Further, with Ayro stock trading with a market capitalization of just $57,5 million, the shares are tremendously undervalued at this point. I believe that Wittenschlaeger will be able to get the company’s expenses under control.Īnd since Ayro had $77 million of cash and no debt as of the end of Q3, while it lost $12 million last quarter, he has some time to right the ship. Wittenschlaeger, who has a great deal of managerial experience in the tech and transportation sectors. Meanwhile, in September, Ayro hired a new CEO, Thomas M. What’s more, the company reported that it had received a total of $4.9 million of orders for its new Club Car Current in Q2 and Q3. Specifically, it has found a likely lucrative niche in the electric vehicle space that does not appear to have a great deal of competition and it is partnering with Gallery Carts, which has many top-notch customers within that niche.Īyro has been out in Wall Street’s doghouse in recent months because its operating expenses quadrupled in the third quarter versus the same period a year earlier, causing its losses to also balloon year-over-year.īut on the positive side, unlike many EV start-ups, Ayro is generating meaningful sales, as its top line last quarter came in at over $559,000. Idex stock: Concept art of an electric vehicle with a charging cord coming out.Īs I’ve explained in past columns, Ayro has two huge advantages. The 10 Best Stocks to Buy for a Whole New Year of Returnsĭespite all of these competitive advantages, the market capitalization of QUBT stock is just $91 million. The company’s Chief Technology Officer, Michael Booth, has a tremendous amount of experience in quantum computing and supercomputing, while its CEO, Robert Liscouski, has a great deal of management experience - and likely many excellent contacts –in both government and the private sector. So it appears that the company has first-mover advantage in the race to become the Microsoft (NASDAQ: MSFT) of quantum computing. Quantum Computing provides software that will enable companies to easily utilize quantum computing. Examples of the latter solutions include much better electric-vehicle batteries and objects that lower carbon emissions. The tech giant says that quantum computers will be able to easily solve issues bedeviling many types of firms and help create fantastic new products. So with the macro environment improving for those names, here are seven stocks under $10 to buy:Ī digital rendering of a circuit board and digital chip in neon colors.Īccording to IBM (NYSE: IBM), quantum computers will be much better than the current top supercomputers at solving complex problems. Given these points, I expect worries about inflation and rapid Fed rate hikes to ease soon, creating a much better environment for small-cap and mid-cap stocks.ħ Tech Stocks to Buy That Also Have Solid Dividends government is “starting to prioritize things like the economy over strict pandemic protocols now.” InvestorPlace - Stock Market News, Stock Advice & Trading TipsĪnd as I noted in a previous column, the recent decision by the Centers for Disease Control and Prevention (CDC) to lower the number of suggested quarantine days for those infected indicates that the U.S. Specifically, after analyzing the U.K.’s data, Oxford professor John Bell reported that the tally of vaccinated people in ICUs is “very, very low,” while omicron “does appear to be less severe, and many people spend a relatively short time in hospital.” In the last few months, amid fears about inflation and subsequent interest rate hikes by the Federal Reserve, most small-cap and mid-cap stocks have tumbled sharply.īut now, there is concrete evidence that the omicron variant of the coronavirus is significantly less harmful than earlier variations of the virus. With the macro outlook for small-cap and mid-cap stocks improving, now is a good time to buy cheap stocks under $10.
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