12 Best Cheapest Penny Stocks on Robinhood in 2024 & Under 10 Cents
12 Best Cheapest Penny Stocks on Robinhood and Under 10 Cents. Robinhood Markets, Inc. (NASDAQ: HOOD) boasts a user base of more than 22 million, over 17 million of whom are active on the platform every month, and a quarterly revenue of over $500 million.
Millions of investors use other apps like Robinhood to trade stock but in search of the real and cheapest penny stocks to buy by investing their money. Penny stocks are attractive to investors because they show higher-than-average volatility.
Some of the popular stocks on Robinhood Markets, Inc. (NASDAQ: HOOD) these days include Tesla, Inc. (NASDAQ: TSLA), NIO Inc. (NYSE: NIO), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), and Ford Motor Company (NYSE: F).
Top Cheapest Stocks on Robinhood
- VistaGen Therapeutics, Inc. (NASDAQ: VTGN).
- Exela Technologies, Inc. (NASDAQ: XELA).
- Verb Technology Company, Inc. (NASDAQ: VERB)
- Senseonics Holdings, Inc. (NYSE: SENS)
- Broadway Financial Corporation (NASDAQ: BYFC).
The Penny Stocks we mentioned above are shares of small companies that typically trade for significantly less money than shares of larger companies. Despite the name, the term “penny share” can be applied to any stocks under $1.
Top 12 Best Cheapest Penny Stocks On Robinhood Under $1
1. Marathon Oil Corporation (NYSE: MRO)
Marathon Oil Corporation simply referred to as Marathon Oil, is an American petroleum and natural gas exploration and production company headquartered in the Marathon Oil Tower in Houston, Texas. There were plenty of oil and gas stocks experiencing short term jumps in price. Marathon Oil Corporation (NYSE: MRO), however, was not among these names.
2. MFA Financial Inc. (NYSE: MFA)
MFA Financial, Inc. is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential mortgage-backed securities and residential whole loans. MFA Financial Inc. (NYSE: MFA) is also one of the top cheapest penny stocks on Robinhood under $1.
3. Acasti Pharma
Another one of the biotech penny stocks under $1 is Acasti Pharma. The company focuses on biotech treatment development. Shares hit 52-week lows of $0.171 at the beginning of November. ACST stock has since managed to climb to highs of $0.4177.
4. Aurora Cannabis Inc. (NYSE: ACB)
This is one of the cheapest and popular penny stock in Robinhood. This might not be the best penny stock to buy. Needless to say, where there’s attention, there is usually momentum. Aurora Cannabis Inc. (NYSE: ACB) is no stranger to volatility.
5. Nokia Corporation (NYSE: NOK)
Nokia Corporation is Finnish multinational telecommunication, information technology, and consumer electronics company. Also, this is one of the cheapest stocks in Robinhood. Nokia Corporation (NYSE: NOK) was one of the stronger rebound stories after the March sell-off. However, at the end of August things fell apart quickly. The penny stock dropped from over $5 to below $3.50.
6. Aphria Inc. (NASDAQ: APHA)
Aphria Inc. headquartered in Leamington, Ontario, is an international producer and distributor of medicinal and recreational cannabis. The firm put a price tag of $1. Aphria Inc. (NASDAQ: APHA) is another stock name to know. It’s also one popular penny stocks on Robinhood.
The company operates through retail and wholesale channels in Canada and internationally. Aphria is one of the largest cannabis companies in the world and is listed on both the Toronto Stock Exchange and NASDAQ.
7. Check-Cap Ltd.
Check-Cap Ltd. has been a strong performer in November. Despite hitting new 52-week lows during the first week of November, CHEK stock has managed to climb over 70% so far.
8. Hexo Corp
This is one of the Robinhood penny stocks under $1 to buy. When it comes to marijuana penny stocks, sector catalysts can be that rising tide to lift all ships. In this case, some legislative news broke late in the Friday session. As far as analysts are concerned, HEXO stock isn’t the highest-rated name.
9. Oragenics Inc.
Oragenics Inc. isn’t one of the companies with a price target or analyst rating right now. However, the company has been executing on a few different initiatives. These have helped compound momentum in the latter part of the fourth quarter. In fact, Since the November 20th, OGEN stock has climbed from around $0.38 to highs this week of $0.6499.
10. Avinger Inc.
Avinger Inc. is one of the Robinhood penny stocks under $1 you can buy. The firm has a Buy rating on the stock along with a price target of roughly 212% higher than the current trading levels around $0.32.
11. Broadway Financial Corporation (NASDAQ: BYFC)
Broadway Financial Corporation (NASDAQ: BYFC) is a California-based bank holding company. It is ranked ninth on our list of 10 cheapest stocks on Robinhood. The company’s shares have returned 74% to investors over the past twelve months. The firm has a market cap of over $114 million and posted $13 million in revenue last year.
12. Verb Technology Company, Inc. (NASDAQ: VERB)
Verb Technology Company, Inc. (NASDAQ: VERB) stock has offered investors returns exceeding 128% over the course of the past twelve months. It is on our list of 12 cheapest stocks on Robinhood. The company offers software solutions and is headquartered in Utah. The company is one of the favorite stocks of retail investors that frequent the popular Reddit forum named WallStreetBets.
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