3 Top-Ranked Cheap Tech Stocks Under $10 To Buy Before Thanksgiving

The Dow, S&P 500, and Nasdaq all closed at new highs Monday, as the stock market continues its strong November. Wall Street has clearly been satisfied with corporate earnings, some reported U.S.-China trade war progress, along with solid U.S. jobs and consumer data.

With this in mind, investors might want to consider taking a look at a few cheap stocks, ones trading under $10 per share, amid the positivity. Here at Zacks, we do 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.

Stocks trading under $10 can be more volatile than their pricier peers. Still, investors can grab strong returns by finding solid low-priced stocks.

Here are three cheap tech stocks that we found utilizing our Zacks Stock Screener that might be worth buying as we approach Thanksgiving…

ChannelAdvisor Corporation (ECOM - Free Report)

Prior Close: $9.00 USD

ChannelAdvisor is an e-commerce-focused cloud platform that helps “retailers and brands connect with customers, optimize operations and grow sales channels.” The firm, which has been around since 2001, enables customers to “securely power” sales and “optimize fulfillment” everywhere from Amazon (AMZN - Free Report) to eBay (EBAY - Free Report) and has worked with companies like Crocs (CROX - Free Report) and Target (TGT - Free Report) . The firm topped our Q3 2019 earnings estimates on November 7 and management feels ECOM is well positioned for future growth.

ECOM stock got off to a hot start when it first began trading in 2013, only to tumble and its shares have been somewhat volatile ever since. With that said, ChannelAdvisor shares have traded as high as $13 in 2019. Looking ahead, our current Zacks estimates call for ECOM’s full-year fiscal 2019 sales to slip slightly, with 2020 projected to come in 5.2% higher at $136.45 million. More importantly, ChannelAdvisor’s adjusted FY19 earnings are projected to soar 223% from $0.13 per share to $0.42, with 2020 expected to climb another 27%.

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