At Zacks, we encourage investors to follow our proven stock-picking system, which places a great deal of emphasis on the importance of earnings estimates revisions in finding winning stocks. On top of that, we strive to cover stocks, big or small, that are making newsworthy moves.
With that said, we understand that low-priced stocks can often become eye-catching investments for many investors. One group of stocks that investors tend to pay particular attention to are those currently trading for $10 per share or less.
These stocks give retail investors the opportunity to buy a substantial position in a firm. However, they are also often subject to massive one-day swings. This means that these under $10 stocks can be some of the biggest day-to-day movers.
Now, let’s take a look at three notable companies trading for less than $10 per share that surged today:
Glu Mobile Inc. (GLUU - Free Report)
Shares of this developer and publisher of free-to-play mobile video games gained 4.60% on Tuesday. Before Tuesday’s climb, Glu Mobile had already seen its stock price surge nearly 80% during the last year. Looking forward, Glu’s Q4 earnings are projected to soar 75%, while its sales are expected to climb 68.18%, based on our current Zacks Consensus Estimates. Glu is currently a Zacks Rank #2 (Buy) and could be a stock to watch as the mobile gaming revolution continues.
Calumet Specialty Products Partners, L.P. (CLMT - Free Report)
This maker of specialty hydrocarbon and fuel products—including solvents, waxes, and asphalt—saw its stock price jump 4.52% on Tuesday. Shares of Calumet Specialty Products Partners had already skyrocketed 93.75% since the start of the year. Now, our Zacks Consensus Estimates are calling for the company to post full-year earnings of $0.27 per share, after reporting a loss a year ago. On top of that, CSPP’s full-year sales are projected to gain 4.16% to hit $3.75 billion.
SunPower Corporation (SPWR - Free Report)
This San Jose, California-headquartered solar panel company is currently a Zacks Rank #1 (Strong Buy). Shares of SunPower Corporation climbed over 5.15% on Tuesday and also experienced after-hours gains. The solar and renewable energy industry can be volatile, but the company is expected to see its bottom line pop substantially this year. Based on current consensus estimates, SunPower’s Q4 earnings are expected to jump 125%, while its full-year EPS is projected to jump 9.78%.
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