5 Of The Best Stocks Under $10 To Buy Right Now

We try to avoid labeling stocks as “cheap” or “expensive.” Instead, we opt to look beyond a stock’s face value, and our system puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.

With that said, low-priced stocks can still be attractive to investors as they present the chance to take a larger position in a company. When searching for these low-priced stocks, we still look for similar trends in growth, value, and momentum. Then we apply the Zacks Rank to properly analyze the potential that these companies have.

Today we’ve highlighted five stocks that are currently trading for under $10 per share. All of these stocks also sport a Zacks Rank #2 (Buy) or better, and are showing signs of outpacing the market.

1. Glu Mobile Inc. (GLUU - Free Report)

Prior Close: $7.89      

Glu Mobile is a global developer and publisher of mobile video games, such as MLB Tap Sports Baseball, Deer Hunter, and Kim Kardashian: Hollywood. The company announced at the end of May the launch of a new wrestling game called WWE Universe, as part of a multi-year agreement with WWE (WWE - Free Report) . On top of that, Glu Mobile is projected to debut Disney Sorcerer’s Arena (DIS - Free Report) in August. Both of these new titles could help GLUU expand its user base and revenues as mobile gaming continues to grow in popularity around the world.

GLUU shares did plummet following the release of its Q1 financial results in early May, despite topping our revenue estimate and matching on earnings. The selloff can be attributed in part to many shareholders taking profits after GLUU’s stellar run from under $2 a share in December 2016 to $11.22 per share on May 6. Looking ahead, our current Zacks Consensus Estimate calls for the firm’s adjusted fiscal 2019 earnings to soar 250% to touch $0.35 per share on nearly 18% revenue expansion to reach $452.82 million. And Glu Mobile’s positive longer-term earnings estimate revision activity helps it earn a Zacks Rank #2 (Buy).

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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