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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. These stocks are also showing signs for solid growth in 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).
Emcore is a provider of compound semiconductor-based products for the broadband, fiber optic, satellite, and terrestrial solar power markets. After ending 2016 with a month that saw the stock gain over 30%, the company is looking to continue its momentum in 2017. Right now, our consensus estimates for the year would represent sales growth of 8.11% and EPS growth of 14.71%.
Intevac is a supplier of static sputtering systems and related manufacturing equipment used to manufacture thin-film disks for computer hard disk drives. This stock gained nearly 82% in 2016, and its projected growth metrics suggest that it continue climbing this year. Our current consensus estimates would represent sales growth of 27.00% and earnings growth of 103.91%. In fact, Intevac is projected to post an annual profit in 2017.
3. MiX Telematics
Prior Close: $7.59
MiX Telematics provides fleet and mobile asset management solutions. It offers vehicle tracking services for the consumer and commercial vehicle market worldwide. MiX’s current fiscal year will be complete in March, and for the fourth quarter we expect to see sales growth of 11.88% and EPS growth of 29.17%. In the next fiscal quarter, EPS growth is expected to increase to 75% as sales growth will remain near 11%. With shares up almost 100% over the last 52 weeks, MiX is on the cusp of breaking into a new range.
Ceragon Networks is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Our current consensus estimates for the quarter ending in December would reflect EPS growth of 125% and sales growth of 6.17%. Next quarter we expect the company to post sales growth of over 21%. In fact, Ceragon recently announced that it received over $60 million in orders from a mobile operator in India. Now feels like a good time to get in on CRNT before it totally takes off.
HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, as well as metal processing facilities. Hudbay’s most impressive sign has to be its current cash flow growth of over 164%; this significantly outperforms the industry average. Current estimates also project sales growth of nearly 20%.
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, and sales and earnings growth projections can prove to be tough to live up to. Nevertheless, 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!
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like a sneak peek at the stocks Zacks experts recommend? Starting today, for the next month, you can follow all of Zacks' private buys and sells in real time. You can track value and momentum stocks, ETFs, stocks under $10, options moves, insider trades, and stocks set to report positive earnings surprises (we've called them with 80%+ accuracy). Click here for all Zacks trades >>
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5 of the Best Stocks Under $10 for 2017
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. These stocks are also showing signs for solid growth in 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).
1. EMCORE Corporation (EMKR - Free Report)
Prior Close: $9.15
Emcore is a provider of compound semiconductor-based products for the broadband, fiber optic, satellite, and terrestrial solar power markets. After ending 2016 with a month that saw the stock gain over 30%, the company is looking to continue its momentum in 2017. Right now, our consensus estimates for the year would represent sales growth of 8.11% and EPS growth of 14.71%.
2. Intevac, Inc. (IVAC - Free Report)
Prior Close: $9.20
Intevac is a supplier of static sputtering systems and related manufacturing equipment used to manufacture thin-film disks for computer hard disk drives. This stock gained nearly 82% in 2016, and its projected growth metrics suggest that it continue climbing this year. Our current consensus estimates would represent sales growth of 27.00% and earnings growth of 103.91%. In fact, Intevac is projected to post an annual profit in 2017.
3. MiX Telematics
Prior Close: $7.59
MiX Telematics provides fleet and mobile asset management solutions. It offers vehicle tracking services for the consumer and commercial vehicle market worldwide. MiX’s current fiscal year will be complete in March, and for the fourth quarter we expect to see sales growth of 11.88% and EPS growth of 29.17%. In the next fiscal quarter, EPS growth is expected to increase to 75% as sales growth will remain near 11%. With shares up almost 100% over the last 52 weeks, MiX is on the cusp of breaking into a new range.
4. Ceragon Networks (CRNT - Free Report)
Prior Close: $3.64
Ceragon Networks is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Our current consensus estimates for the quarter ending in December would reflect EPS growth of 125% and sales growth of 6.17%. Next quarter we expect the company to post sales growth of over 21%. In fact, Ceragon recently announced that it received over $60 million in orders from a mobile operator in India. Now feels like a good time to get in on CRNT before it totally takes off.
5. Hudbay Minerals (HBM - Free Report)
Prior Close: $8.05
HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, as well as metal processing facilities. Hudbay’s most impressive sign has to be its current cash flow growth of over 164%; this significantly outperforms the industry average. Current estimates also project sales growth of nearly 20%.
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, and sales and earnings growth projections can prove to be tough to live up to. Nevertheless, 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!
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like a sneak peek at the stocks Zacks experts recommend? Starting today, for the next month, you can follow all of Zacks' private buys and sells in real time. You can track value and momentum stocks, ETFs, stocks under $10, options moves, insider trades, and stocks set to report positive earnings surprises (we've called them with 80%+ accuracy). Click here for all Zacks trades >>