With the markets hitting new all-time highs day in and day out, it can seem difficult to find reasonably priced stocks that have big upside. Don’t be fooled – there are plenty of great companies to be had for less than $10 a share that have lots of room to run.
Usually stocks under $10 aren’t trading enough to get picked up by institutional investors and big funds. But once they gain traction, it can be off to the races, as we’ve seen many times in the past year. Here are five of the top cheap stocks to buy for less than $10 per share.
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Kinross Gold Corp. (KGC)
Kinross Gold Corp. (KGC) is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto. Kinross currently operates eight active gold mines located in Brazil, Ghana, Mauritania, Russia and The United States. The company was ranked fourth of the “10 Top Gold-mining Companies” 2019 by InvestNews.
The company has seen earnings grow by 65% per year over the last three years and they were up 213% in the third quarter. Analysts expect earnings to rise by 118% for the year and by 21.6% next year.
Revenue has been growing in recent years but not as fast as earnings. The average annual growth rate over the last three years has been 5%, but revenue jumped by 29% in the third quarter. Analysts expect revenue to jump by 25.3% in the fourth quarter and by 21.2% in 2021. The company is scheduled to report earnings on February 10th.
The gold stock has a market cap of $9 billion and has an EPS of $0.85. KGC generated revenue of $3.4 billion in 2019. It has a high liquidity and trades over 2.3 million shares per day.
The current valuations for the stock are extremely low with the trailing P/E at 11.41 and the forward P/E at 15.11. The company does pay a modest dividend with the current yield being 1.68%.
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Full House Resorts (FLL)
Full House Resorts (FLL); the casino operator was forced to shut down its operations in Colorado, Indiana, Nevada and Mississippi early last year, but management used the time off to make some necessary changes and improve operations.
New slot management systems at two locations, a revamped loyalty program and reduced costs from cutting things like low-priced buffet dining have all helped boost Full House‘s balance sheet.
A customer base that drives to its locations rather than flies has helped sustain Full House’s business even as travel has deteriorated, while a growing online gambling operation continues to bring in money throughout the pandemic. Full House‘s operating income tripled year over year in the third quarter, and the company is well on its way to continued success in 2021.
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Glu Mobile Inc., (GLUU)
Glu Mobile Inc., (GLUU) is a leading global publisher of mobile games. Its portfolio of top grossing original and licensed IP titles includes Super K.O. Boxing!, Stranded and Brain Genius, and titles based on major brands from partners including Atari, Activision, Konami, Harrah’s, Hasbro, Warner Bros. and Microsoft. Games from Glu Mobile are available on various platforms such as the App Store and Google Play.
The gaming stock has a market cap of $1.51 billion and has an EPS of $0.05. Glu Mobile has high liquidity and trades 734,415 shares per day. It generated revenue of $411 million in 2019.
Investors will be hoping for strength from GLUU as it approaches its next earnings release, which is expected to be February 9, 2021. On that day, GLUU is projected to report earnings of $0.12 per share, which would represent year-over-year growth of 20%. Meanwhile, the consensus estimate for revenue is projecting net sales of $124.62 million, up 14.96% from the year-ago period.
Ribbon Communications (RBBN)
Ribbon Communications (RBBN), Formerly known as Sonus Networks Inc., is headquartered in Westford, Massachusetts.
The one thing the pandemic has done is lower the volume on a lot of other trends that are happening in the market. One of the big ones is the transformation to 5G mobile technology that is going hand-in-hand with increasing computing power, including an expanding array of smart devices.
But to keep that all working, you need telecom software solution providers that operated in the wireless and wired sectors to help telecom providers maximize their systems. That’s what RBBN does.
And it’s also why you likely haven’t heard of it. This is a behind-the-scenes player that rarely gets the spotlight but is doing very important work to keep the headline companies in the headlines.
It has a $1 billion market cap, so it’s not a small firm. The stock is up 192% in the past year, and 25% in the past three months. It’s also a solid takeover target for a larger telecom.
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There are two things in life that are sure things: death and taxes. StoneMor (STON) isn’t a tax company. It’s one of the leading cemetery and funeral home firms in the Mid-Atlantic, Northeast and Midwest.
Currently it has 315 cemeteries and 82 funeral homes across 26 states and Puerto Rico. It recently sold its operations in the West to better focus on the markets it already has exposure in. They weren’t a large part of the operation and likely were no longer worth the effort opening a new region.
Given an aging demographic and consolidation in this industry, STON may not be a sexy stock, but it’s in a solid market. The stock is up 158% in the past year, and its recent sales out West mean more money for expansion in its core markets.
Should you invest in Ribbon Communications right now?
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