In this article, we will be taking a look at the 10 Best Cheap Stocks Under $10 to Buy in April.
As U.S. economic growth slows, Bank of America strategists have highlighted growing stagflation risks and warned that the markets are becoming more susceptible. Even if stagflation is bad, strategists see small-cap firms as potential winners in this situation. The market reached record highs due to the continuous trend away from large-cap tech stocks. Market volatility has been rising as investors make changes to their portfolios following years of significant earnings. When the CBOE Volatility Index (VIX) goes above 20, it shows a rise in anxiety and uncertainty.
According to Jill Carey Hall, an equities and quantitative strategist at Bank of America Securities, high-quality stocks and those that provide cash to shareholders have historically done well during increasing VIX periods. In these conditions, value businesses have also outperformed growth along with momentum stocks, particularly if stagflation fears persist.
Even though there has been a S&P 500’s 4% monthly loss, certain stocks have seen to be still been performing nicely. Many investors have been focusing on “cheap” companies, which are generally defined by low forward price to earnings (P/E) ratios. These compare present share prices with anticipated future earnings. As of March 18, 2026, the S&P 500’s expected 12-month P/E ratio was 21.35, which is higher than its 10-year average of 18.9 but lower than 22.0x at the end of 2025. Goldman Sachs strategist Ben Snider observed this high multiple in January, pointing out that it is near the 2000 record of 24x and equals the 2021 top, suggesting a small margin for error.
Value stocks are becoming more popular among investors as a result. In February 2026, the Russell 3000 Value index rose 2.59% while the Growth index fell 2.56%, a difference of more than 5% in a single month. The Morningstar US Growth Index grew by 8.33% in the year ended February 19, whereas the Morningstar US Value Index climbed by 18.60%, more than twice as much. Morningstar expert Dave Sekera emphasizes that moving to value stocks can protect investors from sell-offs and present opportunities to reallocate into low-cost technology and AI stocks.
Since forward P/E ratios focus on future earnings instead of historical performance, they tend to remain an important tool for identifying cheap stocks. Low future P/E stocks can offer favorable entry prices, potential earnings-driven gains, and valuation growth, which may appeal to value-oriented investors seeking disciplined, lower-risk opportunities.
With that said, let’s take a look at the cheap stocks to buy.
Stocks
Our Methodology
For our methodology, we screened stocks with a P/E ratio under 20 and a share price below $10 as of the last close on March 27. From this list, we prioritized stocks with recent news or developments and ranked them based on their P/E ratios.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Here is our list of the 10 best cheap stocks under $10 to buy in April.
10. Holley Inc. (NYSE:HLLY)
PE Ratio: 19.06
Holley Inc. (NYSE:HLLY) is one of the cheap stocks to buy on this list.
TheFly reported on March 20 that HLLY has expanded its Safety & Racing lineup by acquiring HRX, a motorsports apparel brand from Italy that provides racewear for karting and competitive racing participants. However, the financial details of the deal were not made public.
Separately, on March 4, Holley Inc. (NYSE:HLLY) shared its financial performance for 2025 and guided for the upcoming year. The company reported full-year net sales of $613.5 million, reflecting a modest increase from the prior year, with core business growth of 6.6% after excluding non-core operations. Net income reached $19.2 million, a turnaround from a loss of $23.2 million the previous year, while adjusted net income totaled $21.2 million.
The Corporation’s adjusted EBITDA improved to $124 million, and Free Cash Flow amounted to $34.2 million. Operational efficiency, strategic execution, and growth across B2B and direct-to-consumer channels contributed to these results.
Moreover, entering 2026, the business expects continued revenue growth, driven by its strategic priorities, new product launches, and further expansion across brands and divisions.
Holley Inc. (NYSE:HLLY) designs, manufactures, and distributes performance automotive aftermarket parts, like carburetors, fuel systems, superchargers, exhausts, and tuners, serving car and truck enthusiasts globally under brands such as Holley, MSD, Flowmaster, and Superchips.
9. Hudson Technologies, Inc. (NASDAQ:HDSN)
PE Ratio: 15.70
Hudson Technologies, Inc. (NASDAQ:HDSN) is among the cheap stocks to invest in.
TheFly reported on March 6 that Canaccord updated its outlook for HDSN, reducing the price target from $10 to $9.50 while maintaining a Buy rating. The revision followed strong revenue results and reflects the company’s efforts under new management to advance its evolving business strategy.
More recently, Hudson Technologies, Inc. (NASDAQ:HDSN) revealed a key operational initiative on March 27, through a licensing arrangement with Solstice Advanced Materials (SOLS). Under the agreement, Hudson will handle the reclamation and resale of R-448A and R-449A refrigerants, both of which are patented HFO blends. These refrigerants are designed for compliance with the AIM Act, allowing the replacement of higher-global-warming-potential HFC refrigerants with lower-GWP alternatives, specifically in supermarket applications. The licensing deal grants Hudson Technologies the right to process, reclaim, and distribute R-448A and R-449A across the United States and Canada, enabling the company to expand its product offerings while supporting environmentally conscious refrigerant use.
This step strengthens HDSN’s operational capabilities in sustainable refrigerant management, aligns with regulatory trends toward lower-GWP solutions, and provides a new avenue for revenue growth in North American markets. The collaboration also reflects Hudson’s focus on leveraging patented technology to enhance its service portfolio and market presence.
Hudson Technologies, Inc. (NASDAQ:HDSN) is a U.S. environmental services company that recovers, reclaims, and recycles refrigerants and refrigerant alternatives, providing sustainable solutions for the HVAC and refrigeration industries.
