Possibly you’re trying to spend money on shares however you don’t have that a lot cash to spare. Or perhaps you want to purchase a inventory of an organization that’s simply starting its development journey. Nicely, regardless of the purpose you is perhaps fascinated about small cap shares buying and selling underneath $10, I believe you have got come to the suitable place.

On this article, I’ll evaluation three shares underneath $10 which can be value your consideration.

Blackberry

Most of us have heard of Blackberry Ltd. (TSX:BB). However I ponder if most of us actually know what this firm is about. Let me clarify.

Years in the past, Blackberry was the chief in hand-held cell phones. Many traders nonetheless consider that once they consider Blackberry. Extra lately, Blackberry was a meme inventory that bought caught up in a frenzy of retail shopping for. At the moment, the inventory shot up from underneath $10 to over $30, then again down once more simply as shortly. That is what some traders consider once they consider Blackberry.

However the reality about Blackberry is a lot extra thrilling. You see, Blackberry is the chief in software-defined automobiles, a enterprise that’s rising quickly. In truth, 20% of automobiles made right now are thought of superior software program automobiles. Blackberry has an over 90% market share in all these automobiles.

The corporate’s newest outcomes beat expectations as its enterprise is gaining momentum, with earnings per share (EPS) anticipated to return in at $0.14 this fiscal yr versus $0.02 final yr.

Northwest Healthcare Properties REIT

One other inventory underneath $10 that I consider is an effective possibility is Northwest Healthcare Properties REIT (TSX:NWH.UN). Northwest’s worth is in its dividend yield of seven.1%, defensive enterprise, and regular long-term development profile. Regular, constant returns are seemingly with this inventory because it advantages from an growing old inhabitants.

You see, Northwest has fairly just a few issues going for it at the moment. Firstly, the Financial institution of Canada lower its key rate of interest once more to 2.25%. That is good for actual property trusts like Northwest as they maintain fairly a little bit of debt. Additionally, the growing old inhabitants ensures that demand for medical buildings will proceed to be robust. Lastly, Northwest’s weighted common lease expiry is at the moment 13.5 years, its occupancy charge is 97%, and 84% of the leases are topic to hire indexation.

The second quarter noticed a continued stabilization of Northwest’s enterprise, with additional decreases in debt, a 20% improve in adjusted funds from operations, and additional reductions in its payout ratio.  Northwest will probably be reporting its third-quarter outcomes on November 12.

Nicely Well being Applied sciences

The final inventory buying and selling underneath $10 that I’d like to spotlight is Nicely Well being Applied sciences Ltd. (TSX:WELL). Nicely Well being is an organization that continues to drive robust income development because it strives to digitize Canada’s healthcare system.

In Nicely Well being’s newest quarter, income elevated 57% to $356.7 million, EPS got here in at $0.10, and its free money circulate elevated 34% to $11.7 million. Within the final yr, the inventory elevated 14% to the present $5.04, and the expectation for 2025 EPS is $0.32 versus $0.13 in 2024. This represents a development charge of 146%.

Nicely Well being’s inventory is buying and selling at 15 instances this yr’s anticipated earnings and 13 instances subsequent yr’s anticipated earnings. For my part, it’s due for a revaluation as the corporate continues to see success. The healthtech will report its third-quarter outcomes on November 6.

The underside line

For my part, these three shares underneath $10 present clear potential to supply traders with robust returns within the coming years. Whereas Blackberry and Nicely Well being have extra danger, additionally they have far increased return potential. Northwest, then again, is probably going to supply persistently engaging dividend earnings with some regular long-term development.