One of the common questions I get asked is how to find penny stocks on Robinhood. To be very upfront, I am not a huge fan of penny stocks because they are usually very risky. However, if you are able to find the right ones, nothing like investing in penny stocks. Popular platforms like Robinhood make it easy to buy and sell penny stocks and list some of the best going around. In this short article, I will show you how to find penny stocks on Robinhood and a free list of 35 penny stocks.
How to Find Penny Stocks On Robinhood
You can find penny stocks by logging in to Robinhood from a computer in three easy steps. Unfortunately, the app and mobile apps don’t allow you to browse penny stocks. Once you log in to your desktop:
- Select Show More from the Most Popular Collections.
- Click on the category or sector you wish to explore, and then click to view all stocks.
- Drag the price cap button on the right side to adjust the stock price maximum at $5
These steps limit the stocks that you can see, and make it more difficult to find Robinhood’s penny stock options. You can then sort available stocks by Robinhood’s stock filters at the top of your screen. You can organize by price, movement, and market cap. Popularity is also an option. Analyst ratings are also available.
Here is a video on picking penny stocks on Robinhood
The risk of investing in penny stocks
No investment is risk-free. Penny stock investing, perhaps even more so.
With a low trading price, typically under $1, penny stocks tend to be volatile, which is both good and bad, depending on which side you are on. The sharp upside potential is as much as the sharp downside risk.
The fundamental principles of investing apply to penny stocks as well. Do your research, identify stocks that match your investment and risk profile, identify the amount that you are able to risk and lose which will not fundamentally alter your life, do your due diligence, and then go for it.
Due diligence pointers
What does the price chart look like? If on a downward trend, have there been breakout rises intermittently? Has that been recent?
Does the leadership team look like possessing the knowledge and experience in this field? Do they inspire confidence that they know what they are doing? What is their past record?
What is the performance track record of the company? How long has it been around? How has it performed in terms of revenue and profits? Are the performance numbers expanding or shrinking? What is the dividend history of the company?
What does the financial forecast look like? Does it seem reasonable and based on solid reasoning? What about competition and the industry? Is it in an industry poised for growth? Are its projections in line with competitors?
There is really no finite list for research on stocks. Do as much or as little as you are comfortable with. Reports published by analysts and experts could be a good source of information for amateur investors who do not have the resources for a full-fledged, independent research into every stock they want to invest in.
You should also look out for recent news about the company on authentic news media.
List of 34 penny stocks on Robinhood
The stocks given below are all traded at under $1 at the moment. They are categorized based on the broad industry they align with and arranged in alphabetical order.
Please note that this is not a list of stocks recommended for buying. There is no research behind this list. It is a list to start you off on your penny stock investment journey if you are so inclined. Identify industries and stocks that interest you, and do your research, and decide.
Or else, look at the many other options on Robinhood and pick out one, or some, from the larger list.
Energy and Water
- Evolve Transition Infrastructure LP (NYSE: SNMP)
- Gran Tierra Energy Inc. (NYSE: GTE)
- Pyxis Tankers Inc. (Nasdaq: PXS)
Real Estate and Finance
- Avalon GloboCare Corp (Nasdaq: AVCO)
- Pintec Technology Holdings Ltd. (Nasdaq: PT)
- Q&K International Group Ltd. (Nasdaq: QK)
- Weidai Ltd. (NYSE: WEI)
- Abeona Therapeutics Inc. (Nasdaq: ABEO)
- Advaxis Inc. (Nasdaq: ADXS)
- Aeterna Zentaris Inc. (Nasdaq: AEZS)
- Baudax Bio Inc. (Nasdaq: BXRX)
- Brickell Biotech Inc. (Nasdaq: BBI)
- Celsion Corporation (Nasdaq: CLSN)
- Ensysce Biosciences Inc. (Nasdaq: ENSC)
- Evofem Biosciences Inc. (Nasdaq: EVFM)
- Idera Pharmaceuticals Inc. (Nasdaq: IDRA)
- Oragenics Inc. (NYSE: OGEN)
- Palatin Technologies Inc. (NYSE: PTN)
- Pulmatrix Inc. (Nasdaq: PULM)
- Synthetic Biologics Inc. (NYSE: SYN)
- Therapeutics MD Inc. (Nasdaq: TXMD)
- Tonix Pharmaceuticals Holding Corp (Nasdaq: TNXP)
- 17 Education and Technology Group Inc. (Nasdaq: YQ)
- Borqs Technologies Inc. (Nasdaq: BRQS)
- Cyren Ltd (Nasdaq: CYRN)
- Inuvo Inc. (NYSE: INUV)
- Inpixon (Nasdaq: INPX)
- LAIX Inc. (NYSE: LAIX)
- Mogu Inc. (NYSE: MOGU)
- SuperCom Ltd. Ordinary Shares (Nasdaq: SPCB)
- Talon Metals (OTC: TLOFF) – Mining Nickel Company
- Blolase Inc. (Nasdaq: BIOL) – Biotech Industry
- Onesmart International Education Group Ltd A ADR (NYSE: ONE) – Education Industry
- Sundial Growers (Nasdaq: SNDL) – Cannabis Industry
- United States Antimony (NYSE: UAMY) – Industrial Metals and Minerals Industry
Researching and investing in penny stocks can be a fun activity. And rewarding too if you can find the next winner since swings tend to be pronounced.
Equally, it carries risks that are just as pronounced. Hence, exercise caution, do research, and start small.
An investment should not be a gamble. You are investing in a business that hopes to make a difference to the world and profit a little by backing the right one.