatment of schizophrenia. Sumavel DosePro and Zohydro are used for the treatment options available to patients and physicians in the United States. Sumavel DosePro may serve as a treatment alternative to oral and nasal triptans and offers administration when compared to traditional, needle-based sumatriptan injection. In May, 2012, it submitted a New Drug Application to the Food and Drug Administration (FDA).
The Company�� collaboration with Astellas has been terminated on March 31, 2012. Sumavel DosePro is a pre-filled, single-use disposable, needle-free drug delivery system that subcutaneously delivers 6 mg of sumatriptan in 0.5 mL of sterile liquid. Sumavel DosePro is designed to be portable, intuitive and easy-to-use. To use, the patient simply snaps off a plastic tip, flips back a lever and presses the end of the delivery system to the skin of the abdomen or thigh. Under the force of a small amount of compressed nitrogen gas, the liquid form of sumatriptan is expelled out of the device as a thin jet of medication, which pierces the skin and selectively deposits into the subcutaneous tissue.
Zogenix competes with GlaxoSmithKline, AstraZeneca PLC, Endo Pharmaceuticals Holdings Inc., Johnson & Johnson, Merck & Co., ! Inc., Pfizer Inc., Alexza Pharmaceuticals, Inc., MAP Pharmaceuticals, Inc., Abbott Laboratories, Alpharma Inc., Endo Pharmaceuticals Holdings Inc., King Pharmaceuticals, Inc., Mallinckrodt Inc., Purdue Pharma L.P., Teva Pharmaceutical Industries Limited, Watson Pharmaceuticals, Inc., Becton, Dickinson and Company, Owen Mumford Ltd., Ypsomed, Sandoz Inc., Bioject Inc. and Antares Pharma Inc.
Best Cheapest Companies To Watch For 2014: Dixons Grp (DXNS.L)
Dixons Group � nothing but high tech The British leader in electronic and electrical equipment distribution, the Dixons Group, with its 1, 250 stores is split into several specialized chains. Dixons sells electrical appliances, computers and sound and video equipment in over 320 stores in Britain and Ireland. Currys, with 400 stores, sells household appliances and a variety of electronic equipment. PC World sells computers to ordinary customers (80 stores), while PC World Business sells to professionals. Portmaster is the repair champion and also sells accessories and parts for electrical equipment. The Link (290 stores) specializes in mobile telephony. PC Service Call and Mastercare offer a whole range of services � after sales and technical support. The Group is also well established in Europe. Elkjob (electronic equipment) in Scandinavia, Ei System (computer reseller) in Spain and Portugal and Kotsovolos (electrical equipment) in Greece and more recently UniEuro (dist ributor), whose takeover in October 2002 allows the group to position itself as the second biggest on the Italian market. The Dixons Group always sets its sights on the future and has moved into e-commerce (each of its chains has an on-line sales site) and into Internet services. Its stores supply Freeserve software, one the main British Internet portals, and it owns 9% of Wanadoo's capital (leading French Internet access provider), in exchange for Wanadoo's 79% holding in Freeserve, sold in February 2001.
Hot Value Companies To Watch In Right Now: Great Southern Bancorp Inc.(GSBC)
Great Southern Bancorp, Inc. operates as the bank holding company for Great Southern Bank that offers various banking products and services in Missouri, Iowa, Kansas, Nebraska, and Arkansas. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed-interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts. The company?s loan portfolio comprises residential and commercial real estate loans, construction loans, and commercial business loans, as well as secured consumer loans, including automobile loans, boat loans, home equity loans, loans secured by savings deposits, home improvement loans, guaranteed student loans, and unsecured consumer loans. It also offers general property, casualty, and life insurance agency services; personal, commercial, and group travel services; and investment and related services. As of April 26, 2011, it operated 75 banking c enters and approximately 200 automated teller machines. The company was founded in 1923 and is headquartered in Springfield, Missouri.
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