4 Top-Ranked Tech Stocks Under $10 With Room To Run

“Price is what you pay. Value is what you get.” — Warren Buffet. Following the wisdom of the Oracle (NYSE:ORCL) of Omaha, investing isn’t always about big capitals and extensive thinking capabilities; it is about taking the call no matter how small. In fact, starting small can be a great way to get acquainted with the market. The catch is to spot low priced stocks that also possess very strong fundamentals.

Technology is one of the biggest buying opportunities on the market right now. The wide reach of cloud-based platforms, AI solutions, AR/VR reality devices, autonomous cars and Internet of Things (IoT) is incredible to say the least. So when it comes to the players in this industry, it will not be too ambitious presume a prosperous journey ahead.

Some of the obvious picks include Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) which dominate the tech industry. Yet, these are not the only companies poised to keep growing in the tech space. In fact, we will concentrate on low-priced stocks beyond these household names with a good Zacks Rank and growth potential.

So how can investors be confident that the low-priced stocks they are considering would yield significant returns over the long term? Basically, there is no magic formula or set theory but there are little intricacies that make these stocks more attractive.

Investor returns are significant with even a minuscule gain in stock price, as the percentage gain on such stocks is a lot higher.

The Winning Strategy

With the help of our Zacks Stock Screener, we have shortlisted stocks that hold immense growth potential. Today we have handpicked four cheap technology stocks that are currently trading under $10 per share. All of these stocks currently have a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

To further narrow down the list, we have selected those that have Growth Score of A or B. Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.

Our Picks

Amtech Systems, Inc. (NASDAQ:ASYS) is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. The company outpaced the Zacks Consensus Estimate in the trailing four quarters, with an average positive earnings surprise of 400.5%.

It sports a Zacks Rank #1. The stock has Growth Score of B. In the past three months, shares of this company have returned 16.7% compared with the industry’s gain of 10.8%. Moreover, the stock is currently valued at $8.93.

AudioCodes Ltd. (NASDAQ:AUDC) is a vendor of advanced voice networking and media processing solutions for the digital workplace. The company has surpassed the Zacks Consensus Estimate by an average of 16.2% in the trailing four quarters.

AudioCodes has a Zacks Rank #2 and Growth Score of A. The stock is currently valued at $7.59. In the last three months, shares of this company have increased 2% compared with the industry’s decline of 1.3%.

MAM Software Group, Inc. (NASDAQ:MAMS) develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The company outpaced the Zacks Consensus Estimate in the last four quarters, recording an average positive earnings surprise of 94.8%.

The company has a Zacks Rank #2 and Growth Score of A. Shares of the company have gained 10.8% in the past three months compared with the industry’s growth of 6.2%. Moreover, the stock is currently valued at $8.33.

Thesocial media technology company, The Meet Group, Inc. (NASDAQ:MEET) has a Zacks Rank #2 and Growth Score of B. Shares of the company have surged 33.1% in the past three months compared with the industry’s gain of 1.6%. Moreover, the stock is currently valued at $3.34.

The company has surpassed the Zacks Consensus Estimate by an average of 54.8% in the trailing four quarters.

To Conclude

For smaller investors looking to get into solid stocks at lower prices, the abovementioned picks are good options to start with as these could yield impressive returns going forward.

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