Robinhood Penny Stocks: What You Need To Know

Robinhood is a mobile trading platform that allows users to trade stocks with no fees or minimum balances. The app has been a godsend for novice traders and investors with small portfolios, and Robinhood penny stocks have become particularly popular amongst day traders.  Users can trade equities and penny stocks listed with NASDAQ and NYSE with no commissions or hidden fees. Investors can even trade option contracts without commissions. Yes, it’s really free!

robinhood penny stocks

Other companies have attempted to launch zero-commission brokerage platforms in the past with little success. Traditional brokers couldn’t offer zero-commission trades and simultaneously turn a profit, but Robinhood is different. They operate like a bank, collecting interest on customer deposits. Additionally, they make millions of dollars by selling customer data. These additional revenue streams enable the company to offer zero-fee accounts sustainably.

Thanks to Robinhood, investing has become more accessible to the masses. Users can maintain small accounts and trade without paying $5 commissions. If you trade penny stocks, you’ll find that selection of Robinhood penny stocks is limited. Most penny stocks aren’t listed on major exchanges, and users can only trade exchange-listed stocks on the platform. As a result, Robinhood penny stocks are limited to those trading on the NASDAQ and NYSE.

If you’re into penny stock trading, don’t worry. There are plenty of great stocks under one dollar that you can trade on the app. Don’t take our word for it, see for yourself! We’ve listed the best Robinhood Penny Stocks for you to check out. Get started trading for free today on Robinhood with these exchange-listed penny stocks!

Best Robinhood Penny Stocks

Chesapeake Energy Corporation (NYSE: CHK) –strong buy stocks

Operating wells across the U.S., Chesapeake Energy Corp. is a big player in the petroleum and natural gas scene. The company gets most of its oil revenue from shale-related assets, so the stock’s fate is tied in with the price of WTI crude. CHK has horrible ratings from analysts and almost everyone is bearish on oil & gas right now, but how much worse can it get for the energy market? The stock hit a low point at $1.71 in December and has been on a steady uptrend since. With the summer driving season approaching and gas prices on the rise, CHK shareholders are hoping for increased profits and continued gains in share prices.

GNC Holdings, Inc. (NYSE: GNC) –

Shares of GNC, a vitamin & health supplement retailer, have been under pressure as of late. The company missed on its Q4 & Q3 earnings reports for 2018 and shares took a tumble as a result, hitting a low of $2.14 per share in December before rallying with the rest of the market. Even with all of that downward momentum, shares of GNC are up over 15% YTD. GNC also has good fundamentals. It’s trading at a PE of 3.88 and an incredible 0.10 price/sales ratio. GNC has been crushed with bad headlines lately and the stock is still going up. That’s a strong indication that the stock has bottomed and is finally ready to run.

Blink Charging Co. (NSDQ: BLNK) –

If you’re looking to cash in on the increasing popularity of electric vehicles, a position in Blink may help you do that. The company owns, operates, and provides charging stations and other equipment to support electric vehicles. Shares of Blink have been all over the place during the past year, but share prices are up over 70% YTD. Be careful with this one, its weekly volatility percentage is over 11%, meaning share prices tend to move drastically.

The fundamental outlook is good for the company’s EV business. Blink has announced agreements to provide charging stations for customers in both Europe and America. They even have an agreement in place to install their electric vehicle chargers at Whole Foods locations. As more and more car manufacturers focus on producing electric vehicles, companies like Blink could be big beneficiaries of the resultant increase in EV ownership.

Soleno Therapeutics, Inc. (NSDQ: SLNO) –

Another interesting play on a growing industry, Soleno Therapeutics researches and develops nanotechnology and clinical-phase pharmaceuticals to treat rare diseases. SLNO share prices ranged up as high as the mid-thirties in 2015, but they’ve been trading under $10 consistently since the beginning of 2016.

After a multi-year downtrend, it seems that shares of SLNO are finally on the up and up. Share prices are up over 23% since last year and over 36% YTD.  In March of 2019, the company’s signature drug was recommended for the continuation of Phase III trials, and shares surged over 95% on the news. This stock has been in the dumps since 2016, but it appears that SLNO may be ready to turn things around.

ZIOPHARM Oncology, Inc. (NSDQ: ZIOP) –

ZIOPHARM develops and commercializes new cancer therapies to treat previously unaddressed clinical niches. Cancer patients everywhere are relying on the biotech industry to develop new therapies, and ZIOPHARM is working on groundbreaking treatments to help these patients get better. They’re working on sophisticated drugs for gene therapy, immunotherapy, and much more.

Shares of ZIOP rallied after a huge beat on earnings in March of 2019, when the company delivered $1.29 per share earnings against Wall Street estimates of $0.13 per share loss. However, don’t get too excited. That epic beat was due entirely to a one-time profit of $207 million that the company received after some balance sheet maneuvering, and revenues for the quarter were basically zero. This stock is volatile so, if you play the peaks and valleys, you can find profitable trades if you can time the market correctly, but make sure to keep your stops tight and stick to your entry/exit plan.

robinhood penny stocks

The Bottom Line for Robinhood Penny Stocks

Don’t be discouraged that Robinhood only carries exchange-listed stocks. Robinhood penny stocks offer just as much opportunity to play the market. In fact, exchange-listed stocks are even easier to trade because of their higher average volume. More volume means tighter spreads and a richer overall trading environment. Sign up with Robinhood today using this referral link and get a FREE STOCK by clicking here!

Did you know Ultimate Stock Alerts picks only NASDAQ and NYSE exchange-listed stocks for our penny stock picks? That’s why Ultimate Stock Alerts is the perfect companion for Robinhood users. We’ll show you the best Robinhood penny stocks and help you develop a sound trading strategy. With Robinhood’s zero-commission platform and the best penny stock picks from Ultimate Stock Alerts, you’ll have everything you need to put the market to work for you. Stop waiting on the sidelines, start investing successfully today with Ultimate Stock Alerts!!

BREAKING: Get Alerts On Penny Stocks That Could Explode!

What do you think? Have you used Robinhood? Does the platform work for you? What was your experience trading options on Robinhood? What are your picks for the best Robinhood penny stocks?

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