Investing
5 Stocks to Buy Trading Under $10 With Sensational Upside Potential
March 6, 2021 6:05 am
This relatively unknown stock has some big-time upside potential. LiveXLIve Media Inc. (NASDAQ: LIVX) is a digital media company engaged in the acquisition, distribution and monetization of live music, internet radio, podcasting and music-related streaming and video content. It operates LiveXLive, a live music streaming platform, and Slacker Radio, a streaming music service, as well as produces original music-related content.
The company also produces, edits, curates and streams live music events through broadband transmission over the internet and satellite networks to its users. It provides digital internet radio and music services to users online and through original equipment manufacturers on a white label basis. It also offers ancillary products and services, such as regulatory and post-implementation support services.
The $8 Alliance Global target price is higher than the $7.07 consensus target. The shares have retreated from near $5 to less than $3.50 in the past month.
This also could be an outstanding total return play and trade. PennantPark Investment (NASDAQ: PNNT) is a business development firm specializing in direct and mezzanine investments in middle-market companies. It invests in the form of mezzanine debt, senior secured loans and equity investments.
The firm invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, subordinated loans, mezzanine loans and senior secured loans. It seeks to invest in companies based in the United States.
PennantPark seeks to invest between $10 million and $50 million in its portfolio companies. Its mezzanine loans, senior secured loans and other investments in its portfolio companies are between $15 million and $50 million. The firm also may make non-control equity and debt investments.
Investors receive a solid 8.42% dividend. The analysts at Truist Securities have set a $6 price target. The posted consensus target is $6.64, and the stock has traded above $5.50 for the past few weeks.
This is one of many companies helping to restyle the business of selling and marketing cars. TrueCar Inc. (NASDAQ: TRUE) is an internet-based information, technology and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications.
The company’s platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease and fleet portfolios.
Benchmark recently started coverage with an $8 price target. The consensus target is much lower $6.51, but the stock slipped below the $5 level late last week.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
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