5 Best Affordable Stocks Under $10

In this article, we discuss the 5 best affordable stocks under $10. To read the detailed analysis of current economic conditions and experts’ outlook around them, go directly to the 10 Best Affordable Stocks Under $10.

5. Vodafone Group Public Limited Company (NASDAQ:VOD)

Number of Hedge Fund Holders: 24

TTM PE ratio as of March 26: 2.14

Share Price as of March 26: $8.68

Vodafone Group Public Limited Company (NASDAQ:VOD) provides telecommunications services and serves 323 million mobile customers across 21 markets and 48 partner markets. The company has various products and services, including Internet of Things services for businesses, cloud services, AI, and more.

Vodafone Group Public Limited Company (NASDAQ:VOD) takes the fifth spot on our list of best affordable stocks under $10. As of March 26, the stock has a TTM PE ratio of 2.14.

According to Insider Monkey’s database, 24 hedge funds held stakes in Vodafone Group Public Limited Company (NASDAQ:VOD) in the fourth quarter of 2023, with positions worth $315.840 million. This is compared to 22 funds with a total stake value of $86.184 million in the third quarter. With 4.25 million shares worth $37.002 million, GoldenTree Asset Management is the top investor in the company as of Q4 2023.

On March 15, Vodafone Group Public Limited Company (NASDAQ:VOD) announced that it is selling Vodafone Italy for around €8 billion (around $8.71 billion) to Swisscom in an up-front cash deal. Commenting on the sale, the CEO Margherita Della Valle said that the company plans on returning €4 billion to its shareholders through buybacks.

4. Crescent Point Energy Corp. (NYSE:CPG)

Number of Hedge Fund Holders: 27

TTM PE ratio as of March 26: 7.45

Share Price as of March 26: $7.94

Crescent Point Energy Corp. (NYSE:CPG) carries out exploration, development, and production of oil and gas properties in the U.S. and Canada. The company has major operations in Central Alberta and Saskatchewan. As of March 26, the stock has a PE ratio of 7.45.

Based on 10 Wall Street analysts’ ratings in the last three months, Crescent Point Energy Corp. (NYSE:CPG) has a consensus rating of Strong Buy. The average price target of $9.56 represents an upside of 20.4% from the last price of $7.94 as of March 26.

In the fourth quarter of 2023, hedge fund sentiment was positive toward Crescent Point Energy Corp. (NYSE:CPG). In the quarter, 27 hedge funds held positions in the company, and their total stake value was $268.157 million. This is compared to 18 funds in the previous quarter, with positions worth $220.415 million. As of December 31, 2023, Thomas E. Claugus’s GMT Capital is the largest shareholder in the company and has a position worth $72.585 million.

On March 20, Crescent Point Energy Corp. (NYSE:CPG) announced that the company’s name would be changed to Veren Inc. During the upcoming annual shareholder meeting on May 10, the company will seek approval for the change.

3. Kosmos Energy Ltd. (NYSE:KOS)

Number of Hedge Fund Holders: 29

TTM PE ratio as of March 26: 13.07

Share Price as of March 26: $5.66

Kosmos Energy Ltd. (NYSE:KOS) is a Texas-based company that carries out deep-water oil production and exploration and gas development. The company’s production projects are located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, while the gas projects are located in offshore Mauritania and Senegal.

On February 26, Kosmos Energy Ltd. (NYSE:KOS) announced earnings for the fourth quarter of 2023. In the quarter, the non-GAAP EPS was $0.31, and revenue amounted to $508 million. The net production grew by 12 year-over-year to 66,000 barrels of oil equivalent per day.

Kosmos Energy Ltd. (NYSE:KOS) takes the third spot on our list of the best affordable stocks under $10 as the stock was part of 29 hedge funds’ portfolios in the fourth quarter of 2023 with a total stake value of $304.765 million. Maple Rock Capital is the top investor in the company and has a position worth nearly $60.192 million as of Q4, 2023. Additionally, the stock has a TTM PE ratio of 13.07 as of March 26.

Patient Capital Management stated the following regarding Kosmos Energy Ltd. (NYSE:KOS) in its fourth quarter 2023 investor letter:

“Kosmos Energy Ltd. (NYSE:KOS) declined from the high seen at the end of September following energy prices lower. The company was also hit as they marginally increased CAPEX expectations and hinted at the potential for their first gas delivery out of Tortue being delayed to 2Q24 from 1Q. Kosmos is an exploration and production services company with assets in Africa. The company is differentiated in the Exploration & Production space because of its growth profile (+30% YoY in 2024), long reserve life (>20yrs, nearly double the sector average) and focus on liquified natural gas (LNG). While the market is focused on near-term risk of production delays, we believe it is ignoring the long-term value of the underlying assets. As we move into 2024, production should inflect higher, climbing 30% YoY, while CAPEX comes down, declining 20% YoY. Together this leads to attractive growth and free cash flow generating asset providing the company the ability to pay down their debt and to return capital. At these levels, the company will generate more than its current market cap in FCF over the next 5 years at $90 Brent prices. With the combination of gas-heavy reserves and inflecting cash flow generation, we think Kosmos is significantly undervalued and a potential acquisition target.”

2. Under Armour, Inc. (NYSE:UA)

Number of Hedge Fund Holders: 31

TTM PE ratio as of March 26: 7.76

Share Price as of March 26: $6.82

Under Armour, Inc. (NYSE:UA) is a developer, marketeer, and distributor of performance apparel, footwear, and related accessories. The company has more than 435 brand and factory houses all over the world and sells its products under different brands, namely Heatgear, Protect This House, I WILL, and more. As of March 26, Under Armour, Inc. (NYSE:UA) has a market capitalization of $3.073 billion.

Under Armour, Inc. (NYSE:UA) has a PE ratio of 7.76 as of March 26. Additionally, in the fourth quarter of 2023, 31 hedge funds held positions in Under Armour, Inc. (NYSE:UA), with positions worth $337.530 million. This is compared to 38 funds’ positions in the preceding quarter worth $241.603 million. As of Q4 2023, Alyeska Investment Group is the largest shareholder in the company and has a position worth $71.804 million.

1. Southwestern Energy Company (NYSE:SWN)

Number of Hedge Fund Holders: 44

TTM PE ratio as of March 26: 5.27

Share Price as of March 26: $7.33

Southwestern Energy Company (NYSE:SWN) produces, develops, and markets natural gas, natural gas liquids, and crude oil. The company’s operations are in the Appalachia and Haynesville Basins, spread over 938,000 net acres. Southwestern Energy Company (NYSE:SWN) has a PE ratio of 5.27 as of March 26.

Southwestern Energy Company (NYSE:SWN) tops our list of best affordable stocks under $10 as it was held by 44 hedge funds in the fourth quarter of 2023, with positions worth $987.046 million. D E Shaw is the biggest shareholder in the company, with a position worth $157.6 million as of December 31, 2023.

Southwestern Energy Company (NYSE:SWN) has received Buy ratings from 4 Wall Street analysts over the past 3 months. The average price target of $7.71 has an upside of 5.184% from the current levels as of March 26.

Should you invest $1,000 in Southwestern Energy right now?

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