Top 10 Robinhood Cheapest or Penny Stocks to Watch in 2022
Cheapest Robinhood Stocks: This article is about the penny stocks available on the Robinhood trading platform. Maybe you are new to trading so, this article will help you out in finding new stocks that will make you rich. Rich? Really? Yes, it is.
It might be possible that you have also come across failure stories of the stock market and have made up your mind about it. But, here I am going to make you aware of how successful people are in trading, especially in penny stocks.
If you want to explore the success stories in trading then read about Roland Wolf who had come with $4000 only and made over $1 million that too by trading in penny stocks.
Many people use Robinhood to buy blue-chip stocks and penny stocks. If you are eager to know why penny stocks get so much attention then let me tell you that these stocks make your fortune because they are available at a very low price and oftentimes reach new heights.
Although there are some famous stocks on a trading exchange like Robinhood Markets, Tesla, Amazon, Apple, Google, etc.
10 Best Penny Stocks on Robinhood under $1
Marathon Oil Corporation (NYSE: MRO)
The company Marathon Oil Corporation is also known as Marathon Oil and it is an American petroleum company which is headquartered at Marathon Oil Tower in Houston, Texas, if you go by the technical analysis of oil stocks, you will find that there is a quick surge in their prices. You can try trading in this stock. The current price of this stock is just $24.20
MFA Financial Inc. (NYSE: MFA)
MFA Financial Inc. is a real estate-based company that deals in investment only and works only on a leveraged basis. It works on the mortgage assets. If we talk from a trading point of view, it is an outstanding stock as it is very volatile and attracts traders around the world. It is considered one of the cheapest penny stocks. Its current price is just $13.59
Acasti Pharma (CVE: ACST)
Acasti Pharma is a biotech stock and one of the favourite stocks of day traders because of its movement on the index. Although this stock is not listed on NYSE, it can be traded through the Robinhood trading platform. The current price of this stock is just 1.19 CAD.
Aurora Cannabis Inc. (NYSE: ACB)
Although Aurora Cannabis Inc. is one of the cheapest penny stocks but not so attractive because it doesn’t have any momentum on the index and without momentum, a stock doesn’t move as per expectations. So, traders tend to ignore it in trading sessions.
Nokia Corporation (NYSE: NOK)
Nokia needs no introduction as it was the first phone for most of us. The company is located in Finland, Europe. The stock of Nokia Corporation is one of the cheapest on Robinhood and is very volatile among its peers.
Once Nokia had the maximum share in the cellphone industry but with the coming of Android, the value of Nokia has fallen however it is gaining ground again because of its solid build quality. The current price of the stock is 4.60 euros.
Aphria Inc. (NYSE: APHA)
Aphria inc. is another great penny stock available on Robin Hood. Their basic work is to create recreational and medicinal Cannabis they are listed on NYSE with a price tag of $1 and has good validity so that more traders are attracted to it
The company is headquartered in Canada and operates through its retail and wholesale channels across the world. It is one of the largest companies that manufacture cannabis and it is also listed on both NYSE and Toronto Stock Exchange.
Check-Cap Ltd. is a major clinical diagnosis company located in the US. It’s the first patient-friendly diagnosis company that is listed on NYSE. Although the stock had declined earlier in November 2021 but sharply recovered from that downfall. Currently, it is hovering at only $0.33
The stocks of Hexo Corp are available at just 0.39 Canadian dollars. Hexo Corp is known for its amazing volatility. Although there was negative news about it previously it is still the best choice for the traders around the world.
Although the company doesn’t have any specific target price to trade on as no one has suggested any targets for it, it is working on some projects that have ultimately brought some momentum to the stock and ultimately attracted more traders. The current price of the stock is just $0.26.
The stock is available at just $2.32 and it is listed on NASDAQ. The company has good stats and better ratings based on its past performance. Its target price is approximately $4 in the near future.
In this article, we have so far explained the top 10 penny stocks that you can go for in the long term. However, we strongly recommend that you do your research before you invest. We do not endorse any stock, instead we present our study on these stocks. If you have any questions, feel free to ask.
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