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10 Stocks Under $4 With Upside

2. SuperGen (SUPG) discovers and develops therapies for the treatment of cancer. Besides, it also acquires products developed by other companies and applies additional developmental effort to expand sales.

For the latest fourth quarter, the company's revenues increased to $15.3 million from $11.9 million in the year-ago quarter. Net income multiplied to $6.7 million from $2.3 million earlier. For full-year 2010, SuperGen's revenue and net income increased 28.4% and 401.3% to $52.9 million and $15.9 million respectively.

For 2011, the company pegs net income below $14 million, coming in line with analysts' estimates. Royalty revenue for its product Dacogen is expected to increase by 5% from the previous guidance range of $52 to $55 million. Research and development expenses are seen increasing in the range of $29 to $32 million from 2009.

All the three analysts covering the stock recommended a buy on the stock. The stock's average 12-month price target is $8, or 207.7% higher than the current price, as per analysts surveyed by Bloomberg.

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