penny stocks on robinhood

10 Best Penny Stocks on Robinhood to Buy Now (Sep 2022)

The following guide covers the Best Penny Stocks on Robinhood in 2022.

The best penny stocks on Robinhood are GNUS, IDEX, NAKD, SNES, SNDL, RIG, and many others found in this list.

Some of these options can be considered very Undervalued Stocks that could provide major returns long-term!

While Robinhood is the most used brokerage for trading penny stocks, all of the stocks in this guide can be traded on any popular brokerage such as Vanguard, WeBull, Fidelity, TD Ameritrade, and others.

Some of the most popular industries include 5G Penny Stocks and EV Penny Stocks.

Prior to diving into the best penny stocks on Robinhood, it’s important to understand what a penny stock is and the risks associated with investing in them.

What is a Penny Stock?

A penny stock is defined by Investopedia as the stock of a small company that trades for less than $5 per share.

Historically, many classified penny stocks as company stocks that trade for less than $1.00 per share. This was later modified by the Securities and Exchange Commission (SEC).

what is a penny stock

Although all penny stocks listed below trade on huge exchanges like the New York Stock Exchange (NYSE), it’s important to note that most trade over the counter through the OTC Bulletin Board (OTCBB).

Many small businesses use their penny stocks as a way to access funding from retail investors.

Important: Before investing in penny stocks on Robinhood, it’s important to understand the risks and commonalities of penny stocks.

Investing in penny stocks is not a common trend among the world’s best investors. The greatest investors are known to hold broad market Index Funds for decades.

In fact, the best investors are actually dead:

Best Investors are Dead – Fidelity Study

Some of the main risks with investing in penny stocks include the following:

  • High volatility
  • Unproven businesses
  • Lack of liquidity
  • Targets for “pump and dumps”
  • Higher probability of bankruptcy and fraud
  • Limited company financial records

While there are several risks, it is still very possible for investors to make money from penny stocks through share appreciation.

The same can also be said for promising companies who file for Initial Public Offerings (IPOs).

Best Upcoming IPOs

Some of the household companies today that were once penny stocks include Apple, Ford, Snap, Monster Beverage, Plug Power, and more.

 

Below you will find a complete list of the 10 best penny stocks on Robinhood.

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Best Penny Stocks on Robinhood

I recommend bookmarking this page to keep you up to date on the Best Penny Stocks on Robinhood. This page is updated Weekly for your reference.

The following list was last updated on Mon, Oct, 03, 2022

As of this writing, all penny stocks listed below are currently available for trading on Robinhood and other brokerages.

This is similar to our list of Best Silver Stocks and Best Sports Betting Stocks.

The Robinhood penny stocks below are ranked based on the following criteria:

  • Historical performance
  • Market Cap
  • Industry
  • Company outlook
  • Average Volume

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best penny stocks on robinhood ideanomics

1. Ideanomics (IDEX)

Ideanomics (IDEX) is a highly traded penny stock on this list catering to those who invest in electric vehicle (EV) companies.

This software company has an impressive market cap of $1.33B and its average price over the past year is between $3-3.50 per share.

Industry: Software

Market Cap: $1.33B

Average Volume: 20.02M

best penny stocks on robinhood genius brands

2. Genius Brands International (GNUS)

Genius Brands International (GNUS) tops our list of best penny stocks on Robinhood for several reasons.

This children’s media company owns the Kartoon Channel platform and holds licenses for several characters from Pac-Man, Sonic the Hedgehog, and others.

Genius Brands has a market cap exceeding $570 million and its share price usually hovers around $1.5-2 per share.

Industry: Media & Entertainment

Market Cap: $571.50M

Average Volume: 18.62M

best penny stocks on robinhood sndl

3. Sundial Growers (SNDL)

Sundial Growers (SNDL) is a popular cannabis company based in Alberta, Canada.

This penny stock become increasingly popular during the “Wall Street Bets” craze and was traded by millions of retail investors during this time.

Sundial Growers touts a market cap of over $2 billion and has traded between $0.50-1 per share consistently.

