The stock market has largely recovered from its slowdown in 2022 and 2023 and continues to hit new all-time highs every few months. Right now, the market as a whole looks relatively expensive compared to historical averages. Historically, companies in the S&P 500 have traded at about 15 times earnings in a more normal market environment. Despite ongoing inflation, political uncertainty, and international unrest, the typical S&P 500 company still trades at about 25 times earnings. Optimistic investors are keeping prices higher than they probably should be, and that makes it difficult to find cheap stocks to buy.
Although the S&P 500 is expensive overall, there are still a handful of undervalued stocks that trade for less than $10.00 per share. Value investing opportunities exist if you know where to look. To compile a list of cheap stocks to buy now, you need to look at some smaller, riskier, less popular, or undiscovered parts of the market. These low-valued stocks may not seem particularly attractive today, but long-term investors can benefit if they are willing to be patient and hold onto these companies’ shares through multiple market cycles.
Some of these companies are great investment ideas because they are too small and too risky to attract most mutual funds and Wall Street money managers. Others have been hit hard by the market after a period of declining revenues and earnings, but are now trying to recover and get back on their feet.
You may find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some Bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all have one common trait: a super-low share price of $10.00 or less.
#1 – Commercial Vehicle Group (NASDAQ: CVGI)
- Current share price
- 3,44 €
- P/E
- 2.6
- Consensus assessment
- Buy
- Rating breakdown
- 1 Buy rating, 0 Hold rating, 0 Sell rating.
- Consensus price target
- 10,00 € (190.7% upside potential)
#2 – Arcadium Lithium (NYSE:ALTM)
- Current share price
- $2.80
- P/E
- 2.7
- Consensus assessment
- Buy
- Rating breakdown
- 1 Buy rating, 0 Hold rating, 0 Sell rating.
- Consensus price target
- 11,00 € (293.6% upside potential)
#3 – AG Mortgage Investment Trust (NYSE:MITT)
- Current share price
- $6.74
- P/E
- 3.9
- Dividend yield
- 10.00%
- Consensus assessment
- Moderate purchase
- Rating breakdown
- 4 Buy ratings, 1 Hold rating, 0 Sell ratings.
- Consensus price target
- 8,00 € (18.7% upside potential)
- Current share price
- $5.83
- P/E
- 4.1
- Consensus assessment
- Buy
- Rating breakdown
- 1 Buy rating, 0 Hold rating, 0 Sell rating.
- Consensus price target
- 8,00 € (37.2% upside potential)
- Current share price
- $7.61
- P/E
- 4.2
- Dividend yield
- 13.53%
- Consensus assessment
- Moderate purchase
- Rating breakdown
- 1 Buy rating, 1 Hold rating, 0 Sell rating.
- Consensus price target
- $15.50 (103.8% upside potential)
- Current share price
- $9.09
- P/E
- 4.5
- Dividend yield
- 6.22%
- Consensus assessment
- Buy
- Rating breakdown
- 3 Buy ratings, 0 Hold ratings, 0 Sell ratings.
- Consensus price target
- $13.17 (44.8% upside potential)
- Current share price
- $3.56
- P/E
- 4.7
- Consensus assessment
- Moderate purchase
- Rating breakdown
- 5 Buy ratings, 0 Hold ratings, 1 Sell ratings.
- Consensus price target
- $8.40 (136.0% upside potential)
- Current share price
- 1,94 €
- P/E
- 4.8
- Dividend yield
- 9.35%
- Consensus assessment
- Moderate purchase
- Rating breakdown
- 2 Buy ratings, 1 Hold rating, 0 Sell ratings.
- Consensus price target
- $2.12 (9.3% upside potential)
#9 – FinVolution Group (NYSE:FINV)
- Current share price
- $5.46
- P/E
- 5.0
- Dividend yield
- 4.13%
- Consensus assessment
- Buy
- Rating breakdown
- 1 Buy rating, 0 Hold rating, 0 Sell rating.
- Consensus price target
- N/A
10th place – McEwen Mining (NYSE:MUX)
- Current share price
- $8.34
- P/E
- 5.1
- Consensus assessment
- Buy
- Rating breakdown
- 2 Buy ratings, 0 Hold ratings, 0 Sell ratings.
- Consensus price target
- $13.50 (61.9% upside potential)