3 Stocks Under $10 That Surged Today

Here at Zacks, we encourage investors to follow our proven stock-picking system, which places a great deal of emphasis on earnings estimate revisions in order to find winning stocks. However, we also always seek to cover stocks, big and small, that are making noteworthy moves.

Furthermore, we understand that stocks with low prices can often catch many investors’ eyes. One group of stocks that investors sometimes pay particular attention to are those currently trading under $10 per share. These stocks present retail investors with the opportunity to take a considerable position in a company.

The ability to buy up large positions—akin to intuitional investors that grab large chunks of S&P 500 giants—also means that stocks trading for $10 or less are often subject to massive one-day swings.

Now, let’s take a look at three companies trading for less than $10 per share that surged today:

Ramaco Resources, Inc. (NASDAQ:METC)

This coal company saw its stock price surge by nearly 8% on Thursday. Before today’s climb, shares of Ramaco had popped over 45% within the last four weeks. Based on our current Zacks Consensus Estimates, Ramaco’s earnings are projected to soar in its current full-year as it looks set to re-enter the black. This EPS growth is also expected to continue into the following fiscal year. Ramaco is currently a Zacks Rank #2 (Buy).

Novavax, Inc. (NASDAQ:NVAX)

Shares of Novavax popped over 4.65% today, bringing the stock to around $1.81 per share. Novavax is currently working on a vaccine for the respiratory syncytial virus, which reportedly sends more infants to American emergency rooms than any other virus. Within the last four weeks, shares of Novavax have skyrocketed nearly 55%, as investors hope to get in on the ground floor of a potentially game-changing drug. This small-cap, clinical-stage biotech firm is currently a Zacks Rank #3 (Hold).

Fate Therapeutics, Inc. (NASDAQ:FATE)

Shares of this clinical-stage biopharmaceutical firm, which specializes in cellular immunotherapies for cancer and immune disorders, popped 3.16% today. Before today’s climb, Fate Therapeutics stock had soared nearly 75% over the last 12 weeks, lifting the stock near its 52-week high. Like many other clinical-stage biotech companies, Fate is still in the red. However, the company’s revenues are expected to surge 39% in 2018 as it tries to inch closer to the black. Fate is currently a Zacks Rank #3 (Hold).

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