Small Cap Ideas: 4 Stocks Under $3 With Improving Analyst Sentiment

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 |  Includes: CGR, CPST, CRBC, PNX
by: Kapitall

If you're looking for small cap ideas, the following list might interest you.

Here we present 4 stocks priced under $3 that have seen significant improvements in analyst rating over the last three months.

Mean analyst ratings of 1 indicates a “buy” recommendation, whereas a rating of 5 indicates a “sell” recommendation - therefore, the rating becomes more bullish as it approaches 1.

Do you agree with the analyst consensus? Use this list as a starting-off point for your own analysis.

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List sorted by change in rating.

1. Capstone Turbine Corp. (NASDAQ:CPST): Industrial Electrical Equipment Industry. Market cap of $474.74M. Current price at $1.93. Over the last three months, the average analyst rating improved from 1.25 to 1. The stock is a short squeeze candidate, with a short float at 12.88% (equivalent to 5.97 days of average volume). The stock has had a good month, gaining 21.38%.

2. Citizens Republic Bancorp, Inc (NASDAQ:CRBC): Regional Bank. Market cap of $347.05M. Current price at $0.87. Over the last three months, the average analyst rating improved from 2.5 to 2. This is a risky stock that is significantly more volatile than the overall market (beta = 2.09). It's been a rough couple of days for the stock, losing 7.03% over the last week.

3. Claude Resources, Inc. (NYSEMKT:CGR): Gold Industry. Market cap of $363.03M. Current price at $2.58. Over the last three months, the average analyst rating improved from 2 to 1.83. The stock has had a couple of great days, gaining 6.17% over the last week.

4. Phoenix Companies Inc. (NYSE:PNX): Life Insurance Industry. Market cap of $307.03M. Current price at $2.64. Over the last three months, the average analyst rating improved from 2.86 to 2.67. The stock is a short squeeze candidate, with a short float at 5.58% (equivalent to 9.08 days of average volume). The stock has lost 17.5% over the last year.

*Average analyst ratings sourced from Reuters, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.