In a world where the inflation keeps hitting us often, investing in stocks is considered a pragmatic way to enter the market and earn money, which can ultimately ease our lives. Building your own stock portfolio can be a bit tricky especially if you are new to the market and do not know where to begin. There is a risk involved in any investment, but with carefulness and ample research, and a little bit of risk taking ability, there are some attractive stocks in the market that can give you high returns. Here’s a list of top 10 stocks that you probably haven’t heard of before that you can buy around $10 that have a low Market Cap with huge potential. However, is entirely up to you to decide if these stocks would be a good fit for your portfolio.
Workhorse (WKHS) (Price= $6.27 as of 22nd Nov 2021) is a company that designs, manufactures, builds and sell electric trucks and aircrafts. The company’s Market Cap is over $1 Billion. It has the Beta of 2.53, which means the moves of this stock tend to be greater than the moves of the overall market. So, if you believe that the future is in electric vehicles, then this stock might just be the one you’re looking to invest in.
23andMe (ME) (Price=$9.97 as of 22nd Nov 2021) is a consumer genetics and research company, which provides all the information about one’s ancestry composition and detailed information, reports on the health and how to take preventive action against potential harmful genes that one might carry. The world is getting more health conscious and services like this can potentially target every health conscious individual on the planet. With the Market Cap of over $4 Billion and the ability to use their data that they collect from millions and millions of people, there is no denying that the company is bound to collect huge profits by 2022.
Inovio Pharmeceuticals (INO) (Price=$7.35 as of 22nd Nov 2021) is a biotech company focusing on DNA medicines to prevent and treat diseases associated with HPV and cancer and infectious diseases like Covid-19. The continued research of our DNA has and will continue to make innovations in the development of treatments and even cure some of these diseases. Inovio has a Market Cap of $1.55 Billion and if you have confidence that it could deliver on some of the things they are working on, then there is no reason why this cannot be a $10 Billion stock in the years to come.
Canoo Inc. (GOEV) (Price=$10.02 as of 22nd Nov 2021) is a startup American manufacturer of electric vehicles, which include all purpose type vehicles and delivery vehicles. Canoo has a Market Cap of $2.39 Billion with a Beta of 0.18, which indicates that it’s less volatile (risky) in the market. The company plans to sell a minivan in the year 2022. The company’ also plans to produce commercial electric vehicles such as vans for vehicle rental and ride sharing services, which can potentially bring increased revenue for the company. If you look at their company for yourself and if you think they can succeed in the industry, then $5 Billion Market Cap seems like small peanuts to the potential of what a company like this can do.
Desktop Metal (DM) (Price=$6.91 as of 22nd Nov 2021) is a 3D printing company that focuses on selling, manufacturing solutions for engineers, designers and big manufacturers for things like parts, prototypes and mass production of items. It has a Market Cap of over $2 Billion. It is relatively a new company, even though 3D printing has been around for quite some time now. Recently, Desktop Metal and The University of Toledo Institute of Applied Engineering Research have partnered to develop nitinol, rene and non-weldable nickel-based alloys using production system technology. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum, named to MIT Technology Review’s list of 50 Smartest Companies, and the 2021 winner of Fast Company’s Innovation by Design Award in materials. With Beta of just 0.36, this company seems plausible to invest in because of its promising role in the future.
Clover Health (CLOV ) (Price=$5.75 as of 22nd Nov 2021) is a medicare insurance provider and insurance business is one of the best businesses you can be in. If you like the idea of selling options and collecting premium, then you basically like the idea of insurance model of making money and collecting premium. Clover Health is trading with a Market Cap of around $2.5 Billion. It’s important to note how this company uses their technology and mends it with the insurance business to see if it is a good fit for your portfolio. CLOV stock is surprisingly cheap as the company continues to expand its presence, which is why an investment today could yield healthy returns down the line.
BLADE Urban Air Mobility, Inc.(BLDE) ((Price=$9.66 as of 22nd Nov 2021) is an urban air mobility platform based in New York City. It allows users of its app to book seats on scheduled flights throughout the Northeast and West Coast of the United States, and also arrange private charter flights. Today, the company predominantly uses helicopters and amphibious aircraft for its passenger routes and is also one of the largest air medical transporters of human organs for transplant in the world. BLDE has a Market Cap of $670 Million. Analysts have recently given it a rating of 1.5, which is between “strong buy” and “buy”. There’s no denying that a company like this will expand its market around the globe and might upgrade their existing technology which is why it is wise to have this particular company on the watchlist to ultimately add it in your portfolio.