10 Cheap Tech Stocks to Buy for Under $10
Cheap stocks - those that trade for a small nominal dollar amount, say, less than $10 - are a double-edged sword. And those blades can be even sharper in the case of tech stocks.
On the one hand, while the actual dollar price of a stock typically doesn't tell you much about it (a $50 stock can be every bit as secure as a $500 stock), at a certain point, stock price does matter. Some institutional buyers (such as mutual funds) will avoid stocks under $10, and even more will give the cold shoulder under $5. Under the $1 mark, exchanges such as the New York Stock Exchange and Nasdaq likely will threaten to delist the stocks. That's because typically, at those prices, stocks are trying to tell you something - and it's often not a positive message.
The flip side? Institutional buyers can inflate stock valuations, so a lack thereof can keep them undervalued. The same goes for Wall Street analysts - typically, sub-$10 stocks may only have a few pros paying attention, further lowering the likelihood that these shares are overcrowded.
Here are 10 cheap tech stocks to buy that all trade for less than $10. Importantly, they all show significant growth potential, and according to ' data covering the past few months, they all boast a "Moderate Buy" or "Strong Buy" consensus rating from the few Street analysts still covering the stocks. Just remember: Cheap stocks often are cheap for a reason; all of
