Finding the best stocks under $10 per share is no easy task. Inherently, cheap stocks come with bigger risks because they are either very small companies or a big company that has been beaten down to a low price.
But the best cheap stocks do share some common characteristics: a bit of short-term momentum, good long-term outlook and preferably a balance sheet that is in the black and supporting dividend payments.
You can’t find all of these things all the time, of course, but when looking for the best stocks under $10 this is a good checklist to keep in mind.
Most of the 10 picks on this list hit all those marks — and if they don’t, they at least have an especially strong short-term performance or long-term outlook to make up for it.