Lower-priced stocks tend to have smaller market caps and generally present a better opportunity to get in early on a company's long-term growth. These stocks also appeal to investors who don't have hundreds or thousands of dollars readily available to buy into the stock market.
There are plenty of options out there to find potential investments trading at a lower price, but it's harder to find great companies trading so low. Here is a list of 3 top stocks currently trading under $10 a share. These companies probably won't stay cheap forever because of their growth potential and some compelling business models.
The first pick is Sirius XM (NASDAQ: SIRI), a Warren Buffett-backed bet on satellite radio. The second pick is Jumia (NYSE: JMIA), a high-risk/high-reward e-commerce company based in Africa. And the third pick is Zynga (NASDAQ: ZNGA), an investment in the coronavirus-resistant mobile gaming industry. Let's learn a bit more about these low-priced investment options.
Source Fool.com