What are Good Penny Stocks on Robinhood 

what are good penny stocks on Robinhood, Knowing the good penny stocks on Robinhood will give you a lot of investment option. It will also broaden your view on stock investment.

On this article, we will list 21 good penny stocks on Robinhood that you can actually invest on. Penny Stocks are recognized as those categories of stocks that trade below $5 per share.

It’s quite understood and literally fathomable to see that if there is any reason Good Penny Stocks should be purchased, it then should be because of their low trading price.

For newbie investors, they might be turning to randomly adding Penny Stocks to their portfolio due to this cause.

But then, it’s advisable to rather take on precautionary measures before venturing into taking attempts at purchasing Good Penny Stocks.

Investment generally involves taking risks, but in the case of Penny Stocks, the nature of volatility and an unstable chart in the rise and fall of a stock’s trade price makes the rate of risk-taking reaches a certain height of uncertainty, and uncertainty isn’t good for business.

Take for instance, a certain newbie investor—we shall call him Abel—who purchases 50 shares of a certain stock for 25$, i.e, 0.5$ per share, and adds them to his portfolio. Relaxed and undisturbed, he doesn’t observe the chart of flow the stock company experiences weekly and monthly in the rise and fall of their stock price and sales volume.

After three years of purchase, Abel finally decided to sell his shares, and to his disappointment, he ends up selling the whole of his shares for $30. How saddening.

Several measures must be adopted to ensure that for whatever sort of Penny Stocks you purchase, the market is favorable to your portfolio.

Do This Before Purchasing a Penny Stock

It’s advisable to carry on an intensive study and research (emphasis on the ‘intense’) on the company you intend to purchase a stock from.

Understanding their initiative, the activities they carry out, the history behind the company’s past flops (if there are any), and their current activities and development. Make as much research as you can.

You might find this strenuous to carry out, but I tell you right now that this is just one of the many effective methods to determining if a Penny Stock would add value to your portfolio or not. This can also help you uncover the nature of the authenticity of whatever company or firm you aspire to invest in.

The certain things to make findings of when trying to settle for a suitable Penny Stock might get rather confusing or stressful, but it’s not necessarily important to place yourself under duress. You can always make research on certain things to look out for when trying to purchase a stock.

Though I did quite a great amount of research on this topic of discussion, with a wide variety of choices to choose from, I believe you will get to find a certain Penny Stock that will be worthwhile to purchase and add to your investment portfolio.

Below is the List of 21 Good Penny Stocks on Robinhood.

  1. Acasti Pharma: This is a biopharmaceutical company whose initiative focuses on the development of medications for cardiovascular diseases. I currently trading for $1.18 and a market cap below $100 million. I think it’s safe to say that this might probably be the cheapest stock on Robinhood with the most solid potential of adding value to your investment portfolio.
  2. Inuvo Inc. (NYSE: INUV): This is an artificial intelligence company whose initiative is directed toward the provision of AI-driven commerce solutions. It currently trades at a price of $0.53.
  3. Biolase Inc. (NASDAQ: BIOL): Biolase is leading globally in producing products like proprietary dental lasers and certain types of equipment that can provide treatments to reduce pain and improve the procedures of carrying out some activities such as in the case of dental surgeries. It trades at $4.91 currently.
  4. Cyrenn Ltd (NASDAQ: CYRN): A cyber security company that offers protection to businesses against certain menaces like cyber threats and data loss. It currently trades at $1.80.
  5. Brickell Biotech Inc. (NASDAQ: BBI): A pharmaceutical company that has the goal of developing prescription therapeutics for treating autoimmune, inflammatory, and other sorts of diseases. It currently trades at a price of $0.15.

Below is the continuation of the list with details of the current trading price respectively.

  1. Advaxis Inc. (NASDAQ: ADXS): It currently trades at a price of $.0.062.
  2. LAIX Inc. (NYSE: LAIX): It currently trades at a price of $1.60.
  3. Evofem Biosciences Inc. (NASDAQ: EVFM): It currently trades at a price of $0.40.
  4. Ensysce Biosciences Inc. (NASDAQ: ENSC): It currently trades at a price of $0.54.
  5. Inpixon (NASDAQ: INPX): It currently trades at a price of $0.17.
  6. Abeona Therapeutics Inc. (NASDAQ: ABEO): It currently trades at a price of $0.16.
  7. Oragenics Inc. (NYSE: OGEN): It currently trades at a price of $0.32.
  8. Baudax Bio Inc. (NASDAQ: BXRX): It currently trades at a price of $0.77.
  9. Gran Tierra Energy Inc. (NYSE: GTE): $1.86.
  10. Pintec Technology Holdings Ltd. (NASDAQ: PT): It currently trades at a price of $1.81.
  11. Avalon GloboCare Corp. (NASDAQ: AVCO): It currently trades at a price of $0.59.
  12. Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP): It currently trades at a price of $2.47.
  13. Pyxis Tankers Inc. (NASDAQ: PXS): It currently trades at a price of $2.65.
  14. Onesmart International Education Group Ltd A ADR (NYSE: ONE): It currently trades at a price of $1.73.
  15. Sundial Growers (NASDAQ: SNDL): It currently trades at a price of $0.38.
  16. United States Antimony (NYSE: UAMY): It currently trades at a price of $0.42.

To buttress the earlier discussed topic before the lists of Good Penny Stocks on Robinhood which currently trade at a price as low as $1, it’s also safe to say that despite the risks and volatility of the nature of the trade price and sales volume of Penny Stocks, investing in them is pretty much of a ‘fun’ process.

To get more penny stocks option, you can check out the Robinhood official website

I’d be sharing a tip in the concluding paragraph of this article to explain how to reduce the risks of losing to investing in Penny Stocks.

The markets of some companies that trade Penny Stocks sometimes crash and the capital drops as investment gets washed down alongside the business. This sounds scary, but could there be any way to curb this?

Of course, yes. It’s generally advisable for penny stock investors to practice the ‘insert and withdraw’ process, which simply entails you as an investor buying shares of Penny Stocks when their prices are low and sell when the trade price increases. How cool does this sound? 

Conclusion.

Penny stocks can be incredibly volatile and carry a higher level of risk than you might think. However, investors continue to gamble large on inexpensive companies due to the low cost of entry and possible rewards.

The digital era of investing has arrived, and Robinhood is at the forefront. Don’t overlook Robinhood’s cheapest stocks, as many of them have a lot of upside potential.

Leave a Comment