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. We are also keenly aware of the latest sector trends and make sure to cover all of the hottest industries.
Today we’ve highlighted three stocks that fall into the broad “technology” sector. Each of these three stocks is currently trading for less than $10 per share and holds a Zacks Rank #2 (Buy) or better. Take a look at the strong estimate revision activity and other factors that make these tech companies stick out right now:
Top 5 Gold Stocks To Buy For 2019: Elevate Credit, Inc.(ELVT)
Elevate Credit offers online credit solutions—including installment loans, lines of credit, credit building, and credit reporting products—to non-prime consumers. ELVT has emerged as one of our hottest low-priced picks lately, surging more than 24% in the past month. But even with these gains, the stock is trading at a relatively cheap 12.2x forward 12-month earnings. Plus, it should be able to break higher by posting solid earnings results later this month. Current estimates have the company reporting EPS growth of 87.5% for the period. ELVT will also hope to carry its Zacks Rank #1 (Strong Buy) into that report date.
Top 5 Gold Stocks To Buy For 2019: LM Ericsson Telephone Company(ERIC)
Ericsson is a world-leading supplier in the telecommunications and data communications industries, offering advanced solutions for mobile and fixed networks, as well as consumer products. ERIC is holding a Zacks Rank #2 (Buy) and looks appealing from growth and momentum perspectives. Earnings are expected to improve by more than 135% in the current fiscal year, and the stock has surged more than 22% in the trailing 12 weeks. Still, ERIC is trading with a P/S of just 1.1, which is a nice discount compared to its industry’s average of 1.3.
Top 5 Gold Stocks To Buy For 2019: 21Vianet Group, Inc.(VNET)
21Vianet is one of China’s leading carrier-neutral internet data center services providers. The firm provides hosting and related services, managed network services, and cloud computing infrastructure. VNET is currently holding a Zacks Rank #2 (Buy) and looks like an interesting pick for anyone trying to find strong Chinese tech stocks.
Shares have added a staggering 54% in the past three months but could break higher if 21Vianet lives up to its growth expectations, with current estimates calling for earnings to improve by 83% in 2018. Meanwhile, the company is seeing cash flow growth of 103% right now. Still, with the stock sporting a P/S ratio of just 2.2, investors are clearly getting a solid price at the moment.