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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. Aegean Marine Petroleum
Previous Close: $8.27
Aegean Marine Petroleum is a marina fuel logistics company that supplies refined fuel and lubricants to ships in port and at sea. The company has seen two positive estimate revisions for its full-year earnings in the last seven days, bringing the Zacks Consensus Estimate to $1.07 per share. That figure would represent earnings growth of neatly 20% on a year-over-year basis. Aegean is looking to continue its momentum after a 40% earnings beat last quarter, and it does have a positive Earnings ESP of 7.41% right now.
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 gone up by two cents over the past 30 days, which highlights the positive revision activity CVGI has seen. Commercial Vehicle Group is also riding the wave of back-to-back triple digit percentage point earnings beats, and the stock is sporting a VGM score of “A.”
3. Hallador Energy
Previous Close: $5.90
Hallador Energy Company is engaged in the production of steam coal, with its primary operating property being the Carlisle underground coal mine located in western Indiana. Last quarter, Hallador posted a surprise profit and smashed the Zacks Consensus Estimate by 21 cents. The stock has a VGM score of “A” and its current-quarter Zacks Consensus Estimate has gone up by six cents in just the last seven days.
ArcelorMittal is the one of the world’s leading steel and mining companies. In the past 30 days, we have seen two positive earnings estimate revisions for ArcelorMittal, which has brought the Zacks Consensus Estimate up by 26 cents in that same timeframe. The company beat earnings expectations by a shocking 375% last quarter, and it also has a VGM score of “A” right now.
5. Datalink Corporation
Previous Close: $9.96
Datalink Corporation is an information storage developer. We have seen one positive revision for the company over the past 30 days, which has raised the Zacks Consensus Estimate by two cents. Datalink is also hoping to post another massive earnings beat after smashing our estimate by 260% last quarter. Once again, Datalink is another stock with a VGM score of “A.”
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!
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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. Aegean Marine Petroleum
Previous Close: $8.27
Aegean Marine Petroleum is a marina fuel logistics company that supplies refined fuel and lubricants to ships in port and at sea. The company has seen two positive estimate revisions for its full-year earnings in the last seven days, bringing the Zacks Consensus Estimate to $1.07 per share. That figure would represent earnings growth of neatly 20% on a year-over-year basis. Aegean is looking to continue its momentum after a 40% earnings beat last quarter, and it does have a positive Earnings ESP of 7.41% right now.
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 gone up by two cents over the past 30 days, which highlights the positive revision activity CVGI has seen. Commercial Vehicle Group is also riding the wave of back-to-back triple digit percentage point earnings beats, and the stock is sporting a VGM score of “A.”
3. Hallador Energy
Previous Close: $5.90
Hallador Energy Company is engaged in the production of steam coal, with its primary operating property being the Carlisle underground coal mine located in western Indiana. Last quarter, Hallador posted a surprise profit and smashed the Zacks Consensus Estimate by 21 cents. The stock has a VGM score of “A” and its current-quarter Zacks Consensus Estimate has gone up by six cents in just the last seven days.
4. ArcelorMittal (MT - Free Report)
Previous Close: $6.02
ArcelorMittal is the one of the world’s leading steel and mining companies. In the past 30 days, we have seen two positive earnings estimate revisions for ArcelorMittal, which has brought the Zacks Consensus Estimate up by 26 cents in that same timeframe. The company beat earnings expectations by a shocking 375% last quarter, and it also has a VGM score of “A” right now.
5. Datalink Corporation
Previous Close: $9.96
Datalink Corporation is an information storage developer. We have seen one positive revision for the company over the past 30 days, which has raised the Zacks Consensus Estimate by two cents. Datalink is also hoping to post another massive earnings beat after smashing our estimate by 260% last quarter. Once again, Datalink is another stock with a VGM score of “A.”
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!