You’ve all heard the expression, you get what you pay for, but in the case of a few compelling stocks to buy under $10, the aphorism might not carry a negative slant. Indeed, for some market ideas, you might get more than what you put out. Like finding a Rembrandt at a garage sale, in rare moments, fortune smiles on you.

While I’m not going to claim a hundred-bagger opportunity for any of the below stocks to buy under $10, each of the ideas stayed true to the nominal theme. In addition, these public companies feature at least one significant catalyst that may help boost their valuations.

Of course, this framework presents risks, so you don’t want to venture too deeply with money you can’t afford to lose. Nevertheless, for the risk tolerant, here are seven enticing stocks to buy under $10.

Enel (ENLAY)

An Italian multinational manufacturer and distributor of electricity and gas, Enel (OTCMKTS:ENLAY) natively commands relevance. As I’ve said many times before, bad things happen when people flip on the switch and nothing happens. On a year-to-date basis, shares slipped nearly 47%, so investors must be cognizant of this risk factor.

Nevertheless, ENLAY presents an attractive case for stocks to buy under $10. First, the underlying company features a forward price-earnings ratio of 7.94 times, well below the regulated utilities median forward PE of 17.33. Also, ENLAY trades at a price-to-sales ratio of 0.49 times, again, well below the industry median (in this case 1.78).

Fundamentally, many investors will likely appreciate Enel’s focus on green and sustainable energy. While Gurufocus.com currently labels ENLAY as a possible value trap, this mathematical calculation ignores brewing transitions. For instance, European leaders are now focusing on fast-tracking their renewable energy initiatives following Russia’s invasion of Ukraine.

Wipro (WIT)

Another name among stocks to buy under $10 that may not be too familiar to American investors is Wipro (NYSE:WIT). An Indian multinational corporation, Wipro focuses on information technology, consulting and business process services.

On a YTD basis, shares fell 50%. Please note the inherent risks associated with catching falling knives.

Still, Wipro draws intrigue under the specific context of stocks to buy under $10. On a broader view, the Indian equities sector performs much better than the U.S. sector. Specifically, the BSE Sensex gained 1.3% since the start of 2022. While nothing to write home about on an absolute basis, the S&P 500 dropped nearly 19% during the same period.

Therefore, Wipro may be able to corral a greater demand profile considering that its home market runs stronger than others. Notably, according to Gurufocus.com, WIT is modestly undervalued. Factors to note include excellent long-term growth and profitability metrics.

United Microelectronics (UMC)

Billed as Taiwan’s first semiconductor company, United Microelectronics (NYSE:UMC) represents a powerhouse in the global chipmaking arena. Per its website, the company is No. 2 in the world in terms of pure-play foundry market share. A foundry is a semiconductor manufacturer that makes chips for other companies, per PCmag.com.

Since the start of this year, shares have tanked more than 50%. It is risky, so you must be aware of what you’re getting yourself into. Still, contrarians may appreciate UMC as one of the stocks to buy under $10.

Gurufocus.com labels UMC as modestly undervalued. Presently, the underlying semi firm features multiple positives for discount seekers. Longer-term growth trends rank as one of the best in the semi industry. As well, profitability metrics present a strong profile. Specifically, its net margin is 28%, well above the industry median of 10.14%.

Copel (ELP)

Another name among stocks to buy under $10 that probably most Americans won’t recognize, Copel (NYSE:ELP) is a Brazilian electric utility company. Copel is the largest company in the State of Paraná, founded in 1954. Unlike the other market ideas on this list, however, ELP is up 15% for the year.

To be fair, this circumstance doesn’t mean that Copel represents an easy buy. While the South American market presents myriad upside opportunities, certain dangers exist. For Brazil, the plus is that the nation features a large population. And despite its vast riches in terms of resources, the economy is fairly diversified. On the other hand, Brazil features a sensitive fiscal position and infrastructure bottlenecks.

Nevertheless, if you want to take on a bit more risk with your stocks to buy under $10 in exchange for potentially greater rewards, ELP delivers intrigue. Gurufocus.com labels ELP fairly valued. Copel commands excellent longer-term growth metrics and very strong profitability.

Mitsubishi UFJ Financial (MUFG)

For those that desire a heavy dose of contrarianism in their stocks to buy under $10, take a look at Mitsubishi UFJ Financial (NYSE:MUFG). A Japanese bank holding and financial services company, Mitsubishi UFJ represents a massive sector powerhouse. Unlike some of the obscure discounted equities, people tend to know the Mitsubishi brand.

Interestingly, on a YTD basis, shares slipped just under 16%. For one thing, the performance is superior to the benchmark S&P 500, as mentioned earlier. In addition, the Japanese market isn’t half bad. At a loss of 9% YTD, the Nikkei 225 index isn’t something to celebrate on an absolute basis. However, most folks would rather take a 9% loss than a 19% one.

Recently, Reuters reported that Japan upgraded its second-quarter GDP as easing coronavirus restrictions lifted spending. While it may be too early to celebrate, MUFG could make a bold argument for at least a mini-Japanese comeback.

Sirius XM (SIRI)

An American broadcasting company, Sirius XM (NASDAQ:SIRI) provides satellite radio and online radio services operating in the U.S. Sirius represented a must-have service during the pre-pandemic era because it helped mitigate the morning commute. During the new normal, that narrative faded. However, a return to the office could make things interesting for SIRI stock.

First, let’s get basic stats out of the way. On a YTD basis, shares declined by 7%. During a period where the major indices suffer double-digit losses, this negative tally isn’t half bad.

Fundamentally, Sirius may perform well as employers force more of their employees back into the office. For instance, a New York Post article noted that more than 1,300 journalists at the New York Times pledged not to return to the office. You know who that benefits? People like me. I’d gladly take a job at the NYT.

Broadly, I believe more workers will come to their senses, however. And that means more business for Sirius.

Universal Music Group (UNVGY)

Arguably the riskiest idea on this list of stocks to buy under $10, Universal Music Group (OTCMKTS:UNVGY) represents an entertainment powerhouse. Still, investors shouldn’t participate in UNVGY unless they have a solid understanding of the music industry.

Stats wise, UNVGY qualifies for the theme on this list but barely, with shares trading at $9.41. Since the beginning of the year, Universal Music Group shares slipped 32%. However, that’s probably one of the lesser concerns. With the entertainment landscape constantly changing, UNVGY heads into an ambiguous arena.

Nevertheless, what stakeholders appreciate about Universal Music is the sector-specific competitiveness. The company features global pop stars like Taylor Swift and Billie Eilish. As well, you have music stars like The Weeknd, Bad Bunny and Sting. Covering multiple genres that appeal to several age cohorts, Universal does command an attractive profile.

Just be ready for anything to happen in this sector because it very well can.

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On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.