3 Under $10 Stocks to Buy Now: Q3 Edition

Core Viewpoint - The article emphasizes the potential investment opportunities in stocks priced under $10, highlighting their growth potential and the impact of retail participation on share prices [1][2][3]. Group 1: Investment Opportunities - Similarweb (SMWB) has seen a 37% increase in stock value since the beginning of the year, although it has lost momentum since March. It currently trades at 2.52X trailing-year sales, slightly below the average of 2.53X, indicating potential for valuation expansion [6][7]. - Analysts project Similarweb's fiscal 2024 sales to reach $244.76 million, reflecting a growth rate of 12.3%, with a potential increase to $278.3 million in the following year, marking a 13.7% growth [8]. - Kinross Gold (KGC) operates in the gold mining sector and may benefit from a dovish shift in Federal Reserve policy. The stock currently trades at 2.54X sales, which is higher than its past year average of 1.69X but still below the industry average of 3.14X, suggesting room for growth [10][11]. - For fiscal 2024, analysts expect Kinross Gold's sales to reach $4.7 billion, an 11% increase from the previous year, with a high-side target of $5 billion [12]. - Baytex Energy (BTE) operates in the oil and gas exploration sector and is positioned to benefit from geopolitical factors. Analysts forecast sales to hit $2.8 billion, representing a 40.7% growth from last year [13][14]. - Baytex Energy's current market price is at 1.03X trailing-year sales, matching the previous year's ratio, while the upstream energy sector's average is 2.15X, indicating significant growth potential [17].