5 Of The Best Stocks Under $10 For 2017

Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.

That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and 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. These stocks are also showing signs for solid growth in 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).

1.       Codexis, Inc. (CDXS - Free Report)

Prior Close: $4.60

Codexis is a protein engineering company that applies its technology to the development of biocatalysts for the commercial manufacture of pharmaceuticals and fine chemicals. While analysts expect Codexis to remain a loss-making company in 2017, we have seen one positive earnings estimate revision for the year and current estimates would represent sales growth of 12.88% and EPS growth of 64.29%.

2.       EMCORE Corporation (EMKR - Free Report)

Prior Close: $8.70

Emcore is a provider of compound semiconductor-based products for the broadband, fiber optic, satellite, and terrestrial solar power markets. After ending 2016 with a month that saw the stock gain over 30%, the company is looking to continue its momentum in 2017. Right now, our consensus estimates for the year would represent sales growth of 8.11% and EPS growth of 14.71%.

3.       Intevac, Inc. (IVAC - Free Report)

Prior Close: $8.55

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