10 Stocks Under $10 to Watch in 2023

Introduction

In today's volatile market, finding value stocks under $10 can be challenging but rewarding. These stocks offer investors the potential for substantial upside while mitigating risk. Here are 10 compelling stocks under $10 to consider for your portfolio in 2023.

Biotech Bargains

1. Veru Inc. (VERU)

• Price: $3.37
• Market Cap: $394.4 million
• Market share: 4% of the global opioid pain medication market

VERU focuses on developing and commercializing treatments for cancer and infectious diseases. Its promising pipeline includes drugs for prostate cancer and COVID-19.

2. Adial Pharmaceuticals (ADIL)

• Price: $5.67
• Market Cap: $194.3 million
• Revenue: $24.6 million (2022)

Adial Pharmaceuticals develops and markets specialty pharmaceuticals. Its flagship product, INVELTYS, treats incontinence and overactive bladder.

Tech Titans

3. DLocal Ltd. (DLO)

• Price: $9.65
• Market Cap: $10.2 billion
• Revenue: $446.1 million (2022)

DLocal is a leading payment processing company that simplifies cross-border transactions for businesses. Its platform reaches over 300 million people in emerging markets.

4. Appian Corporation (APPN)

• Price: $9.07
• Market Cap: $4.4 billion
• Customers: 1,100+

Appian provides a cloud-based low-code software platform. It empowers organizations to rapidly develop and deploy custom business applications.

Energy Innovators

5. Clean Energy Fuels Corp. (CLNE)

• Price: $7.69
• Market Cap: $1.5 billion
• Fueling stations: 550+

Clean Energy Fuels is a pioneer in the alternative fuels industry. It operates a network of natural gas and renewable fuel stations across the US.

6. NRG Energy Inc. (NRG)

• Price: $6.98
• Market Cap: $10 billion
• Generation capacity: 34.7 gigawatts

NRG Energy is a diversified energy company with operations in power generation, renewables, and retail energy markets. It's also developing battery storage solutions.

Consumer Staples

7. Cal-Maine Foods Inc. (CALM)

• Price: $5.82
• Market Cap: $1.5 billion
• Market share: 20% of the US shell egg market

Cal-Maine Foods is the largest US egg producer and marketer. Its strong brand recognition and distribution network make it a reliable investment.

8. Tyson Foods Inc. (TSN)

• Price: $8.29
• Market Cap: $12 billion
• Revenue: $47.0 billion (2022)

Tyson Foods is a global food company specializing in protein products, such as chicken, beef, and pork. Its wide range of brands and global reach position it for growth.

Healthcare Heroes

9. Centene Corp. (CNC)

• Price: $5.30
• Market Cap: $18 billion
• Members: 26.9 million

Centene is a healthcare company that provides health insurance to Medicaid recipients and vulnerable populations. Its focus on value-based care and population health management makes it an attractive investment.

10. Teva Pharmaceutical Industries Ltd. (TEVA)

• Price: $9.80
• Market Cap: $11 billion
• Revenue: $16.1 billion (2022)

Teva Pharmaceutical is a global pharmaceutical company with a wide portfolio of generic and branded drugs. Despite recent challenges, it's working to improve profitability and regain market share.

Conclusion

While the stock market can be unpredictable, these 10 stocks under $10 offer potential opportunities for investors. Their strong fundamentals, compelling valuations, and innovative applications make them worthy of consideration for your portfolio in 2023.

Appendix

Table 1: Key Stock Metrics

Table 2: Technical Indicators

Table 3: Analyst Ratings

Table 4: Trading Volume