3 Stocks Under $10 With Quadruple-Digit Upside Potential

  • These stocks under $10 can deliver 10x returns or more as they remain deeply underappreciated and are likely bottoming out.
  • SinglePoint (SING): An under-the-radar fast-growing renewable energy play with massive room for growth.
  • Selina Hospitality (SLNA): This rapidly-growing travel disruptor targets millennial travelers with its unique boutique hotels.
  • WeTrade Group (WETG): Battered Chinese micro-business services provider is shifting overseas and positioned to ride any reopening tailwinds.
Stocks Under $10 - 3 Stocks Under $10 With Quadruple-Digit Upside Potential

Source: Vintage Tone / Shutterstock.com

Even in today’s bull market, there are still plenty of overlooked gems for investors to consider trading for less than $10 per share. As an investor, finding these underappreciated stocks with massive upside potential is like striking gold. While the AI and tech sectors are currently soaking up most of the attention, digging a little deeper can uncover some real diamonds in the rough.

Many cheap stocks under $10 can deliver huge returns if you spot them before the crowd catches on. Once the broader market understands these companies, it can often be the case that these stocks have already doubled, tripled, or even soared 1,000% or more. The key is identifying the lesser-known companies with solid business models, strong leadership, and immense growth prospects. Obviously, how they are executing on their growth prospects is also important, since you’ll be paying a speculation premium for such stocks.

Nonetheless, you need to think like a contrarian in this market to find the big winners other investors ignore. I’ve rounded up the following three stocks under $10 that have quadruple-digit upside potential.

SinglePoint (SING)

Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy
Source: Proxima Studio / Shutterstock.com

SinglePoint (OTCMKTS:SING) is a little-known fast-growing company operating in the lucrative renewable energy and air purification markets. While speculative, I’m super bullish on this company because its 79% revenue growth in Q2 and progress toward profitability make it an overlooked gem under $10, in my opinion.

Despite negative momentum in recent years, SinglePoint appears completely oversold, trading around just $2.25 today. Shares have already doubled over the past two weeks since their impressive earnings release, with profitability is now in sight after a 59% reduction in net loss for Q2. So, it’s clear that this company’s business model is starting to work. With massive new tailwinds from the Inflation Reduction Act, SinglePoint is perfectly positioned for continued rapid growth in solar installations. Plus, its air purification segment further diversifies the business.

SinglePoint is obviously a high-risk/reward play, but if the company continues to execute on its business plan, I genuinely believe 1000%+ upside is possible here. Gurufocus also believes there is tremendous upside potential with SING stock, placing a whopping $200 fair value tag on the stock. While I agree that this could be a possible value trap, if you’re targeting quadruple-digit gains, the risk is naturally outsized with such stocks. This is one name where I think the potential reward is worth the risk.

Selina Hospitality (SLNA)

Beautiful beach. Chairs on the sandy beach near the sea. Summer holiday and vacation concept for tourism. Inspirational tropical landscape. Tranquil scenery, relaxing beach, tropical landscape design. SLNA stock
Source: icemanphotos / Shutterstock.com

Selina Hospitality (NASDAQ:SLNA) operates a rapidly-growing network of unique boutique hotels targeting millennial travelers. I’ll admit, this is an aggressive growth story, and the company has spooked some investors after recent earnings misses and net losses. However, in my opinion, Selina’s current share price, currently around 50 cents, significantly undervalues its immense growth prospects. This company is just starting to scratch the surface of its potential.

Consider that Selina’s revenue doubled to $184 million, and management confidently reaffirmed its goal to deliver 30-40% annual revenue growth in 2023. Given this growth, the company’s losses are understandable. But importantly, Selina projects positive adjusted EBITDA and operating cash flow this year, proving its losses are sustainable. With millennial travel booming, Selina’s unique brand and massive global expansion plan position it for continued rapid growth for years to come.

Looking ahead, the stock could easily triple or more from current levels if the company continues to execute. A probable return to its $10+ share price from last year would hand investors 20x their money or more! It has one Wall Street price target of $6, implying an upside of 1,150%. Of course, don’t underestimate the risk with this company, but it may certainly be worth it for those with speculative capital to put to work.

WeTrade Group (WETG)

keyboard with the enter key replaced with "ecommerce" and colored like the chinese flag
Source: Shutterstock

WeTrade Group (NASDAQ:WETG) provides technical services to micro-business owners in China via its social e-commerce platform. Undoubtedly, the stock has been crushed, falling over 99.8% from its peak. This move was driven by China’s economic slowdown and tech stock weakness that have hit investor sentiment hard. But in my contrarian opinion, this excessive pessimism has created a fantastic opportunity for bold investors.

WeTrade’s asset-light, technical services business model enables it to grow revenue without heavy capital investment, a huge advantage in the current environment.

It’s still at the caboose of this list since the company’s top line is declining, and it has turned unprofitable. However, I think these metrics are priced in, and WeTrade is smartly expanding services overseas now to mitigate regulatory risks in China. Admittedly, uncertainty remains high, but I believe the stock has likely bottomed below $8. If the team can execute even modestly well, WeTrade’s growth prospects could drive a powerful recovery back toward its $100+ price just one year ago. The upside potential with WETG stock is enormous, given today’s depressed valuation.

On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2023/08/3-stocks-under-10-with-quadruple-digit-upside-potential/.

©2024 InvestorPlace Media, LLC