5 Scorching-Hot Stocks Trading Under $10 With Big-Time Upside Potential – 24/7 Wall St.

While most Wall Street focuses on large-cap and high-cap stocks, because they provide a degree of security and liquidity, many investors are limited in the number of stocks they can buy. Many of the largest public companies, especially tech giants, trade in the hundreds, all the way to over $1,000 a share or more. With such exorbitant prices, it is difficult to obtain any adequate leverage for the number of shares.

Many investors, especially more aggressive traders, look at low-priced stocks as a way not just to make some good money but to get more shares. This can really help with the decision-making process, especially when you are on a winner, as you can always sell half and keep the half.

Each week we scan our Wall Street research database 24/7 for stocks that are rated “buy” in major companies with prices below $10 (last week’s picks included ADT and Cemex). This week was no exception as we found five new stocks that could provide investors with some strong upside potential. Skeptics of low-priced stocks should remember that at one point Amazon and Apple traded in single digits.

While it is more suitable for bold investors (and with the number of new traders rising exponentially over the past year and offering good trading ideas even more difficult to find), they may prove exciting additions for traders looking for strong alpha potential. It is important to remember that no single analyst report should be used as the sole basis for any buying or selling decision.

avipoint

This is an off-the-radar idea with stellar potential. AvePoint Inc. provides. (NASDAQ: AVPT) Microsoft 365 data management solutions worldwide. Offers a suite of software as service solutions for data migration, management, and protection. The company provides cloud solutions for Office 365, Salesforce, and Dynamics 365, as well as hybrid/on-premises products. It also offers consulting, implementation, maintenance and support, augmentation of Microsoft Teams and consulting, migration as a service and quick start services.

Last month, AvePoint received the highest current offer score of all 10 cloud backup vendors and was the only vendor to receive a different rating, the highest possible score, in all three criteria for Microsoft 365, Google Workspace, and Salesforce. In addition, AvePoint received mixed ratings in the areas of security, privacy, ease of use, storage options, planned enhancement, and innovation roadmap criteria.

Cantor Fitzgerald had a price target of $11 but the agreed target was above that at $13.60. On Friday, the shares were trading at $6.20.

Leave a Comment