Stocks Under $10: Top 5 to Buy Now
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Investing is a perfect option for those looking to grow their money and build wealth over time. As new investors search for opportunities, they come across stocks like Apple, with prices well above $100 — or more.
These high prices can become a hindrance for many. The good news is that there are plenty of stocks that cost less than $10 to choose from.
Read: 5 things you need to do when your savings hit $50,000
Best stocks to buy under $10
Those looking for the best stocks under $10 should be prepared to do their research. Stocks under $10 typically represent smaller companies, leading to a bias among investors against low-priced stocks. Nevertheless, with a little research, it is possible to find pearls in this price range.
|Crescent Point Energy Corporation||New York Stock Exchange: GIC||$8.26|
|Nokia OYJ||NYSE: NOK||$4.37|
|RocketLab USA, Inc.||NASDAQ: RKLB||$5.18|
|Oatly AB Group||NASDAQ: OTLY||$2.04|
|Telefonaktiebolaget LM Ericsson ADR||NASDAQ: ERIC||$5.52|
1. Crescent Point Energy Corp. (NYSE: GIC)
Crescent Point Energy is the only stock on this list to post gains so far in 2022. The Canadian oil and gas exploration company benefited from an oil price boom. The rising price of oil dramatically increased the company’s revenue, allowing it to pay off its debt at a rapid pace. The company paid off $270 million in debt in the third quarter alone.
Analysts who cover the ticker love it. All three price the stock as “Buy” and the average price target is $10.45. This means there is room for a potential upside of around 26% to come.
2. Nokia OYJ (NYSE: NOK)
Nokia was once known for its mobile phones, but in 2014 it sold its mobile and devices division to Microsoft. Today, the company focuses on the development of network processors, routers and other equipment that supports the telecommunications infrastructure. Like others on this list, the stock has seen painful declines in 2022 due to macro concerns and bearish market conditions.
Nevertheless, analysts expect a strong recovery. Five out of six of them rate the stock as a “Buy”, with the last analyst rating it as a “Hold”. The consensus price target is $6.37, which is more than 40% higher than today’s price.
3. Rocket Lab USA Inc. (NASDAQ: RKLB)
Space has always been an interesting subject, and Rocket Lab USA strives to turn this subject into profit. The Company operates in the aerospace sector, offering launch services, satellite technology and other space-related products and services.
Five analysts rate the stock as a “buy”, while another rates it as a “short”. There are no “Hold” odds. The average price target is $10.00 per share, more than 90% higher than the current price.
4. Oatly AB Group – ADR (NASDAQ: OTLY)
Oatly Group is the largest oat beverage company in the world. Like others on this list and the market as a whole, the stock has fallen on hard times in 2022, falling more than 74% at the end of October, largely due to macroeconomic headwinds and supply chain issues. ‘supply.
The good news is that analysts are expecting a significant rebound. There are currently six analysts covering the stock, with three rating it as “Buy”, two rating it as “Hold” and one rating it as “Sell”. The average price target for all analysts is $4.74, which is around 130% higher than the current price.
5. Telefonaktiebolaget LM Ericsson ADR Class B (NASDAQ: ERIC)
For those willing to take a little risk, Ericsson stock is an unmissable opportunity. The company is a household name in telecommunications technology and infrastructure and is playing a major role in the shift to 5G compatibility.
On the other hand, the SEC and DOJ are currently investigating the company regarding corruption and fraud, adding to the risk of investing in stocks.
Analysts don’t seem too concerned about the case. Three of them rate it as “Buy”, four as “Hold” and none as “Sell”. The average price target is over 47% higher than today’s price at $8.15.
While the stocks above are some of the best to buy under $10, investors today don’t need to view stock prices as a barrier to entry. Many brokers offer fractional shares, allowing you to invest as little as $1 in stocks that cost hundreds of dollars. Consider buying fractional shares of larger, more established companies.
Buying stocks can raise a lot of questions, especially when investors are looking for the best stocks under $10. Here are answers to some common questions.
- What are the top 10 stocks right now?
- Every investor is unique and every portfolio is different, so the top 10 stocks for one investor to buy are likely different from the top 10 stocks for another investor. Investors should do their research and determine which stocks are best for them based on fundamental data and the correlation between the stocks and the rest of their portfolios.
- What are the best dividend stocks under $10?
- CPG is a compelling option. The company currently pays a dividend yield of 2.94%. In general, however, it can be difficult to find dividend stocks under $10.
- What to invest in with $10?
- There are several options to choose from for less than $10. With the introduction of fractional shares, investors can invest in just about any stock for $10 or less, regardless of that stock’s price. The possibilities are limitless.
Information is accurate as of November 4, 2022 and is subject to change.
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