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Many investors are interested in low-price stocks since they have the potential for significant percentage gains when the fundamentals are strong or improving. Of course, the stock price can swing both ways -- hence it also creates opportunity for investors who like to short. Positive earnings is one of the primary things that factors into stock prices over the longer term. Here I have screened 10 stocks based on the following criteria:

  • Security Price: Greater than $1.00, Less than $10.00
  • P/E (Next-Year Estimate): Less than or Equal to 15.0
  • EPS Growth (Projected Next Year vs. This Year): Greater than or Equal to 15.00%
  • Forward EPS Long-Term Growth (3-5 Years): Greater than 15.00%, Less than 35.00%
  • EPS Growth (Projected This Year vs. Last Year): Greater than or Equal to 15.00%
  • Security Type: Common Stock

The following table shows the top 10 low-price stocks with high projected growth:

Click to enlarge image.

1. FSI International (NASDAQ:FSII): FSI International designs, manufactures, markets and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. FSI International has a market cap of $193.6M and it is currently trading around $4.9394 with a 52-week range of $1.70-$5.44. Revenue growth for the last quarter is 25.05% when compared to same quarter prior year. Projected EPS growth for this year is 93.81% when compared to last year. FSI International has 5.76% return on assets and 7.08% return on equity. The stock has 33.88% price performance for the year 2012.

2. Gleacher & Co. (NASDAQ:GLCH): Gleacher & Co. is an investment bank that provides corporate and institutional clients with advice and execution in the areas of advisory services, capital raising and research, sales and trading. Gleacher & Co. has a market cap of $121.7M and it is currently trading around $1.06 with a 52-week range of $0.99-$2.47. Revenue growth for the last quarter is -3.97% when compared to the same quarter prior year. Projected EPS growth for this year is 73% when compared to last year. Gleacher & Co. has -2.73% return on assets and -20.92% return on equity. The stock has -38.69% price performance for the year 2012.

3. Santarus (NASDAQ:SNTS): Santarus is a specialty biopharmaceutical company focused on acquiring, developing and commercializing products that address the needs of patients treated by physician specialists. Santarus has a market cap of $355.2M and it is currently trading around $5.8 with a 52-week range of $2.40-$6.13. Revenue growth for the last quarter is 64.59% when compared to same quarter prior year. Projected EPS growth for this year is 140% when compared to last year. Santarus has 4.75% return on assets and 10.44% return on equity. The stock has 73.72% price performance for the year 2012.

4. Orbitz Worldwide (NYSE:OWW): Orbitz is a global online travel company that uses technology to enable leisure and business travelers to search for and book a range of travel products and services. Orbitz has a market cap of $326.95 million and it is currently trading around $3.15 with a 52-week range of $1.57-$4.49. Revenue growth for the last quarter is 0.22% when compared to same quarter prior year. Projected EPS growth for this year is 99% when compared to last year. The stock has -16.22% price performance for the year 2012.

5. Lionbridge Technologies (NASDAQ:LIOX): Lionbridge Technologies provides a suite of language, development and testing solutions to businesses, particularly in the technology, mobile and telecommunications, Internet and media, life sciences, government, manufacturing, automotive, retail and aerospace industries. Lionbridge Technologies has a market cap of $153.7M and it is currently trading around $2.67 with a 52-week range of $1.94-$3.63. Revenue growth for the last quarter is 6.99% when compared to same quarter prior year. Projected EPS growth for this year is 477% when compared to last year. The company has 1.08% return on assets and 3.75% return on equity. The stock has 14.41% price performance for the year 2012.

6. Bank of America (NYSE:BAC): Bank of America is a bank holding company, and a financial holding company. Bank of America has a market cap of $93.157B and is currently trading around $8.68 with a 52-week range of $4.92-$12.71. Revenue growth for the last quarter is -17.56% when compared to same quarter prior year. Projected EPS growth for this year is 6880% when compared to last year. The company has -0.06% return on assets and -0.63% return on equity. The stock has 57.73% price performance for the year 2012.

7. Aegean Marine Petroleum Network (NYSE:ANW): Aegean Marine Petroleum Network is an independent physical supplier and marketer of refined marine fuel and lubricants. Aegean Marine Petroleum Network has a market cap of $361.0M and it is currently trading around $7.81 with a 52-week range of $3.19-$9.25. Revenue growth for the last quarter is 19.68% when compared to same quarter prior year. Projected EPS growth for this year is 80.95% when compared to last year. It has 0.7% return on assets and 2.15% return on equity. The stock has 87.01% price performance for the year 2012.

8. PC Mall (MALL): PC Mall, along with its wholly owned subsidiaries, is a direct marketer of technology products, services and solutions to businesses, government and educational institutions and individual consumers. PC Mall has a market cap of $73.2M and it is currently trading around $6.1 with a 52-week range of $4.80-$10.34. Revenue growth for the last quarter is -8.36% when compared to same quarter prior year. Projected EPS growth for this year is 155% when compared to last year. PC Mall has 0.89% return on assets and 2.84% return on equity. The stock has -4.14% price performance for the year 2012.

9. World Energy Solutions (NASDAQ:XWES): World Energy Solutions is an energy management services company. The company has developed three online auction platforms: the World Energy Exchange, the World Green Exchange and the World DR Exchange. World Energy Solutions has a market cap of $51.1M and it is currently trading around $4.3 with a 52-week range of $2.63-$5.10. Revenue growth for the last quarter is 20.18% when compared to same quarter prior year. Projected EPS growth for this year is 140% when compared to last year. The company has 2.31% return on assets and 3.01% return on equity. The stock has 42.38% price performance for the year 2012.

10. JetBlue Airways (NASDAQ:JBLU): JetBlue Airways is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft. JetBlue has a market cap of $1.343B and it is currently trading around $4.76 with a 52-week range of $3.40-$6.38. Revenue growth for the last quarter is 22.17% when compared to same quarter prior year. Projected EPS growth for this year is 83.1% when compared to last year. JetBlue has 1.24% return on assets and 5.04% return on equity. The stock has -7.02% price performance for the year 2012.

Sources: Some of the data is sourced from Google Finance, Yahoo Finance and Fidelity.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to the investors to make the correct decision after necessary research.

Source: 10 Stocks Under $10 With High Projected Growth