Cheapest Stocks on Robinhood in High-Popularity and Prospective to Trade

The cheapest stocks on Robinhood are the penny stocks where the price is under $1. Usually, it appears in NASDAQ and NYSE. Many people like trading on the Robinhood platform because it is the easiest way to online trading. Besides that, it comes as the biggest platform to trade penny stocks. Another reason is it can give beginners a convenient way to trade. In common, it looks like defending the right of beginners. Nevertheless, all people may invest penny stocks on Robinhood. How do Robinhood stocks work?

cheapest stocks on robinhood

10 Famous and Cheapest Stocks on Robinhood 2021

The cheapest stocks on Robinhood can actually bring value to your investment portfolio. In fact, penny stocks have become a staple for both long-term investors and day traders alike. As Robinhood continues to grow in popularity, more investors are turning to the application. Therefore, let’s take a look at five of the cheapest stocks with upside moving forward.

Stocks that are trading at low price points are intriguing for many reasons. And they are even more appetizing to novice investors. You can invest a small amount of money and receive a healthy number of shares. However, this doesn’t mean you are going to bring in massive gains.

It’s important to do your research on these penny stocks before investing. Scour the company’s website, dig through recent earnings reports and discover any news releases that relate to the business. You will also want to consider competition and market capitalization.

Robinhood is a broker to buy and trade penny stock but actually, it is only a misunderstanding. The broker also has a concept not to burden the traders in payment relating to the penny stocks trading. Roughly, that is the work performance of Robinhood.

Cheapest Stocks on Robinhood

Last month, this platform provides the top 10 penny stocks that are very well-known in June such as below:

1. Fitbit (FIT)
In this platform, FIT became the most popular penny stock where it closed about $0.50. Yeah, it closed lower than the closing in May because this company keeps dealing with negative sentiment. It estimates an increase in the income of the year about 1-4%.

2. Plug Power (PLUG)

Cheapest Stocks on Robinhood

The second company is PLUG (Plug Power) which focuses on alternative energy on fuel cell development. It is well-known as the bad work performance with the negative sentiment too. In two last few months, Plug Power's stock decreases by about 17%  but it is trying to grow up in the second quarter.

3. Chesapeake Energy (CHK)
CHK becomes the third of the 10 most popular penny stocks on Robinson. The popularity has been running since April until last June. Now, it is time to continue the famous in these months and so on. In May, the stock down sharply to the lowest position of $1.74. Even though, it increased at the end of June above $1.95. If you choose CHK to invest in, it is a good decision. This company is in a good position to pay the bill and in some next months. CHK get a lot of benefit from the asset trading.

4. Nio (NIO)
Nio looks like does not have a good future and it becomes the most risk company in penny stock trading. Up to know the condition of NIO does not change even a lot of parties worrying about it.

5. Groupon (GRPN)
The stock of GRPN is very lucrative where it stayed in the highest position on June 03. Yeah, the price was $3.75 but it suddenly down to the lowest position of $3.34 on June 06. Furthermore, the stock of GRPN increased again since June 25.

6. New Age Beverages (NBEV)
It turns out NBEV is the new cannabis stock in Robinhood that does not have a good month yet. This marijuana penny stock to buy got a reduction in June and unable to grow up again.

7. Yamana Gold (AUY)
Yamana Gold dropped the stock from #6 to #7 the last month and it withdrew 180 in May. However, this company succeeds to close the trading before June at $2.57. The company, apparently, also increases its yearly dividend to $0.04 per stock. AUY expects to report the second quarter to something appealing on July 25th.

8. JP Penny (JPC)

Cheapest Stocks on Robinhood

Most traders for this penny stock coming from the board member of JPC. On the last of May, the price increased about $0.85 and again about $1.25 in June. Even, it was able to end in $1.14 on the closing day of June 28.

9. Neptune Wellness (NEPT)

Cheapest Stocks on Robinhood

The development of NEPT during last month did not change significantly. On June 1st, the penny stock price was $4.14 and closed on $4.35 on Friday.

10. AK Steel (AKS)

Cheapest Stocks on Robinhood

Lastly, there is AKS or AK Steel that worked better during the 30 days of last month. It increased the cost of the stock became the highest for June at $2.36. The growth closed on June 28, was the opposite of the lowest position on May 31 with $1.66.

Top 3 Penny Stocks with A Good Prospects on Robinhood

Apart from the ten cheapest and famous stock in Robinhood trading, this page still saves 3 other choices.

cheapest stocks on Robinhood

Here, it includes a top 3 penny stocks on Robinhood 2021. They come below because they deserve to watch:

• BioPharmaX Corporation (BPMX)
You can meet this penny stock on NYSE with the value of $0.0725 and the progress of the trial. BPMX also probability is toward the higher side to gauge profits. The company of pharmaceutics that runs special for woman health and dermatologist conducts a various test. The purpose of different gradual tests is to increases the value of BPMX’s stocks.

• CHF Solution Inc. (CHFS)
It is the company of medical equipment which focuses on the patient with an excess fluid problem. The company that existing on Robinhood penny stocks has the main product for ultrafiltration treatment. The doctor gives the medicine to the inpatient with a diuretic therapy failure. In the patient's body, the medicine will manage the fluid excessively. Turn back to talk on the stock where CHFS can reach its potential value until $53. By the way, it becomes the highest achievement in the last year.

• Interpace Diagnostics Group Inc. 
The Interpace Diagnostics Group Inc or IDXG emerges in NASDAQ same as CHFS. It established in 1986 and focuses on molecular diagnostics commercial test and development. The purpose is to detect molecularly and the variant of genetics existing in acute cancer. Nowadays, the last penny stocks to watch for 2021 exist at $0.07. The value of the stock still has a chance to increase with the passing line up the testing phase.

So, there are two categories on the cheapest stocks on the Robinhood trading platform. If you are a newcomer, of course, this platform is useful for you. It serves the people who never join or they join not for a long time yet properly. How to take them home, of course, the way is not different from the common way. You are surely not familiar with the information about how to find, buy, and trade penny stocks. Okay, happy trying!
Previous Post Next Post

Contact Form