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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 throughout 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).
Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market. With one positive estimate revision in the past 30 days helping move its Zacks Consensus Estimate higher, we now expect CVGI to post earnings growth of 52% this year. This trend is expected to continue into the next fiscal year, wherein our current consensus estimate calls for EPS growth of 73%. Also, the company’s strong earnings surprise history should make investors feel more confident heading into its report next week.
2. XG Technology
Prior Close: $2.16
xG Technology is engaged in developing communications technologies for wireless networks. Its products include xMax system, an end-to-end Internet protocol (IP) network solution. This has been—and will continue to be—a year of aggressive earnings and revenue growth for xG. According to our current consensus estimates, the company is poised to post full-year revenue growth of over 700% and full-year EPS growth of over 100%. So far, the stock has soared more than 60% year-to-date, but if its shocking growth continues, this stock should keep going even higher.
3. ZAGG Inc.
Prior Close: $8.85
ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG just smashed the Zacks Consensus Estimate by 20% in its most recent report, and now the company is looking to ride that momentum into the new quarter. Its full-year estimate for earnings has gained three cents in the past week, and now we expect EPS growth of 172% and sales growth of 21%. The stock also looks to be fundamentally sound, as its sporting “B” grades in all of our Style Scores categories, including the overall VGM category.
4. Intelsat S.A.
Prior Close: $3.47
Intelsat offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services. Intelsat is at the head of a Satellite and Communication industry that currently sits in the top 12% of the Zacks Industry Rank, and the stock has been moving higher after the company beat our earnings expectations be nearly 40% recently. On top of this, Intelsat sports an “A” grade for Value, which is underscored by its shockingly low P/S ratio and impressive PEG ratio, meaning it is a rare low-priced value pick.
Based in Japan, Mazda Motor Corp. engages in the manufacture and sale of passenger cars, commercial vehicles and automotive parts. Mazda also has an “A” grade for Value, which has been boosted by its P/E ratio of 8.14 and its P/B ratio of 0.95. Additionally, the company’s full-year and next-year earnings estimates have been moving higher recently, and that positive sentiment has helped the stock gain more than 6% this month. That’s not to mention that Mazda falls into the strong Foreign Automotive industry, which currently sits in the top 2% of the Zacks Industry Rank.
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 always 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 more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Now for Our Private Stocks Under $10
Would you like to see Zacks' Stocks Under $10 portfolio that is not available to the general public? Starting today, for the next 30 days, you are invited to follow that portfolio – plus all our other private buys and sells in real time.
See it all: From value buys and momentum stocks to insider trades and ETFs. From options moves and long-term holds to short term stocks that are about to report positive earnings surprises—which we’ve called with 80% accuracy. Click now 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 throughout 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).
1. Commercial Vehicle Group (CVGI - Free Report)
Prior Close: $8.84
Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market. With one positive estimate revision in the past 30 days helping move its Zacks Consensus Estimate higher, we now expect CVGI to post earnings growth of 52% this year. This trend is expected to continue into the next fiscal year, wherein our current consensus estimate calls for EPS growth of 73%. Also, the company’s strong earnings surprise history should make investors feel more confident heading into its report next week.
2. XG Technology
Prior Close: $2.16
xG Technology is engaged in developing communications technologies for wireless networks. Its products include xMax system, an end-to-end Internet protocol (IP) network solution. This has been—and will continue to be—a year of aggressive earnings and revenue growth for xG. According to our current consensus estimates, the company is poised to post full-year revenue growth of over 700% and full-year EPS growth of over 100%. So far, the stock has soared more than 60% year-to-date, but if its shocking growth continues, this stock should keep going even higher.
3. ZAGG Inc.
Prior Close: $8.85
ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG just smashed the Zacks Consensus Estimate by 20% in its most recent report, and now the company is looking to ride that momentum into the new quarter. Its full-year estimate for earnings has gained three cents in the past week, and now we expect EPS growth of 172% and sales growth of 21%. The stock also looks to be fundamentally sound, as its sporting “B” grades in all of our Style Scores categories, including the overall VGM category.
4. Intelsat S.A.
Prior Close: $3.47
Intelsat offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services. Intelsat is at the head of a Satellite and Communication industry that currently sits in the top 12% of the Zacks Industry Rank, and the stock has been moving higher after the company beat our earnings expectations be nearly 40% recently. On top of this, Intelsat sports an “A” grade for Value, which is underscored by its shockingly low P/S ratio and impressive PEG ratio, meaning it is a rare low-priced value pick.
5. Mazda Motor Corp. (MZDAY - Free Report)
Prior Close: $7.48
Based in Japan, Mazda Motor Corp. engages in the manufacture and sale of passenger cars, commercial vehicles and automotive parts. Mazda also has an “A” grade for Value, which has been boosted by its P/E ratio of 8.14 and its P/B ratio of 0.95. Additionally, the company’s full-year and next-year earnings estimates have been moving higher recently, and that positive sentiment has helped the stock gain more than 6% this month. That’s not to mention that Mazda falls into the strong Foreign Automotive industry, which currently sits in the top 2% of the Zacks Industry Rank.
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 always 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 more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Now for Our Private Stocks Under $10
Would you like to see Zacks' Stocks Under $10 portfolio that is not available to the general public? Starting today, for the next 30 days, you are invited to follow that portfolio – plus all our other private buys and sells in real time.
See it all: From value buys and momentum stocks to insider trades and ETFs. From options moves and long-term holds to short term stocks that are about to report positive earnings surprises—which we’ve called with 80% accuracy. Click now for all Zacks trades >>