In a world that's focused on bargain prices, it's easy to understand why many investors gravitate toward low-priced stocks. But on its own, the price of a stock means nothing, because it's up to the company how many shares it has outstanding. If you look only at a stock's price, you'll miss out on other key information, including some warning signs that could steer you away from dangerous investments.Some low-priced stocks have opportunities to regain lost ground, while others are still on an ascent after a quick start.