3 Tech Stocks Under $10 to Buy Now
www.zacks.com/stock/news/427213/...he-day?cid=CS-ZC-HL-427213
"..throughout China. Vipshop’s first-quarter fiscal 2019 revenue popped 7.3% and its total active customer base expanded by 14%. On top of its under $10 price tag, VIPS shares are currently trading at 9.3X forward earnings, which marks a discount compared to its industry’s 18.6X and is not too far above Chinese e-commerce giant Alibaba’s 7X. On top of that, its price/sales ratio of 0.36 falls well below its industry’s 1.01 average.
Looking ahead, the company’s full-year 2019 EPS figure is projected to surge over 31% to reach $0.76 per share on the back of 3% revenue expansion, which is projected to reach $13.07 billion. Peeking further ahead, VIPS’ adjusted 2020 earnings are projected to climb roughly 31.5% above our current year estimate. Vipshop stock has jumped 33% so far this year. VISP is a Zacks Rank #2 (Buy) at the moment that also sports a “B” grade for Value and an “A” for Momentum in our Style Scores system. ..."
www.zacks.com/stock/news/427213/...he-day?cid=CS-ZC-HL-427213