10 best growth stocks under $ 10

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In this article, we discuss the 10 best growth stocks under $ 10. If you wish to ignore our detailed analysis of these stocks, go directly to the 5 best growth stocks under $ 10.

In an age of soaring stock valuations, cheap growth stocks offer investors of all types the opportunity to realize good returns in a short period of time. Growth companies usually boast a competitive advantage over their peers and therefore have a high chance of increasing their profits and sales faster compared to other companies in the same industry. Unlike value games, there is also some risk associated with investing in growth stocks, but this risk has been what has distinguished the success and failure of the market in recent years.

Some of the most popular growth stocks on the market today include Amazon.com, Inc. (NASDAQ: AMZN), Tesla, Inc. (NASDAQ: TSLA), Palantir Technologies Inc. (NYSE: PLTR), Shopify Inc. (NYSE: SHOP), Twitter, Inc. (NYSE: TWTR) and Sea Limited (NYSE: I KNOW), among others. These stocks have posted record rallies over the past year and have offered investors handsome returns, in part due to coronavirus lockdowns and increased focus on digital offerings, but also due to strong business fundamentals.

Market experts have advised investors to keep a close watch on growth stocks as inflation fears lower prices and provide a buying opportunity. Since over 20% of the S&P 500 consists of just four large-cap tech companies, this opportunity doesn’t often present itself. However, savvy investors can also look to cheaper growth stocks that trade for less than $ 10. Retail investors, who typically bet on cheap coins, could gain a lot from investments in these companies, some of which have been discussed in detail below.

The entire hedge fund industry is feeling the impact of the changing financial landscape. Its reputation has been tarnished over the past decade, during which its hedged returns have failed to keep up with the unhedged returns of market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge funds that have outperformed S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26, 2021 , stock selections from our monthly newsletter returned 197.2%, compared to 72.4% for SPY. Our stock picks outperformed the market by over 124 percentage points (see details here). We were also able to identify in advance a select group of hedge funds that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they have lost 13% until November 16. This is why we believe that hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can sign up for our free newsletter on our homepage to have our stories delivered to your inbox.

Photo by Austin Distel on Unsplash

With that in mind, here’s our list of the 10 best growth stocks under $ 10. These were ranked after careful consideration of analyst ratings and basic business fundamentals of each company. Particular emphasis was placed on the number of hedge funds with holdings in each company, with data from the Insider Monkey database, comprising 866 hedge funds, serving as a key guide in the ranking.

Best Growth Stocks Under $ 10

10. Support.com, Inc. (NASDAQ: SPRT)

Number of hedge fund holders: 4

Price as of July 21, 2021: $ 6.65 per share

Support.com, Inc. (NASDAQ: SPRT) is ranked tenth on our list of the 10 best growth stocks under $ 10. The company’s shares have returned 222% to investors over the past twelve months. The company is headquartered in Delaware and offers home worker assistance in the United States. It has a market capitalization of over $ 96 million and recorded over $ 43 million in annual revenue last year. In the first quarter results, released on May 13, the company reported revenue of $ 9.6 million, down 19% year-over-year.

On March 22, Support.com, Inc.’s (NASDAQ: SPRT) share price jumped more than 270% after the company merged with Greenidge Generation Holdings to help the latter go public. Greenidge Generation Holdings is a crypto mining company.

On hedge funds tracked by Insider Monkey, a New York-based investment firm Renaissance Technologies is a major shareholder of Support.com, Inc. (NASDAQ: SPRT) with 831,549 shares valued at over $ 3.8 million.

As are Amazon.com, Inc. (NASDAQ: AMZN), Tesla, Inc. (NASDAQ: TSLA), Palantir Technologies Inc. (NYSE: PLTR), Shopify Inc. (NYSE: SHOP), Twitter, Inc. (NYSE: NYSE: TWTR) and Sea Limited (NYSE: SE), Support.com, Inc. (NASDAQ: SPRT) is one of the best growth stocks to buy.

9. Atossa Therapeutics, Inc. (NASDAQ: ATOS)

Number of hedge fund holders: 6

Price as of July 21, 2021: $ 3.98 per share

Atossa Therapeutics, Inc. (NASDAQ: ATOS) is ranked ninth on our list of the 10 best growth stocks under $ 10. The stock has returned 317 %% to investors over the past six months. The company is a biopharmaceutical company that operates out of Washington. On June 11, the company’s stock price jumped nearly 12% as it continued an eight-day streak of straight wins and announced that it would soon join the Russell 3000 and Russell 2000 indices, improving the visibility of the company to investors around the world.

