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The 9 Best Stocks Under $10 To Buy For May 2022!

Noah Zelvis - April 11, 2022

Best Stocks Under $10

For those taking their first steps into the world of investing, affordable stocks are often the way to go. We’re giving our picks for the best stocks under $10 to help you economically enter the market.

Stocks priced at less than 10 dollars are a great way to build a starter portfolio, and even these cheap stocks can have massive potential.

While Apple and Netflix are industry behemoths now, these high-priced stocks were worth just a few dollars when they started.

Keep reading for our picks for the best under $10 stocks on the market.

What to Look for When Investing In Stocks Under $10

Stocks under $10 can have plenty of earning potential, but they can also be quite volatile — especially if they have low liquidity.

So it’s important to know what to look for when you’re doing your research for these types of stock trades.

Generally, you’ll want to stick to stocks traded on major exchanges, like NYSE and NASDAQ, as these stocks have much better liquidity.

Companies that trade in the $10 range typically have a mid or large market cap.

Before purchasing any affordable stock, you’ll want to look at their price history and consider their support and resistance levels.

When the stock hits its support level, that means it is likely to go up, so this could be a good indication that it may be time to buy.

More on Finding the Best Cheap Stocks for Less Than $10

Finally, you’ll want to spend time researching each company before making a purchase.

This includes their yearly earnings and revenue alongside growth and current cash flow.

You should also consider whether or not they have a dividend yield.

While you can’t predict precisely where the market will go, familiarity with your investments is a good base for success.

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Best Tech & Communications Stocks Under $10

Crescent Point Energy (NYSE: CPG)

Crescent Point Energy provides oil to North America through sustainable and ethical means.

The company operates from five different locations in southern Saskatchewan, central Alberta, and North Dakota.

There are several other opportunities in those regions that Crescent Point may turn to in the future.

A meaty market cap of $5.29 billion gives Crescent Point a lot of weight to throw around.

With a surge in energy prices and an increase in demand, Crescent Point Energy is reaping the benefits.

Financials have been strong throughout 2021, leading to increases in other areas.

Share prices are currently 85% higher than last year at this time and will hopefully continue in that direction.

Telefonica S.A. (NYSE: TEF)

Telefonica is a major player in the telecommunications space and the leading provider in Spain.

The company does so through four different brands: its flagship Telefonica, Movistar, O2, and Vivo.

Through these services, Telefonica can reach Latin America, Europe, and Brazil.

A part of telecommunications for nearly 100 years, Telefonica has done well to adopt innovations and change.

It is moving full steam into 5G, deploying new networks to keep up with demand.

A large company, Telefonica carries a market cap of $30.3 billion.

Share prices have seen up and down momentum over the last year, currently resting slightly higher than last year at this time.

Despite this roller coaster ride, Telefonica pays out a 4.44% dividend yield to its shareholders.

Best Stocks Under $10: Entertainment

Entravision Communications Corp (NYSE: EVC)

Entravision Communications launched in 1996 to bring media content to the U.S. Latino population.

Initially only in California, the company quickly spread to several other U.S. states, Mexico, Latin America, and Spain.

The platform encompasses TV, radio, digital content, sports, and live performances from around the Spanish-speaking world.

In addition to original content, Entravision partners with many top networks to distribute the latest shows in Spanish.

Through these different markets, the media provider reaches over 4.5 million viewers each and every week.

The company anticipates this number growing even higher as it continues to expand its influence.

Entravision beat its revenue goal in the fourth quarter of 2021 and has consistently done so.

Share prices have flatlined a bit but still sit 45% higher than last year.

 

stocks under 10

 

Zynga Inc. (NASDAQ: ZNGA)

Zynga Inc. is the creator of many popular free-to-play mobile games on both Android and iOS platforms.

The company has been putting out games since 2007 and frequently appears on top mobile developer lists.

It is known for scooping up developers to continue improving the quality of its games, including the recent acquisition of the team at Echtra Games.

As Zynga continues to think ahead, it is releasing its first cross-platform with Star Wars: Hunters some time in 2022.

This is the first time Zynga will release a game that can be played on consoles.

Share prices made a significant rebound in January but have flatlined since.

With Zynga’s target price in the double digits, all signs point to this stock moving up in the near future.

Best Stocks Under $10: Health & Wellness

Nuvectis Pharma Inc. (NASDAQ: NVCT)

Nuvectis Pharma focuses its attention on developing medications to address unmet needs in oncology.

The biopharma company has two drugs in the pipeline, with the leading medication targeting ovarian clear cell carcinoma.

Listed as NXP800, the drug recently entered phase one testing.

NXP900 is in pre-clinical trials to treat cancer-causing agents in tumors.

Nuvectis is brand new on the stock market, going public on the 4th of February.

With two medications still in trials, the company does not have revenue at this time.

However, income investments and company news tend to cause share prices to jump.

Provention Bio (NASDAQ: PRVB)

Provention Bio develops treatments to seek out autoimmunity and prevent debilitating and life-threatening diseases before they’ve had the chance to advance.

The company targets potential issues in children to help ensure long, healthy lives.

As a relative newcomer to the biotech world, Provention Bio doesn’t yet have any products approved for use.

Its leading product, Teplizumab, is a type-1 diabetes autoimmunity treatment nearing the conclusion of phase III trials at this time.