Industry: Cannabis

Market Cap: $2.07B

Average Volume: 153.91M

4. Tonix Pharmaceuticals (TNXP)

Tonix Pharmaceuticals (TNXP) is a biopharmaceutical company focused on treating and preventing human diseases. They are based in New Jersey.

This company has a market cap of around $450 million and trades between $0.7-1.3 per share over the past year.

Industry: Pharma

Market Cap: $449.54M

Average Volume: 8.96M

best penny stocks on robinhood naked brand group

5. Naked Brand (NAKD)

Naked Brand Group (NAKD) is a well-known apparel company based in Australia specializing in swimwear.

This penny stock has a market cap hovering around $612 million and its average price hovers between $0.50-1 per share.

Industry: Apparel

Market Cap: $612.23M

Average Volume: 79.06M

snes robinhood penny stock

6. SenesTech (SNES)

SenesTech (SNES) is a biotech company specializing in animal pest populations through fertility control.

Most notably, this Phoneix based company offers a “ContraPest” product to both residential and commercial sectors

SenesTech has a market cap topping $20 million and an average share price between $1.50-2 per share.

Industry: Biotech

Market Cap: $20.33M

Average Volume: 200.13K

 

best robinhood penny stocks transocean

7. Transocean (RIG)

Transocean (RIG) operates as an offshore drilling company for oil and gas wells. This organization is headquartered in Switzerland.

Transocean has a large market cap exceeding $2 billion and has traded between $2-4 per share over the past year.

Industry: Energy

Market Cap: $2.57B

Average Volume: 26.83M

best penny stocks on robinhood globarstar

8. Globalstar (GSAT)

Globalstar (GSAT) is involved in the provision of mobile satellite services, making it a popular play among those interested in 5G.

This company’s market cap tops an impressive $2.3 billion and holds an average stock price between $1-1.70 in 2021.

Industry: Telecom

Market Cap: $2.31B

Average Volume: 20.91M

 

best penny stocks on robinhood ogi

9. OrganiGram (OGI)

OrganiGram (OGI) is another cannabis stock on this list of Robinhood penny stocks. They are based in Moncton, Canada.

The company’s market cap is over $900 million and its share price trades between $2.50-3.50 per share YTD.

Industry: Cannabis

Market Cap: $932.86M

Average Volume: 6.37M

best penny stocks on robinhood capr

10.  Capricor (CAPR)

Capricor (CAPR) finishes our list of penny stocks on Robinhood as a pharmaceutical company focusing on cardiac treatment.

This company has a market cap exceeding $121 million and has been a more volatile penny stock trading between $4-8 per share YTD.

Industry: Pharma

Market Cap: $121.48M

Average Volume: 772.54K

How to Find Penny Stocks on Robinhood

Finding the best penny stocks on Robinhood is a simple process we outline below. Follow these quick steps.

1. Sign up for a free Robinhood account – Click Here to Sign Up With Free Stock

2. Click the search bar on top and enter “most popular” or you can select the “100 most popular” option under Trending Lists.

Finding the best penny stocks on Robinhood is a simple process

3. You are now able to see the 100 most popular stocks traded on Robinhood.

You are now able to see the 100 most popular stocks traded on Robinhood.

4. Next click the “Price” column to sort from lowest share price to highest.

That's it! You can now find the most popular Robinhood penny stocks.

That’s it! You can now find the most popular Robinhood penny stocks.

Overall, these are the best penny stocks on Robinhood currently available. Always be sure to invest responsibly!

Refer to the video below for even more penny stock ideas!

 

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Best Penny Stocks on Robinhood FAQ

What are the Best Penny Stocks on Robinhood?

The best penny stocks on Robinhood are GNUS, IDEX, NAKD, SNES, SNDL, RIG, and many others found in this list.

What is a Penny Stock?

A penny stock is the stock of a company that trades for less than $5.00 per share.

What are the Best Penny Stocks Under $1.00?

The best penny stocks under $1.00 are CEI, NAKD, SNDL, TXMD, and others found in this guide.

Are Penny Stocks a Good Investment?

Penny stocks have historically been very risky, volatile, and the companies behind them are unproven. While it is possible to make money from penny stocks, there are several investment alternatives that have yielded higher returns in the past.