On July 7, the stock price of Atossa Therapeutics, Inc. (NASDAQ: ATOS) climbed nearly 4% after the company announced that it had received regulatory approval for a clinical study of AT-H201, a therapy being developed by the company. for COVID-19 hospital patients.

On hedge funds tracked by Insider Monkey, a New York-based investment firm Renaissance Technologies is a major shareholder of Atossa Therapeutics, Inc. (NASDAQ: ATOS) with 3.3 million shares worth over $ 6.9 million.

Along with Amazon.com, Inc. (NASDAQ: AMZN), Tesla, Inc. (NASDAQ: TSLA), Palantir Technologies Inc. (NYSE: PLTR), Shopify Inc. (NYSE: SHOP), Twitter, Inc. ( NYSE: TWTR) and Sea Limited (NYSE: SE), Atossa Therapeutics, Inc. (NASDAQ: ATOS) is one of the best growth stocks to buy.

8. Ideanomics, Inc. (NASDAQ: IDEX)

Number of hedge fund holders: 7

Price as of July 21, 2021: $ 2.47 per share

Ideanomics, Inc. (NASDAQ: IDEX) is a company that markets electric vehicle adoption services. It’s ranked eighth on our list of the 10 best growth stocks under $ 10. The stock has returned 76% to investors in the past twelve months. On May 17, the company reported earnings for the first quarter, with earnings per share of $ 0.00, beating market estimates by $ 0.03. Revenue over the period was over $ 32 million, beating market estimates by over $ 7.7 million. The company also revealed it had $ 356 million in cash at the end of the quarter.

On June 3, investment advisor Roth Capital maintained a buy rating on Ideanomics, Inc. (NASDAQ: IDEX) stock with a price target of $ 7, appreciating the progress the company has made to put on the market. wireless charging infrastructure market.

At the end of the first quarter of 2021, 7 hedge funds in Insider Monkey’s database had $ 20 million in holdings in Ideanomics, Inc. (NASDAQ: IDEX), compared to 5 in the previous quarter for a worth $ 3.4 million.

In accordance with Amazon.com, Inc. (NASDAQ: AMZN), Tesla, Inc. (NASDAQ: TSLA), Palantir Technologies Inc. (NYSE: PLTR), Shopify Inc. (NYSE: SHOP), Twitter, Inc. (NYSE: NYSE: TWTR) and Sea Limited (NYSE: SE), Ideanomics, Inc. (NASDAQ: IDEX) is one of the best growth stocks to buy.

7. Public joint stock company of Mobile Telesystems (NYSE: MBT)

Number of hedge fund holders: 11

Price as of July 21, 2021: $ 8.44 per share

Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) is ranked seventh on our list of the 10 best growth stocks under $ 10. The company’s shares have offered investors returns above 1.5% over the past three months. The company is based in Russia and markets telecommunications services. On Mach 4, the company released results for the fourth quarter of 2020, recording revenue of over 133 billion rubles, up more than 7% from revenue for the same period in 2019 and exceeding market estimates of 4.5 billion rubles.

In early March, Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) share price jumped nearly 4% after the company reported strong quarterly earnings, beating market expectations after strong growth in services Russian mobiles.

On hedge funds tracked by Insider Monkey, a New York-based company Renaissance Technologies is a major shareholder of Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) with 21.5 million shares valued at over $ 180 million.

One of the best growth stocks to buy is Mobile TeleSystems Public Joint Stock Company (NYSE: MBT), as are Amazon.com, Inc. (NASDAQ: AMZN), Tesla, Inc. (NASDAQ: TSLA), Palantir Technologies Inc . (NYSE: PLTR), Shopify Inc. (NYSE: SHOP), Twitter, Inc. (NYSE: TWTR) and Sea Limited (NYSE: SE).

6. United Microelectronics Corporation (NYSE: UMC)

Number of hedge fund holders: 11

Price as of July 21, 2021: $ 9.45 per share

United Microelectronics Corporation (NYSE: UMC) operates as a semiconductor wafer foundry and is based in Taiwan. It has a market capitalization of over $ 23 billion and had annual sales of nearly $ 6.3 billion in 2020. The company recently announced that May’s net sales increased by 16 , 5% year on year and now amounted to NT $ 17.1 billion.

On April 29, investment advisor Macquarie raised the stock of United Microelectronics Corporation (NYSE: UMC) to Outperform Neutral. The price target was also raised to NT $ 67.3 from NT $ 45.3 based on strong first quarter earnings.

At the end of the first quarter of 2021, 11 hedge funds in Insider Monkey’s database had $ 173 million in holdings in United Microelectronics Corporation (NYSE: UMC), up from 12 in the previous quarter of a worth $ 190 million.