Investing
5 Buy-Rated Stocks Trading Under $10 With Huge 2022 New Year's Potential
January 1, 2022 6:10 am
Last Updated: January 7, 2022 10:18 am
Bionano Genomics
Aggressive investors looking for a biotech play are in luck with this microcap stock. Bionano Genomics Inc. (NASDAQ: BNGO) is a genome analysis company that provides tools and services based on its Saphyr system to scientists and clinicians conducting genetic research and patient testing.
The Saphyr system is a research use only platform for ultra-sensitive and ultra-specific structural variation detection that enables scientists and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the study of changes in chromosomes.
Bionano Genomics also provides diagnostic testing for those with autism spectrum disorder and other neurodevelopmental disabilities. In addition, it offers an agnostic cross-platform data interpretation and clinical reporting software that integrates next-generation sequencing and microarray data, and it provides visualization of copy number variants, single-nucleotide variants and absence of heterozygosity across the genome for a fully integrated analysis in one view.
The Oppenheimer target price is $14 price target, and the consensus target is $12.00. The stock closed at $2.99 on Friday.
24/7 Wall St.Grab
This stock has been cut in half since early November, and it appears to have stabilized enough to jump in. Grab Holdings Ltd. (NASDAQ: GRAB) operates a transportation and fintech platform in Southeast Asia. It offers a range of services, including mobility, food, package and grocery delivery services, as well as mobile payments and financial services.
Anthony Tan, Group CEO and co-founder, said this after the company’s successful conversion from SPAC status:
Our evolution into a superapp was guided by the everyday problems we wanted to solve for the people we care about, and accelerated by the growing appetite for digital services in a rapidly transforming landscape. From on-demand mobility and deliveries to digital financial services, enterprise services and more, we believe we are only scratching the surface of the opportunity ahead of us. While there’s no doubt this is an exciting moment, we’re grounded in the knowledge that this is just day one. Our calling remains the same – to unlock greater opportunity for all Southeast Asians to participate in the digital economy.
The $10.50 Jefferies price target is well above the $8.84 consensus target. Grab stock closed on Friday at $7.13 per share.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
