In times like these, it is important for store investors to get the maximum amount of their money. So in this article, I will be directing investors to a few cheap stocks that trade for under $ 10. These are good options for investors who may not have much money to put on the market.
The attraction of cheap stocks is easy to understand. Stocks trading for less than $ 10 can give you the ability to make huge profits. Also, stocks of less than $ 10 offer investors a few good options for building a diverse portfolio.
Yes, most stocks trade for less than $ 10 because the company may have a more serious problem suppressing its growth. So if you are going to buy cheap stocks make sure you do your best.
However, the fact is that you can find many good stocks that you can buy for under $ 10. And here are seven cheap stocks to buy even if you have $ 100 to spend.
- fuboTV (NYSE:FUBO)
- Just Eat Takeway.com (NYSE:GRUB)
- Coty (NYSE:COTY)
- Hims and Hers Health (NYSE:HIMS)
- AppHarvest (NASDAQ:APPH)
- SoFi Technologies (NASDAQ:SOFI)
- PureCycle Technologies (NASDAQ:PCT)
Fubo Tv (FUBO)
The first in my cheap stock that I can buy is fuboTV, which competes in two categories: sports broadcasting and betting. I do not believe the company will be a prominent player in any field. But FUBO stock looks like a solid total of its shares. And that doesn't seem to matter if you look at the stock price of fuboTV
As a streaming stock, fuboTV has targeted a live sports niche. It is certainly not the only broadcasting service that offers live games, but it is the audience for which fuboTV is directed. And because the company will have its own sports book, that makes sense. Once you have customers who broadcast their programs, it is not a guess to believe they will use the sports betting app.
Just Eat Takeaway.com (GRUB)
Investors may be more familiar with Grubhub, which is a subsidiary of Just Eat Takeaway.com. Incidents such as the Covid-19 epidemic have unpleasant consequences that can last for years. And they often change their behavior.
Right now that seems to be happening with the way Americans choose food in restaurants. At the end of 2019, one study found that 62% of Americans expressed a preference for food in a place of transportation or delivery. However, in early 2021, 53% of adults said that buying food or delivering food “is important for their lifestyle.”
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Coty (COTY)
inflation and the possibility of a recession are the reasons why investors look to protect stocks. Coty is a beauty products company that has been an unequal rescue game. The company develops, manufactures, markets and distributes more than 77 products.
COTY stock has declined by 3% in the last 12 months, but is trading at the end of its 52-week range. The stock also reflects a steady interest from institutional investors over the past 12 months and more than 2 to 1 sellers. The company has in-depth plans to increase revenue faster than the overall beauty market. The company produces 20% to 25% CAGRs in its 2025 financial year.
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Cheap Shares: The Life of Hims and Hers (HIMS)
Hims and Hers Health is a growing company in the health sector. The company connects its customers with licensed health professionals which is a service that continues to grow as the epidemic subsides. The company also has its own line of health and wellness products.
HIMS is in the early stages of growth. As evidence of this there are two interactions. One has Goodpath, which will give the company access to a wide range of educational content and programs. The other is GNC Holdings (NYSE: GNC) which will allow the company to offer its products in GNC specialty stores and on the company's website.
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AppHarvest (APPH)
I will admit that my AppHarvest base is not free. The agricultural technology company used to develop and operate indoor farms that grow non-GMO products without pesticide residues.
My uncomfortable view is that our difficulty of supply chain can grow significantly. Sanctions against Russia are likely to provoke a response that could affect the input side of the supply chain. This means that it can be difficult, and expensive, for farmers to get the chemicals and fertilizers they need. This could work for a company like AppHarvest.
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SoFi Technologies (SOFI)
SoFi is one of the leading stocks in the fintech industry. However, investors have always been frustrated with technology stocks in general and the fintech sector in particular. The company had a double ladder in its March 1 earnings report, but bits were not important enough to change investor sentiment.
That being said, SOFI stock trades at the lower end of its 52-week range and shows signs of, at least from a technical point of view, of over-selling. And if you dig into the benefits report, you can see why that might be the case. The company has reported a 54% annual profit on adjusted revenue and continues to bring in new customers.
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Cheap Shares: PureCycle Technologies (PCT)
If you are looking for high-risk, high-yield stocks, you may want to consider PureCycle Technologies. PCT stock is trading at about $ 9.61 as of this writing. But analysts have a consortium price of $ 30.83 for PCT stock. That is an eye benefit of more than 200%.
PureCycle is a round economic game. The company deals with the fact that consumers prioritize sustainability where they shop and what they buy. They are very sensitive to "greenwashing" and now they want more from companies. To that end, PureCycle has a number of plans to pursue a “permanent” plastic.
