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Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.
That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.
Today we’ve highlighted five stocks that are currently trading for under $10 per share. All of these stocks currently have a Zacks Rank #1 (Strong Buy), and a variety of other factors make these companies stand out as having strong upside potential.
1. Ocean Rig UDW Inc.
Previous Close: $2.53
Ocean Rig UDW is a provider of offshore drilling services to the oil and gas exploration, development, and production industry. Benefitting from a recent surge in the oil industry, Ocean Rig has seen three positive estimate revisions for its full-year earnings within the last 60 days. The company carries a VGM score of “A,” boosted by a Value grade of “A” and a Forward P/E of just 0.93. The stock has gained nearly 43% on the year and Ocean Rig has surpassed the Zacks Consensus Estimate by an average of 61% over the trailing four quarters.
Commercial Vehicle group provides interior systems, vision safety solutions, and other services to the commercial vehicle industry. Our consensus estimate for the company’s current quarter earnings has increased by four cents over the past 90 days, and CVGI is coming off of an earnings beat of over 200% last quarter. The stock has gained nearly 65% on the year and holds a VGM score of “A.”
3. EP Energy Corp.
Previous Close: $4.24
EP Energy is a developer of unconventional onshore oil and natural gas. Another beneficiary of the recent momentum of oil, EP Energy has seen its consensus earnings estimate increase by 22 cents over the past 90 days. The company currently has an Earnings ESP of 5.26%, meaning it is more likely to beat expectations on its next earnings report. The stock has a VGM score of “A” and is seen as a viable momentum pick right now.
Casella Waste Systems is a regional provider of solid waste services that operates primarily in the eastern portion of the United States and parts of Canada. The company currently has an Earnings ESP of 20% and expects to see earnings growth of 91% this year. Furthermore, Casella Waste is on track for cash flow growth of nearly 350%, and the stock currently holds a VGM score of “A.”
SABESP provides public water and sewage services to residential, commercial, industrial and governmental customers in the City of Sao Paulo, Brazil. While Rio will benefit the most from this year’s Summer Olympics, Sao Paulo should get increased traffic as it will be hosting a few events too. This company has a VGM score of “A,” a P/E ratio of 12.72, and has seen one positive earnings estimate revision within the past 60 days.
Bottom Line
A stock’s market price is certainly not the most important factor to consider when considering whether or not to add it to your portfolio. Regardless of share price, we can use Zacks’ proven methods of finding quality stocks, and these five companies just happen to be showing strength while also trading for under $10 per share. If you would like to check out more of these low-priced stocks, look no further than our Stocks Under $10 portfolio service!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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5 of the Best Stocks Under $10
Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.
That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.
Today we’ve highlighted five stocks that are currently trading for under $10 per share. All of these stocks currently have a Zacks Rank #1 (Strong Buy), and a variety of other factors make these companies stand out as having strong upside potential.
1. Ocean Rig UDW Inc.
Previous Close: $2.53
Ocean Rig UDW is a provider of offshore drilling services to the oil and gas exploration, development, and production industry. Benefitting from a recent surge in the oil industry, Ocean Rig has seen three positive estimate revisions for its full-year earnings within the last 60 days. The company carries a VGM score of “A,” boosted by a Value grade of “A” and a Forward P/E of just 0.93. The stock has gained nearly 43% on the year and Ocean Rig has surpassed the Zacks Consensus Estimate by an average of 61% over the trailing four quarters.
2. Commercial Vehicle Group (CVGI - Free Report)
Previous Close: $4.22
Commercial Vehicle group provides interior systems, vision safety solutions, and other services to the commercial vehicle industry. Our consensus estimate for the company’s current quarter earnings has increased by four cents over the past 90 days, and CVGI is coming off of an earnings beat of over 200% last quarter. The stock has gained nearly 65% on the year and holds a VGM score of “A.”
3. EP Energy Corp.
Previous Close: $4.24
EP Energy is a developer of unconventional onshore oil and natural gas. Another beneficiary of the recent momentum of oil, EP Energy has seen its consensus earnings estimate increase by 22 cents over the past 90 days. The company currently has an Earnings ESP of 5.26%, meaning it is more likely to beat expectations on its next earnings report. The stock has a VGM score of “A” and is seen as a viable momentum pick right now.
4. Casella Waste Systems (CWST - Free Report)
Previous Close: $8.43
Casella Waste Systems is a regional provider of solid waste services that operates primarily in the eastern portion of the United States and parts of Canada. The company currently has an Earnings ESP of 20% and expects to see earnings growth of 91% this year. Furthermore, Casella Waste is on track for cash flow growth of nearly 350%, and the stock currently holds a VGM score of “A.”
5. SABESP (SBS - Free Report)
Previous Close: $9.03
SABESP provides public water and sewage services to residential, commercial, industrial and governmental customers in the City of Sao Paulo, Brazil. While Rio will benefit the most from this year’s Summer Olympics, Sao Paulo should get increased traffic as it will be hosting a few events too. This company has a VGM score of “A,” a P/E ratio of 12.72, and has seen one positive earnings estimate revision within the past 60 days.
Bottom Line
A stock’s market price is certainly not the most important factor to consider when considering whether or not to add it to your portfolio. Regardless of share price, we can use Zacks’ proven methods of finding quality stocks, and these five companies just happen to be showing strength while also trading for under $10 per share. If you would like to check out more of these low-priced stocks, look no further than our Stocks Under $10 portfolio service!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>