The tightening of the money supply has led to a tightening of the overall economy. That means that consumers and investors have less cash and capital to work with. In turn, that means that investors might logically look to shares that trade at lower prices. In the case of this article, we are looking at the best stocks under $10. Investing at a $10 price point inherently requires risk tolerance. Depending on the source, $5 or under is penny stock territory. That implies room for rapid growth, as well. The current bear market isn’t conducive to rapid gains, but an investment in these cheap shares now can appreciate quickly. 7 Seriously Undervalued Tech Stocks to Buy Now That said, let’s consider the bullish cases for these equities: Ticker Company Price CPG Crescent Point Energy Corp. $7.34 EGY Vaalco Energy, Inc. $5.36 ARC ARC Document Solutions, Inc. $2.62 KGC Kinross Gold Corporation $3.12 RIG Transocean Ltd. $2.78 NYCB New York Community Bancorp, Inc. $9.49 ARCO Arcos Dorados Holdings Inc. $6.64 Best Stocks Under $10: Crescent Point Energy (CPG) Source: OlegRi / Shutterstock Crescent Point Energy (NYSE: CPG ) is a Calgary, Alberta-based oil and gas exploration and production firm.
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Lately, stock markets have favored value investors. The past few months have been painful for growth investors. Richly priced growth plays have fallen drastically. For value investors, however? With the market downturn, many stocks have fallen to dirt cheap valuations. So you can find excellent cheap stocks under $10 per share. There are many names at single-digit price levels that aren’t only cheap on an absolute basis — they are also cheap in terms of their current earnings multiple. Yes, having a low forward price-to-earnings (P/E) ratio alone isn’t a reason to buy a stock. Sometimes stocks that look cheap on paper can turn out to be value traps. 7 Best Bear Market Stocks to Buy in July 2022 However, there’s much to suggest that won’t be the case with these seven names. Each of these cheap stocks under $10 per share trades at a low valuation, and has catalysts in play to potentially send them back to higher prices. While this valuation discrepancy remains, consider each one a buy. ARC ARC Document Solutions $2.59 CNTY Century Casinos $7.24 CRCT Cricut $6.97 DXLG Destination XL Group $3.65 EGY Vaalco Energy $6.58 GEO The GEO Group $6.41 TSQ Townsquare Media $8.47 ARC Document Solutions (ARC) Source: Pavel Kapysh / Shutterstock.com ARC Document Solutions (NYSE: ARC ) provides printing services for the construction industry.
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