The marijuana industry is also focused on infused products and this is a solid play. NewAge Inc. (NASDAQ: NBEV) engages in the development and commercialization of a portfolio of beverages. It operates through the following segments.
The Noni by NewAge segment focuses on the development, manufacturing and marketing of Tahitian Noni Juice, MAX and other noni beverages, as well as other nutritional, cosmetic and personal care products. The NewAge segment markets and sells a portfolio of healthy beverage brands, including XingTea, Marley, Búcha Live Kombucha, Coco-Libre, Evian, Nestea, Illy Coffee and Volvi.
The $5 Alliance Global price target is in line with the consensus target. The shares have traded north of $3 recently.
This could be an interesting play for those looking for a small-cap gaming idea. PlayAGS Inc. (NYSE: AGS) designs and supplies gaming products. The company operates through three segments.
The Electronic Gaming Machines segment includes server-based and back-office systems. The Table Products includes live felt table games, side bets and card shuffler. The Interactive Social Casino Games segment provides casino games on desktop and mobile devices. Its products include slots, cabinets, interactive and table games.
Stifel recently started coverage, and the firm has an $8 price target. The $6.03 consensus target is in the same ballpark as the share price.
These are five stocks for very aggressive investors looking to get share-count leverage with stocks that have sizable upside potential. While not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and other major Wall Street firms also have research coverage.