The drug has been granted Breakthrough Therapy Designation by the FDA and a similar listing by the European Medicines Administration with the hope of a fast track to approval.

Provention has a few other medications in the pipeline in earlier clinical trial stages.

Investors are waiting with bated breath for news about FDA approval, and share prices have been quiet as a result.

This may be the prime opportunity to invest should Teplizumab take the market by storm.

More of the Best Stocks Under $10 to Buy Now

Sirius XM Holdings Inc. (NASDAQ: SIRI)

Sirius XM Holdings is one of the top audio entertainment providers in North America.

The company covers a diverse range of products, including SiriusXM audio, Pandora, Stitcher, and Simplecast.

Its flagship brand still comes preinstalled in new vehicles from most U.S. automakers, offering a free trial and paid subscription options after that.

Users can access music, sports, news, talk, and popular podcasts from computers and mobile devices as well.

Other products, like Simplecast, allow for the creation of podcasts for the sake of monetization.

Throughout 2021, Sirius Holdings consistently surpassed estimates for both revenue and earnings per share.

Although share prices have been a little bumpy, the company is moving in the right direction and continues to gain popularity.

Hudbay Minerals Inc. (NYSE: HBM)

Hudbay Minerals is a diverse producer of metals in Canada, the United States, and Peru.

The company focuses on exploring and developing current resources with a constant eye on new investment opportunities.

Copper, gold, silver, and zinc are some of the most popular materials it acquires.

Hudbay sees the need for copper in the ever-growing electric vehicle market and looks to be at the forefront of its copper distribution.

Even so, electric vehicles are but a small piece of the larger scale copper is a part of.

The company has a significant $2.5 billion market cap on the stock market.

This offers some stability in investing in lower-priced stocks.

Share prices have seen slight gains over the last year but should continue to rise as electric vehicles become more prevalent.

Coty Inc. (NYSE: COTY)

Coty produces products for cosmetics, skincare, haircare, and fragrances.

The company has been in business for over 115 years and has followed world fashion trends ever since.

Its reach into the beauty space extends to two niches, Coty Luxury and Coty Consumer.

Each line contains several brands designed to reach a wide variety of individuals across many walks of life.

Luxury items extend a sophisticated and prestigious air known for quality and excellence.

The consumer line meets people where they are, offering the world a chance to express beauty one person at a time.

Coty is coming off a solid financial quarter, seeing an uptick in revenue and earnings per share.

Share prices are a bit lower than they were last year at this time, but positive momentum on the business side of things should point to stock increases in the near future.

Should You Buy Stocks Under $10?

Stocks under $10 can be a great entry point into the world of investing.

Tickers above the $5 range are no longer considered penny stocks and often come with less volatility.

They’ve proven themselves in at least some capacity and trade at significant volumes.

These stocks won’t make you rich right away but have the potential to reach incredible heights in the long run.

That being said, some stocks are stuck at share prices under $10 for a reason.

It’s essential to do your due diligence before buying any stock, including those on this list.

Where to Buy Stocks Under $10

The best stocks under $10 are likely going to be located on major exchanges such as the NYSE and NASDAQ.

Online trading platforms like Robinhood and Webull provide access to all the listings on these markets.

Robinhood in particular is toted as being very friendly to new traders with clear listings and a simple interface.

Webull offers a bit more complexity and lets users perform deeper dives in hopes of locating less overt opportunities.

In either case, these platforms stay away from more volatile markets like the OTC.

Best Stocks Under $10: Final Thoughts

Buying stocks under $10 isn’t for everyone.

However, there could be plenty of financial advantages for investors who are willing to do their homework and find the best stock under $10.

Because these low-priced stocks come with some added risk, investors should carefully consider market data and share prices before making a purchase.

Buying stocks with low prices can be a good way for new investors to test the waters without paying too much per share.

Some of the highest-performing companies on the stock market today started under $10, so you never know what might happen.

For more info on low-priced stocks, check out our best stocks under $1 and best stocks under $5 articles.

Stocks Under $10 FAQ

Here are answers to some of the top questions about stocks under $10.

What Are the Best Stocks Under $10 Right Now?

We’ve lined up several of the best stocks under $10 right here in this article.

Namely, Crescent Point Energy is helping lead the charge in oil distribution in North America.

Hudbay Materials is working to capitalize on the upcoming electric vehicle craze with its copper exploits.

What Stocks Are Good for Beginners?

Stocks around $10, especially those with high market caps, can make for good picks for beginners.

These stocks have a foundation, see a lot of trade, and the right stocks can grow significantly in short order.

What Should I Invest With 10 Dollars?

Don’t be afraid to invest in the stock market, even with a small amount of money.

By allowing our guides to do the research for you, you can find some low-cost stocks to purchase that may experience a significant return on your investment.

How Much Money Do You Need to Buy Shares?

This number depends on the broker you choose and what their requirements are to get you started.

Traditional brokers average $500 to get started, but platforms like Robinhood have no account minimums.

Is Robinhood Good for Beginners?

Without the need for an account minimum and free trades, Robinhood is set up for beginners to capitalize on.

The platform is designed to be easy to use, so even the inexperienced can take advantage of its services.

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Noah is an American copywriter on a mission to help clarify the nuances of the financial world. When he's not working, you’ll likely find him running or traveling.