The best stocks under $10 to invest in 2024: Explained by Digimagg

Lindblad Expeditions specializes in ecotourism cruises and land excursions across all seven continents. Its fleet consists of 16 ships, providing intimate cruise experiences for up to 148 passengers, distinguishing it from conventional cruise lines. According to a report by The Brainy Insights, the adventure tourism market was valued at $295.37 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 17.56% to reach a market size of $1.49 trillion by 2032.

Lindblad boasts notably high returns, with its cruises commanding an average price of $14,000 per passenger, targeting affluent travelers typically aged 50 and above. In the third quarter, Lindblad experienced a 22% increase in revenue year over year, reaching $176 million, while its earnings per share (EPS) stood at $0.08, compared to a loss per share of $0.18 in the same quarter of the previous year. Additionally, Lindblad's reservations for 2023 surged by 42% compared to 2019.

The company manufactures hardware, including radios, antennas, and base stations, essential for maintaining wireless networks. Additionally, it provides equipment facilitating the transmission of voice, data, and video via radio waves over extensive distances. Ceragon anticipates generating revenue between $338 million to $346 million in 2023, compared to $295.2 million in 2022. For 2024, revenue projections range between $385 million and $405 million, indicating approximately 14% growth at the midpoint. In the third quarter, Ceragon recorded revenue of $87.3 million, a 10.9% increase year over year, with earnings per share (EPS) of $0.04, compared to a loss per share of $0.01 in the corresponding quarter of the previous year.

Having achieved profitability for three consecutive quarters, Ceragon appears to have undergone a positive transformation. The acquisition of Siklu not only enhances its prospects in the U.S. market but also grants access to a wider array of opportunities among smaller service providers and private networks.

Clarivate operates across three segments: Academia and Government, Life Sciences and Healthcare, and Intellectual Property. The significance of the Intellectual Property segment has heightened with the increasing adoption of AI technologies. Some of its flagship products include Web of Science, providing access to various databases offering reference and citation data for academic research, EndNote, a software suite utilized for managing bibliographies and references in essays, reports, and articles, and Publons, a platform enabling researchers to receive recognition for peer review.

In the third quarter, the company reported revenue of $647 million, marking a 1.7% increase year over year, and net income of $12.3 million, compared to a net loss of $4.4 billion in the same quarter the previous year, largely attributed to acquisitions. Last autumn, the company formed a partnership with EveryLibrary, an advocacy organization for libraries, and Clarivate renewed its contract with the Federal Library and Information Network, a consortium of U.S. federal agencies supporting libraries and information centers.

If you've ever seen the "Around the Web" sections beneath news articles or "Recommended for You" sections at the bottom of webpages, that's Taboola in action. Utilizing AI-driven algorithms, the company directs relevant content and advertisements to users, leveraging their browsing history. The company has consistently improved its ex-TAC (traffic acquisition costs) margins, indicating the profitability after accounting for the expenses incurred in acquiring users or traffic.

In the third quarter, Taboola recorded revenue of $360.2 million, marking an 8.3% increase year over year and surpassing its previous forecasts. Although it incurred losses, with a loss per share of $0.07, this represented a 35.7% improvement from the corresponding period of the previous year. The company's guidance for 2023 anticipates revenue ranging between $1.44 billion and $1.47 billion, following its $1.4 billion revenue achievement in 2022. Although profitability has not yet been attained, the company managed to reduce its debt by $30 million and reported $23 million in share buybacks through the third quarter.

Culp specializes in manufacturing fabrics for mattresses, bedding, and upholstery for furniture. Currently, the company is encountering macroeconomic challenges, particularly inflationary pressures dampening consumer spending and a difficult labor market. Investing in Culp stock implies a bet on a turnaround, given that the company's shares have significantly declined since it reduced its dividend in 2022. However, two long-term trends are expected to support Culp's business. Firstly, as the elderly population grows, there is an expansion in healthcare facilities, leading to increased demand for mattresses and bedding. Additionally, homeowners are increasingly choosing higher-end and advanced mattresses, driving up demand for Culp's products.

In the second quarter of fiscal 2024, Culp achieved sales of $58.7 billion, marking a 0.6% increase year over year. This growth was primarily driven by a 19.6% increase in mattress fabric sales, partially offset by a 14.9% decline in upholstery fabric sales. The company has implemented cost-saving measures, resulting in a net loss of $2.4 million, or $0.19 per share, compared to a loss of $12.2 million, or $0.99 per share, in the same period of fiscal 2023.