Value Investment Spotlight: 10 Stocks Trading Under $10

As the stock market takes a breather from the sky-high peaks of 2020 and 2021, it seems to be maintaining a high price compared to historical averages. Even amidst the backdrop of COVID-19, ongoing inflation, political uncertainty, and international strife, companies in the S&P 500 are trading at approximately 21 times earnings, higher than the historical average of 15 times. Despite this, there are still diamonds in the rough to be found; undervalued stocks trading under $10 per share offering value investing opportunities.

Exploring smaller, riskier, unloved, or undiscovered market segments can reveal these low-priced stocks. Long-term investors who can weather multiple market cycles may find value in these lesser-known names. These companies often don't attract large mutual funds or Wall Street money managers due to their size and associated risk. However, for the patient investor, these beaten-down stocks represent potential investing ideas, especially those starting to turn around after periods of slow earnings and profits.

The roster of undervalued stocks under $10 includes a diverse mix of sectors. Among them are marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks. While varied in nature, all these stocks share one common attribute: a super-low share price of $10 or less.

1. Berry (NASDAQ: BRY): An independent energy company focused on oil and natural gas production, acquisition, and development. Despite its size, Berry's principal reserves and producing properties are located across the US in key energy markets.

   

2. W&T Offshore (NYSE: WTI): A Houston-based independent oil and natural gas producer with properties in the Gulf of Mexico, emphasizing acquisition, exploration, and development.

   

3. Zymeworks (NYSE: ZYME): This clinical-stage biopharmaceutical company is developing innovative biotherapeutics for cancer treatment. Despite its small size, Zymeworks has formed several strategic partnerships with industry heavyweights.

   

4. Ferroglobe (NASDAQ: GSM): A key player in the silicon and specialty metals industry, Ferroglobe operates internationally, providing critical materials for various industries from personal care to electronics.

   

5. LexinFintech (NASDAQ: LX): This Chinese fintech company provides online consumer finance services through its proprietary platform, Fenqile.com, and its scenario-based lending product, Le Hua Card.

   

6. PHX Minerals (NYSE: PHX): Formerly Panhandle Oil and Gas Inc, PHX Minerals operates as a natural gas and oil mineral company primarily in the United States.

   

7. Assertio (NASDAQ: ASRT): A commercial pharmaceutical company that develops and provides medicines in the areas of neurology, rheumatology, pain, and inflammation.

   

8. Voyager Therapeutics (NASDAQ: VYGR): This biotechnology company is focusing on developing gene therapies for various neurological diseases, including Alzheimer's and Parkinson's.

   

9. Ramaco Resources (NASDAQ: METC): A company that operates, develops, and sells metallurgical coal, primarily serving blast furnace steel mills and coke plants in the US and overseas.

   

10. Oxford Lane Capital (NASDAQ: OXLC): This close-ended fund primarily invests in securitization vehicles, which in turn invest in senior secured loans made to companies with below-investment-grade or unrated debt.

    

While the general market may seem overpriced, these ten undervalued stocks trading at under $10 could provide attractive value investing opportunities for patient, long-term investors. Stay updated on these and other investment opportunities with the WikiFX App. Download link: https://www.wikifx.com/en/download.html