Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive”, and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.
That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.
Today we’ve highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have at least a Zacks Rank #2 (Buy), and a variety of other factors make these companies stand out as having strong upside potential.
Best Growth Stocks For 2019: Takung Art Co., Ltd.(TKAT)
Takung Art Co Ltd (NYSEAMERICAN:TKAT) looked like it was on to something when it launched. It built an online platform for artists, art dealers and art investors from around the world to display their art and also to sell it.
Given the fact that many Chinese have become wealthy over the past couple decades and it’s difficult to move money out of the country, one smart store of wealth is a hard asset like art.
The problem now is, the free-wheeling days of the Chinese economy are slowing and much of the growth is being driving by an expanding middle class that isn’t particularly interested in fine art.
TKAT is off 41% from its IPO in 2016 and more than 70% in the past year. No masterpiece here.
Best Growth Stocks For 2019: United Natural Foods, Inc.(UNFI)
United Natural Foods, Inc. (NASDAQ:UNFI) is the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. The company offers more than 1,00,000 high-quality natural, organic and specialty products, consisting of national, regional and private label brands in six product categories. The stock currently has a Zacks Rank #1 and a Value Score of A. Also, the 3-5 year EPS growth rate for the stock is estimated at 8.2%.
Best Growth Stocks For 2019: Comstock Resources, Inc.(CRK)
Shares of Comstock Resources Inc (NYSE:CRK), an independent oil and gas play focused in the onshore Gulf of Mexico area, has seen shares jump up and over their 50-day and 200-day moving averages since late April, setting up a run at the late-January highs … which would be worth a gain of 40% from current levels.
The company last reported results on Feb. 26, with a loss of 31 cents per share beating estimates by 66 cents. On April 2, the company announced a series of transactions in support of refinancing nearly all of its existing debt in an effort to lower its cost of capital and improve liquidity.