On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. This makes UTI worth considering, now or on further weakness. Achieving this is likely enough to send UTI stock back up to prices above $10 per share, from current levels (around $6.25 per share). Best stocks under 10 to buy Assertio Holdings (ASRT) CompoSecure (CMPO) Garrett Motion (GTX) Heritage Global (HGBL) Vertex Energy (VTNR) Compare the best. Even so, although not translating into earnings growth at first, the growth of Universal Technical Institute’s operations could start to have a positive impact on earnings during Fiscal Year 2024 (FY24, fiscal year ending September 2024).Īnalyst forecasts call for EPS to jump from 11 cents in FY23, to 67 cents in FY24. Sure, this may be because UTI is guiding for a drop in net income next year, despite a big expected increase in student enrollment and revenue. Shares tumbled again earlier this month after the trade school operator’s latest earnings report, despite the results coming in ahead of analyst forecasts.
Universal Technical Institute (NYSE: UTI) shares have declined by around 20% this year. Each one offers investors a very favorable risk/reward proposition at current prices. Nvidia, which has exploded higher on AI semiconductor chips, traded under 10. That’s the case here with these seven best cheap stocks under $10 per share. Skeptics of low-priced shares should remember that at one point Amazon, Apple and Netflix traded in the single digits. Not only that, given their low valuations, as well as company-specific catalysts, the top names in this category have a strong chance of making an outsized move higher, when the overall stock market begins to recover. However, that may not necessarily be the case with stocks trading at both a low stock price, as well as a relatively-low earnings multiple.Īlready trading at discounted prices, additional market volatility may have a less severe impact compared to pricier stocks. Yes, riskier plays such as speculative growth stocks have been hammered over the past twelve months, and could continue to drop in price. Still, that doesn’t mean you should skip out on some plays perceived to be risky, such as the best cheap stocks under $10 per share. Factors such as inflation, interest rates, and the economic slowdown point to more uncertainty ahead for the markets. This was a challenging year for investors, and challenges are likely to continue into 2023. Finding the best cheap stocks under $10 in these market conditions can be worth your while.
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