S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
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Microsoft strikes 10-year deal with Nintendo on Call of Duty
"The Bull Market Is Officially OVER"  (Ad)pixel
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Next-Generation Fighter Jets?!? (Must See) (Ad)pixel
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"The Bull Market Is Officially OVER"  (Ad)pixel
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
"The Bull Market Is Officially OVER"  (Ad)pixel
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Next-Generation Fighter Jets?!? (Must See) (Ad)pixel
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"The Bull Market Is Officially OVER"  (Ad)pixel
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
"The Bull Market Is Officially OVER"  (Ad)pixel
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Next-Generation Fighter Jets?!? (Must See) (Ad)pixel
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"The Bull Market Is Officially OVER"  (Ad)pixel
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
"The Bull Market Is Officially OVER"  (Ad)pixel
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds

10 Cheap Stocks Under $10 to Buy Now

While the stock market has cooled off from the all-time highs of 2020 and 2021, the stock market continues to look expensive compared to historical averages. Historically, companies on the S&P 500 have traded at about 15 times earnings in a more normal market environment. Despite COVID-19, ongoing inflation, political uncertainty, and international strife, the typical S&P 500 company is still trading at about 21 times earnings. Bullish investors are keeping prices higher than they probably should be, and this is making it challenging to find cheap stocks to buy.

While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.

Some of these companies are great investing ideas because they're too small and too risky to attract most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits but are now trying to turn around and bounce back.

You might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.

#1 - Canaan (NASDAQ:CAN)

Canaan logoCanaan Inc engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. Read More 
 
Current Stock Price
$2.42
P/E Ratio
1.2
Consensus Rating
Buy
Ratings Breakdown
3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$7.67 (216.8% Upside)




#2 - TeraWulf (NASDAQ:WULF)

TeraWulf logoTeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc is based in Easton, Maryland.
 
Current Stock Price
$0.81
P/E Ratio
1.2
Consensus Rating
Buy
Ratings Breakdown
1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$5.00 (517.1% Upside)




#3 - Chimerix (NASDAQ:CMRX)

Chimerix logoChimerix, Inc, a biopharmaceutical company, develops medicines to enhance the lives of patients living with serious diseases. The company's approved product is TEMBEXA (brincidofovir), a lipid conjugate through inhibition of viral DNA synthesis that is developed as a medical countermeasure for smallpox. Read More 
 
Current Stock Price
$2.18
P/E Ratio
1.2
Consensus Rating
Buy
Ratings Breakdown
3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$8.50 (289.9% Upside)




#4 - Ferroglobe (NASDAQ:GSM)

Ferroglobe logoFerroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. Read More 
 
Current Stock Price
$4.06
P/E Ratio
1.5
Consensus Rating
Buy
Ratings Breakdown
2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$10.00 (146.3% Upside)




#5 - Algoma Steel Group (NASDAQ:ASTL)

Algoma Steel Group logoAlgoma Steel Group Inc produces and sells steel products primarily in North America. It provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Read More 
 
Current Stock Price
$6.34
P/E Ratio
1.9
Dividend Yield
3.15%
Consensus Rating
Hold
Ratings Breakdown
0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$12.38 (95.2% Upside)




#6 - CompoSecure (NASDAQ:CMPO)

CompoSecure logoCompoSecure, Inc manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets. Read More 
 
Current Stock Price
$4.39
P/E Ratio
2.0
Consensus Rating
Buy
Ratings Breakdown
3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$14.33 (226.5% Upside)




#7 - Diana Shipping (NYSE:DSX)

Diana Shipping logoDiana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax. Read More 
 
Current Stock Price
$3.36
P/E Ratio
2.1
Dividend Yield
20.11%
Consensus Rating
Buy
Ratings Breakdown
1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$6.00 (78.6% Upside)




#8 - Cherry Hill Mortgage Investment (NYSE:CHMI)

Cherry Hill Mortgage Investment logoCherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. Read More 
 
Current Stock Price
$5.75
P/E Ratio
2.2
Dividend Yield
18.88%
Consensus Rating
Buy
Ratings Breakdown
1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$7.00 (21.7% Upside)




#9 - Costamare (NYSE:CMRE)

Costamare logoCostamare Inc owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.
 
Current Stock Price
$8.76
P/E Ratio
2.2
Dividend Yield
5.08%
Consensus Rating
Buy
Ratings Breakdown
3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$15.67 (78.8% Upside)




#10 - Crescent Point Energy (NYSE:CPG)

Crescent Point Energy logoCrescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. Read More 
 
Current Stock Price
$6.75
P/E Ratio
2.4
Dividend Yield
3.49%
Consensus Rating
Buy
Ratings Breakdown
2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$15.63 (131.5% Upside)



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