Oh, and the share price is just 8.29 as of this writing. Not the most exciting-sounding company, but it’s performing well: PSEC stock is up 14% in the last year, boasts a whopping 8.7% dividend yield, and trades at a mere 3.5 times trailing earnings.
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middle market businesses across a range of industries. Prospect Capital sounds a bit generic in a George Costanza “Human Fund” kind of way it’s a business development company (BDC) that makes debt and equity investments in U.S. On the technical side, CRLBF established 6 as a base in December and early January, and while it dipped briefly below that level early this month, it’s back above it now, and trading above its 50-day moving average, which is a good sign.īest Stocks Under $10: Prospect Capital Corp. Still, Cresco has turned the corner and is now posting real earnings, $0.23 per share in the third quarter. So, Cresco is growing, but with revenues up 41% in the third quarter, to $216 million, it’s growing more slowly than the leaders.ĬRLBF is something of a value play on the cannabis sector rebound, selling at just 2.1 times revenues-down from 9.9 times a year ago. It’s the market share leader in Illinois and is very strong in Pennsylvania, where it announced the opening of its 10 th store in the state just this month. Cresco is one of the five leading marijuana companies in the U.S., with 47 operational dispensaries, 47 retail licenses and 20 production facilities in 10 operational states. Best Stocks Under $10: Cresco Labs (CRLBF)Ģ021 was a rough year for cannabis investors as the broader index lost roughly 60% from the February highs (CRLBF was down 54% over the last 12 months). Q4 earnings are coming later this week (February 16) and could serve as a catalyst to either drive further upward momentum or snuff it. It put in a bottom through December and may be worth picking up if it shows continued upside momentum or the 50-day line breaks above the 200-day. Because of that expected growth, the stock trades at 6 times forward earnings estimates.Īs for the stock, it peaked over the summer, in late June, above 11 (so it wouldn’t have made this list then!), but since retreated to the lows 8s to end the year. However, EPS is expected to bounce back to $1.98 next fiscal year. Revenues are expected to improve 68% this year, though earnings per share are expected to remain in the red for a second straight year, according to analyst estimates. Riding the coattails of the energy stock rally, Energy Transfer is a master limited partnership ( MLP) based in Dallas that transports natural gas and propane pipelines. After rising 45% in the last year year, it’s just broken above 10 per share as of this writing. This one might not be trading for less than $10 for depending on what time of day you catch it. Here are the three companies with the highest valuations that made the list: Best Stocks Under $10: Energy Transfer LP (ET)
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There weren’t many that met that criteria. For that, I screened for stocks with share prices under $10, that are up double digits this year.
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A strong chart, after all, is one of the best indicators of future gains. If you want to find the best stocks under $10 that you can buy and hold for a while, you should start with stocks that have already been trending upward for some time. To do it, however, you need to find low-priced stocks.įrom there, it depends on what you’re looking for in your investments: long-term gains or a quick return in a prime turnaround stock candidate. Find out which stocks you should buy this month to make money in this volatile market.