6 Stocks Trading Under $5 on Winning Streaks

6 Stocks Trading Under $5 on Winning Streaks

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Looking for low priced stocks to add to your portfolio? We're here to help.

Finding quality stocks in a low-price range can be difficult, so we started with a universe of names with market caps above $300 million and trading between $1 and $5. Markets trading at these values tend to be less observed than their higher-priced peers, and less scouted by penny stock investors. We feel stocks in this range offer an opportunity to explore a relatively unobserved universe of stocks. High market caps suggest greater stability.

We looked for stocks showing signs of outperforming the market – which can mean big percentage gains for stocks in the low price range. To do this we screened for stocks on winning streaks, measured by a persistence of days in which the stock outperformed the S&P 500 and little persistence of days in underperforming the index. We measured this by the ratio of the longest winning streak (in days) divided by the longest losing streak over the last month.

Business Section: Investing Ideas

A recap: The stocks listed below meet all of the following criteria:

- Share price between $1 and $5
- Market cap above $300 million
- Currently on a winning streak

Do you think these stocks will continue to win? Use this list as a starting point for your own analysis.

List Average 1-Year Return: 62%.

 

1. Golden Star Resources, Ltd. (GSS, Earnings, Analysts, Financials): A gold mining and exploration company, through its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties. Market cap at $510.01M, most recent closing price at $1.97. The stock's average daily alpha vs. the S&P500 index stands at 2.06% (measured close to close, over the last month). During this period, the longest winning streak lasted 9 days (i.e. the stock's daily returns outperformed the S&P 500 for 9 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 4.5).

 

2. Office Depot, Inc. (ODP, Earnings, Analysts, Financials): Together with its subsidiaries, supplies office products and services. Market cap at $730.01M, most recent closing price at $2.56. The stock's average daily alpha vs. the S&P500 index stands at 2.71% (measured close to close, over the last month). During this period, the longest winning streak lasted 5 days (i.e. the stock's daily returns outperformed the S&P 500 for 5 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 2.5).

 

3. Lloyds Banking Group plc (LYG, Earnings, Analysts, Financials): Provides various banking and financial services to personal and corporate customers primarily in the United Kingdom. Market cap at $43.79B, most recent closing price at $2.49. The stock's average daily alpha vs. the S&P500 index stands at 0.76% (measured close to close, over the last month). During this period, the longest winning streak lasted 5 days (i.e. the stock's daily returns outperformed the S&P 500 for 5 consecutive days). The longest losing streak lasted 1 day (i.e. a win streak / losing streak ratio of 5.).

 

4. BPZ Resources, Inc. (BPZ, Earnings, Analysts, Financials): Engages in the exploration, development, and production of oil and natural gas in Peru and Ecuador. Market cap at $332.7M, most recent closing price at $2.86. The stock's average daily alpha vs. the S&P500 index stands at 1.18% (measured close to close, over the last month). During this period, the longest winning streak lasted 7 days (i.e. the stock's daily returns outperformed the S&P 500 for 7 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 3.5).

 

5. Hovnanian Enterprises Inc. (HOV, Earnings, Analysts, Financials): Engages in homebuilding and financial services businesses in the United States. Market cap at $407M, most recent closing price at $3.46. The stock's average daily alpha vs. the S&P500 index stands at 1.14% (measured close to close, over the last month). During this period, the longest winning streak lasted 7 days (i.e. the stock's daily returns outperformed the S&P 500 for 7 consecutive days). The longest losing streak lasted 3 days (i.e. a win streak / losing streak ratio of 2.33).

 

6. Dynavax Technologies Corporation (DVAX, Earnings, Analysts, Financials): A clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious diseases. Market cap at $846.19M, most recent closing price at $4.76. The stock's average daily alpha vs. the S&P500 index stands at 0.8% (measured close to close, over the last month). During this period, the longest winning streak lasted 6 days (i.e. the stock's daily returns outperformed the S&P 500 for 6 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 3.).

 

 

Price data sourced from Yahoo! Finance, all other data sourced from Finviz.

 

 

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