Stocks that are low in price are the stocks that have the potential to generate high returns. This is because these stocks are undervalued by the market and have the potential to go up in price. Over the last few years, we have seen many stocks that have low prices and have generated high returns for investors. So if you are looking for some best stocks for investing, this article is for you.
6 best stocks under 10$ that are worth investing in:
For people who have just started to invest and might not have a lot of money to invest in high-priced stocks, you can consider some best stocks under 10$ which also have some potential to invest in.
In this article, we will discuss the 6 best stocks under 10$ that you can invest in now. These stocks are from different sectors and have the potential to generate high returns in the long term. So if you are an investor and don’t want to take too much risk, then these are the stocks for you.
1. Banco Santander SA (SAN):
One of the best stocks to trade today is Santander Bank. This one is a large Spanish financial institution with a global presence. Santander reported fiscal 2021 earnings that were 23% greater than its 2019 earnings, according to Analyst Johann Scholtz, yet the stock is still trading for less than it did this time last year. According to Scholtz, Santander’s capitalization is the main reason for its lack of success in Europe.
He says Santander’s earnings have been stable compared to its peers, thanks in part to its relatively low exposure to investment banking and home loans. According to Morningstar, the stock SAN is a good buy at its current price of $3.39. The company has a fair value estimate of $4.80 per share.
2. Lloyds Banking Group PLC (LYG):
Lloyds Banking Group is a large British financial institution. The company’s stock has been undervalued by the market for some time now. However, the company is starting to show signs of improvement. In its latest earnings report, Lloyds reported a profit before tax of £2.1 billion ($2.9 billion). This was a significant improvement from its loss of £446 million in the same period last year.
According to analysts, the stock is still undervalued and has a lot of upside potential. The current price of the stock is $2.84. The company has a fair value estimate of $4.41 per share. So this company is one of the best stocks for investing if you are looking for stocks under 10$.
3. BBVA SA (BBVA)
BBVA SA (BBVA) is a Spain-based multinational financial institution. The company operates through the following business segments: Banking, Corporate & Investment, and Asset & Wealth Management. Founded in 1857, BBVA has over EUR 870 billion in consolidated assets and over 130 million customers worldwide. Headquartered in Madrid, Spain, the company employs over 102,000 people.
The current share price of $5.65 gives a market capitalization of $32.67 billion. The company has a price-to-earnings ratio of 10.58x. The future earnings growth rate is pegged at 5.48%. Analysts recommend a “buy” for the stock with a target price of $7.30, which implies a potential upside of 42% which makes this company one of the best stocks under 10$.
4. Telefonaktiebolaget LM Ericsson (ERIC)
The next on our list is Telefonaktiebolaget LM Ericsson. It is a Swedish multinational networking and telecommunications company that offers its services globally. The company offers services, software, and infrastructure in IP networking, cloud, 5G, and IoT. Its products include routers, switches, base stations, manifold systems, and more. The company has partnerships with many leading firms like Cisco, IBM, Microsoft, Oracle, and more.
The current share price is $9.59. The stock is trading at a price-to-earnings ratio of 25.58x. The future earnings growth rate is pegged at 5%. Analysts recommend a “buy” for the stock with a target price of $11.80.
5. Nokia Corp. (NOK)
Nokia is one of the world’s top infrastructure equipment suppliers in the world. The company’s core offerings are related to mobile networks and fixed-line networks, as well as IP infrastructure and applications. Nokia ranked sixth in terms of market share in the global network infrastructure market in 2019.
Nokia’s stock has been on a bit of a roller coaster ride over the past year, but it’s currently trading at around $5.50 per share, making it one of the best stocks under $10 right now. Analysts recommend a “buy” for Nokia stock with a target price of $6.00.
6. Telefonica SA (TEF)
Telefonica is the largest telecom company in Spain. The company also has a sizable presence in Latin America. The company offers fixed-line, mobile, and broadband services to its customers. In addition, Telefonica also provides pay-TV, data center, and cloud services.
The current share price is $4.84. Morningstar has a “buy” rating and a $5.80 fair value estimate for the stock. It is a high-potential stock you can buy now and hold for the long term.
So there you have it! These are the current best stocks under $10 that offer high potential upside. You have to remember that investing in stocks comes with risks. So, always make sure to do your due diligence before investing in any stock. Good luck!
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