Investing

13 Analyst Stocks at $10 and Under With Huge Implied Upside

24/7 Wall St. has also tracked seven more stocks around $10 price or less that have huge implied upside if the analysts covering these stocks turn out to be accurate. They are as follows:

Sonus Networks Inc. (NASDAQ: SONS) was started as Outperform with a $4.65 to $4.75 fair value range by Wells Fargo on Tuesday. This was against a $3.95 closing price on Monday. This company was an $8 stock back in 2007, but it just has been unable to stay above $4 since 2008. Will this time be different?

Alliqua Inc. (NASDAQ: ALQA) is a micro-cap stock worth only about $66 million, in the field of proprietary transdermal wound care and drug delivery technologies. With shares barely at $4 of late, a firm named H.C. Wainwright started coverage on Alliqua with a Buy rating and a whopping $10 price target.

Energous Corp. (NASDAQ: WATT) is still a relatively new company, but it recently completed a $21 million net capital raise at $7.00 per share. Roth Capital Partners started coverage with a Buy rating and a $15 price target. With shares around $10, its 52-week range is $7.11 to $16.44. Investors should know that Roth was a co-book runner in that offering. Energous is a company that could have major promise if it can deliver in its wire-free charging technology ambitions. And, yes, that implies that it comes with much risk as well.

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Halozyme Therapeutics Inc. (NASDAQ: HALO) was started as Buy at MLV & Co. on Wednesday. The $12 price target compared to a prior close of $9.03, and shares ended the week at $9.62. This target of $12 is more than $1 under the consensus price target, but it implies nearly 20% upside.

NeuroDerm Ltd. (NASDAQ: NDRM) is a relatively new stock and its volume is light. Therefore, we are not offering any color on it. The stock was up almost 9% at $6.35 ahead of the Christmas break, after Oppenheimer started coverage with an Outperform rating and a whopping $18 price target. That is nearly 200% in implied upside if they are right. Shares closed the week at $6.06.

NQ Mobile Inc. (NYSE: NQ) has been slaughtered this year, and some investors have more than just serious questions. Topeka Capital Markets maintained its Buy rating but lowered its price target to $8.50, supposedly from $33 previously. Due to the nature of this stock, we are offering no color at all. Still, its shares were up handily above $4 again after news of an $80 million buyback.

Quest Resource Holding Corp. (NASDAQ: QRHC) offers integrated sustainability and recycling solutions to businesses, and its $150 million market cap is so small that it would be overlooked by many analysts. Maxim Group started coverage with a Buy rating last week. The firm’s $1.80 price target implies 33% upside from the $1.35 prior close. Quest Resource also has a 52-week range of $1.21 to $6.23, so perhaps the analyst initiation is trying to call a bottom.

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A runner-up this past week was CryoLife Inc. (NYSE: CRY). This medical devices (and implants player) rarely gets analyst calls and it was just above $10 prior to the call — hence the runner-up. Piper Jaffray raised its rating to Overweight from Neutral and raised its price target to $15 from $10, versus a prior close of $10.39. If the market brings a pullback, you have at least one analyst with big upside expectations. This was actually a new street-high analyst target, as the prior high analyst target was $14.

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