If you are looking to add some stocks to your portfolio in the coming year, then you will certainly be looking for companies that are poised to offer big returns. You cannot predict the future, but you would certainly like to find some stocks out there that are like Apple. The returns that this company has been able to deliver in the past are really something special. At the same time, the average price of a share of Apple is now out of the reach of many investors. That is why you might well be looking for some stocks that are similar to Apple, but cheaper. Here are ten such stocks that you might just want to consider.
10. Digital Turbine
With Digital Turbine you will be a company that has a stock price of just over $3 per share but is targeted to go over $4 in the coming year. That is a good return. This is a company that specializes in mobile advertising on applications. Revenue in the most recent quarter just from $23 million to $30 million. Expenses are relatively low and earnings projections continue to trend upward. This is a company worth looking at.
9. Adesto Technologies
Adesto Technologies is a company that makes semiconductors. One of its specialties in creating solutions for non-volatile memory. While its current share price is just over $6, analysts expect it to reach $9.38 in the near term. That is a 47 percent return, which is nothing to scoff at. The industry that it operates in continues to expand, so the potential for increased revenue is always there. Long term earnings growth is almost certainly on the horizon.
8. Castlight Health
Here is a company that is focused on developed software solutions for the cloud. This is an area that is rapidly expanding. Castlight Health focuses specifically on developing applications for the healthcare industry, and the potential is almost limitless. With a current share price of $3.67, it is important to note that the price is slated to increase to $4.50 in the near term. That is a 23 percent return if these estimates turn out to be correct.
If you are into gaming, you are probably familiar with the Zynga brand. This is a major developer of social games. It is the company that created FarmVille and then Words with Friends. They were partnered with Facebook at one time, but then split from them and had a few tough years. They are now back and their $5.12 share price is slated to go even hight in the coming year. A $6.40 price is not out of the question.
6. Sequans Communications
Here is a company whose stock just about everyone can afford. Sequans Communications is a company that makes 4G chips and has since branched in the business of providing solutions for LTE chips. This is a super cheap stock that has a great deal of potential. You can expect share prices to go as high as $1.92, which would be a 79 percent return. You cannot really go wrong with getting in on this stock at the current time. Just know when it is time to sell.
5. Everspin Technologies
This is a company that offers innovative solutions to the semiconductor industry. Their stock has already increased more than 50 percent this year alone to hit the $8.32 mark. You are not too late, however, as many expect it to rise to as high as $14. That would provide you with a 68 percent return. This is an industry that continues to grow, so the potential is certainly there.
4. The Meet Group
This is a company that specializes in the development of social media apps that are meant to get people to connect with one another. This is obviously a hot trend around the world right now, and it is hard to see the fad dying out anytime soon. You will notice that the $5.46 current share price is relatively cheap. Many expect that to rise to $8, which would result in a 47 percent return on your investment.
If you buy into Camtek, you will own stock in a company the makes systems for optical inspection that are used for printed circuit boards. Obviously not just any company can do this, so it is a specialized niche that is paying off. The current share price is $8.52, but it may rise to as high as $14. If it does, that would be a 64 percent return.
2. Limelight Networks
If you have ever wondered why some websites are faster than others, it is probably because Limelight Solutions is behind it to one degree or another. They work to help companies deliver faster websites and more responsive applications. This will continue to be in high demand as competition heats up. The current share price of $2.88 may go as high as $4.50 in the near future, resulting in a 56 percent return.
1. Akoustis Technologies
The best stock to consider as a cheaper alternative to Apple is Akoustis Technologies. This is a company that develops a type of wave technology that can be used by a variety of mobile and wireless devices. The share prices have actually shot up by 275 percent in the last three years, but it is positioned to go even higher. Recent estimates are $9.35, which would still give you a 56 percent return on the current price.
So, these ten stocks are all relatively affordable to the average investor. Will the be the next Apple? Perhaps not. But, they are each positioned to deliver considerable returns in the near future. Remember, it is not the share price itself you should be concerned with, it is the percentage return. If you can approach what Apple is able to offer its investors, then you have done quite well indeed. Perhaps you can do just that with one of these ten stocks.
Written by Bill Vix
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