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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 #2 (Buy) or better ranking.
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. Based on current estimates, Intevac is expected to post triple-digit EPS growth in the current quarter and full fiscal year. Our consensus revenue estimates also point to sales growth of nearly 28% this year. On top of its solid growth metrics, Intevac also has an “A” grade for Momentum.
Amerigo Resources is engaged in producing and selling copper and molybdenum concentrates, primarily in Chile. In just the past 30 days, the Zacks Consensus Estimate for Amerigo’s full-year earnings has gained eight cents. Current estimates now call for full-year EPS of $0.09, which would represent growth of 325% from last year’s loss of four cents per share. The stock has gained over 20% in the past week and seems to be on the cusp of breaking into a new range. It also currently has “A” grades for Growth, Momentum, Value, and VGM.
Ceragon Networks is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. While estimates are slightly down for the current quarter, we have seen two positive revisions for the company’s full-year earnings. Our current Zacks Consensus Estimate would represent EPS growth of 21.43%, and our consensus revenue estimate calls for sales growth of 13.33% this year. It is also worth noting that Ceragon has been on an impressive earnings run recently, surpassing the Zacks Consensus Estimate by an average of nearly 120% in each of the trailing four quarters.
Ultra Petroleum is an exploration and production company focused on developing its long life natural gas reserves in the Green River Basin and its oil reserves in Bohai Bay. The company’s most recent estimates are interesting across the board, but the real story for Ultra Petroleum is its sales growth. Our current consensus estimate would represent revenue growth of 55.71% this year. With an “A” grade for Value, the company also looks like a solid option for more value-minded investors.
5. MiX Telematics ) – Zacks Rank #2 (Buy)
Prior Close: $7.04
MiX Telematics provides fleet and mobile asset management solutions. It offers vehicle tracking services for the consumer and commercial vehicle market worldwide. The company’s current fiscal year ends in March, but we are already starting to see positive revisions for MiX’s next quarter and next year earnings. Current estimates now call for 25% EPS growth in the upcoming year. With shares up almost 100% over the last 52 weeks, the company really looks like it could break into a new range in 2017.
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!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
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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 #2 (Buy) or better ranking.
1. Intevac, Inc. (IVAC - Free Report) ) – Zacks Rank #2 (Buy)
Prior Close: $10.60
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. Based on current estimates, Intevac is expected to post triple-digit EPS growth in the current quarter and full fiscal year. Our consensus revenue estimates also point to sales growth of nearly 28% this year. On top of its solid growth metrics, Intevac also has an “A” grade for Momentum.
2. Amerigo Resources (ARREF - Free Report) ) – Zacks Rank #1 (Strong Buy)
Prior Close: $0.47
Amerigo Resources is engaged in producing and selling copper and molybdenum concentrates, primarily in Chile. In just the past 30 days, the Zacks Consensus Estimate for Amerigo’s full-year earnings has gained eight cents. Current estimates now call for full-year EPS of $0.09, which would represent growth of 325% from last year’s loss of four cents per share. The stock has gained over 20% in the past week and seems to be on the cusp of breaking into a new range. It also currently has “A” grades for Growth, Momentum, Value, and VGM.
3. Ceragon Networks (CRNT - Free Report) ) – Zacks Rank #2 (Buy)
Prior Close: $3.74
Ceragon Networks is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. While estimates are slightly down for the current quarter, we have seen two positive revisions for the company’s full-year earnings. Our current Zacks Consensus Estimate would represent EPS growth of 21.43%, and our consensus revenue estimate calls for sales growth of 13.33% this year. It is also worth noting that Ceragon has been on an impressive earnings run recently, surpassing the Zacks Consensus Estimate by an average of nearly 120% in each of the trailing four quarters.
4. Ultra Petroleum Corp. ) – Zacks Rank #1 (Strong Buy)
Prior Close: $7.31
Ultra Petroleum is an exploration and production company focused on developing its long life natural gas reserves in the Green River Basin and its oil reserves in Bohai Bay. The company’s most recent estimates are interesting across the board, but the real story for Ultra Petroleum is its sales growth. Our current consensus estimate would represent revenue growth of 55.71% this year. With an “A” grade for Value, the company also looks like a solid option for more value-minded investors.
5. MiX Telematics ) – Zacks Rank #2 (Buy)
Prior Close: $7.04
MiX Telematics provides fleet and mobile asset management solutions. It offers vehicle tracking services for the consumer and commercial vehicle market worldwide. The company’s current fiscal year ends in March, but we are already starting to see positive revisions for MiX’s next quarter and next year earnings. Current estimates now call for 25% EPS growth in the upcoming year. With shares up almost 100% over the last 52 weeks, the company really looks like it could break into a new range in 2017.
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!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>