NEW YORK ( TheStreet) -- We have identified 10 stocks across such sectors as pharmaceuticals, consumer goods and mining that are trading under $3. These stocks, which have market capitalization of under $1 billion, have a potential upside in the range of 37% to 197% in the coming 12 months, based on analysts estimates polled by Bloomberg.
10. Jamba (JMBA - Get Report), operating through its wholly owned subsidiary, Jamba Juice Company, owns and franchises Jamba Juice stores. Jamba Juice is a restaurant retailer of food and beverage offerings, including fruit smoothies, juices, teas, hot oatmeal made with organic steel cut oats, wraps, salads, sandwiches, and a variety of baked goods and snacks.
Net revenue for the first quarter of 2011 declined 17.7% to $66.2 million from $80.4 million in the year-ago quarter, impacted by the trade-off of company-owned store sales for royalties and franchise fees following its refranchising initiative. Non-GAAP revenue increased marginally to $60.9 million from $60.6 million.
Company-owned comparable store sales increased 2.2% from the prior year period. System-wide comparable store sales improved 3.1%, while franchise-operated comparable store sales were up 4.1%. Non-GAAP net loss stood at $5.4 million or 11 cents per share, compared to $6.4 million or 13 cents per share in the first quarter of 2010.Going forward, the company expects to deliver company-owned comparable store sales of 2% to 4% and realize adjusted operating profit margin of 18% to 20% during 2011. Jamba plans to develop 50 to 70 U.S. locations in traditional, non-traditional, and express franchise formats. Of the eight analysts covering the stock, 63% recommend a buy and 25% rate a hold. On average, analysts estimate 37.8% upside to $3.02 in value from current levels.