Top 10 Bargain Stocks Under $10 With Hefty Upside Potential
Investing in the stock market doesn't always require hefty capital. For investors seeking opportunities without breaking the bank, stocks under $10 present an intriguing avenue.
However, identifying high-quality stocks with a share price of less than $10 is few and far between. A low stock price could be an indicator that something serious is wrong with a company’s underlying business.
With that being said, I used the InvestingPro Stock Screener to search for cheap, high-quality stocks that could be excellent buying opportunities for frugal investors.
I scanned for stocks with InvestingPro ‘Fair Value’ upside greater than 25% that also possess a Wall Street “buy” consensus rating, and at least $500 million in market capitalization.
Source: InvestingPro
Despite a difficult near-term outlook, the stocks chosen for this list demonstrate attractive business metrics and long-term growth potential. As such, here are 10 of the best stocks to buy under $10, according to InvestingPro.
Why It's Attractive: Nio (NYSE:NIO), which is one of China’s largest electric vehicle manufacturers, is a leading player in the EV market. Its innovative EV offerings, technological advancements, and expanding market share in China’s EV landscape position it as a compelling choice for investors.
NIO stock is currently trading at a bargain valuation, according to the InvestingPro model. Shares could see an increase of 33.4% from Thursday’s closing price, bringing it closer to its ‘Fair Value’ of $9.87 per share.
Additionally, Wall Street has a long-term bullish view on NIO, with 26 out of 27 analysts surveyed by Investing.com rating the stock as either a ‘buy’ or a ‘hold’.
Why It's Attractive: iQIYI (NASDAQ:IQ), often termed as China's Netflix
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