Are Robinhood Penny Shares Nonetheless Price Investing in?
Penny shares are a few of the hottest securities to put money into proper now. And, Robinhood is a worthwhile supply for buying and selling penny stocks in a simple approach. Nevertheless, there are some limitations alongside the advantages that it provides. For one, buying penny stocks on Robinhood might be difficult because it doesn’t enable entry to the OTC alternate. That is the place the majority of penny shares reside.
Nevertheless, the time period penny stocks itself merely means any inventory that’s buying and selling underneath $5. Provided that there are lots of of NASDAQ and NYSE listed shares underneath $5, the choices are nonetheless aplenty.
Now, the subsequent factor to think about is liquidity. Whereas that is generally penny inventory particular, Robinhood has been identified to halt buying and selling when the quantity is extraordinarily excessive. This occurred in the course of the GameStop Corp. (NYSE: GME) fiasco that went down a couple of months again. However, this isn’t one thing we see typically, and shouldn’t be an excessive amount of of a fear.
Now, the subsequent factor to think about is that Robinhood doesn’t actually supply funding instruments similar to analysis and evaluation past face-level info. Whereas this data might be helpful, it’s greatest to have entry to your analysis databases to make tailor-made investing selections.
Buying penny stocks in 2021 couldn’t be simpler with the variety of assets on the market. And whereas Robinhood is just not the one platform for getting shares by any means, it is likely one of the hottest brokerages on the market. With all of this in thoughts, listed here are 4 Robinhood penny shares to look at in Summer time 2021.
4 Robinhood Penny Shares to Watch Proper Now
- Zomedica Corp. (NYSE: ZOM)
- LAIX Inc. (NYSE: LAIX)
- Pieris Prescription drugs Inc. (NASDAQ: PIRS)
- Cinedigm Corp. (NASDAQ: CIDM)
Zomedica Corp. (NYSE: ZOM)
Biotech penny shares like Zomedica Corp. have been in market focus just lately. Some biotech penny stocks transfer up due to trial progress and commercialization of merchandise whereas others can transfer primarily based on trade information.
Zomedica tends to be an organization that strikes off of stories and pure hypothesis. ZOM can also be ceaselessly talked about on the favored subreddit WallStreetBets, including to its speculative results. This has turned ZOM into what merchants are calling “Reddit penny stocks”.
Earlier than speaking about Reddit’s impression on Zomedica, let’s speak about what the corporate does. Zomedica is a biotech penny inventory that focuses on the unmet wants of medical veterinarians. It develops merchandise for companion animals, similar to canine and cats. It’s at present creating and commercializing TRUFORMA, a diagnostic biosensor platform for detecting thyroid issues in domesticated animals.
The rise in reputation of ZOM attributable to Reddit is sort of spectacular. In December 2020, ZOM inventory was value about $0.16 per share. Now as of Could twenty seventh, this biotech penny inventory is at about $0.80 per share. At one level in February 2021, Zomedica even reached as excessive as $2.70 per share. Whereas the inventory has pulled again, it’s nonetheless ceaselessly being talked about throughout Reddit.
So what else is impacting ZOM inventory other than Reddit? Effectively, the corporate launched its first-quarter monetary outcomes on Could twelfth, 2021. It reported a internet loss yr over yr, however strong income numbers.
The corporate had restricted gross sales within the first quarter of 2021. However the firm now expects to see income enhance as gross sales and advertising actions enhance within the coming months. With a lot info to think about from this biotech penny inventory, will it make it onto your watchlist?
LAIX Inc. (NYSE: LAIX)
LAIX Inc. is a penny inventory that gives English studying services and products in China. One in every of its functions is Liulishuo, which provides leisure studying, customary programs, DongNi English, and different English studying applications. It has an analogous app focused in direction of youngsters that enhances the studying, listening to, and talking talents of youngsters.
LAIX inventory has elevated in worth considerably after the corporate launched its first-quarter 2021 monetary outcomes. LAIX reported a internet earnings of $1.9 million in comparison with a large internet loss the yr prior.
Its gross margin was 77.6% in comparison with 65.5% the final yr, which is all the time an encouraging signal. Its internet income did lower, together with its gross sales and advertising bills yr over yr. This is sensible given the big results of the pandemic on all companies.
“These numbers reiterate our agency dedication and robust execution capabilities relating to price controls. Our focus going ahead is to steadiness profitability by bettering working leverage whereas on the identical time executing our strategic initiatives to propel our operational progress.”
The CEO and Chairman of LAIX Inc., Dr. Yi Wang
With all of this info in thoughts, will you be including LAIX to your list of penny stocks to look at?
Pieris Prescription drugs Inc. (NASDAQ: PIRS)
One other biotech penny inventory that has been performing nicely available in the market is Pieris Prescription drugs Inc. This can be a clinical-stage firm that discovers and develops anticalin protein-based medication.
These are low molecular-weight therapeutic proteins from lipocalins which can be naturally occurring low-molecular weight human proteins present in blood plasma. Its lead merchandise embody PRS-060/AZD1402 which is in Section II medical trials concentrating on IL-4Ra for treating bronchial asthma and inflammatory illnesses.
Just lately the corporate made progress that brought on its inventory worth to shoot up considerably. Pieris will collaborate with Genentech for respiratory and ophthalmology drug improvement. It should enable Pieris to mix its discovery engine with Genentech’s targets, and its preclinical and medical improvement experience; all aiding within the improvement of novel compounds.
It should additionally collaborate to create novel therapies for treating respiratory and ophthalmological illnesses. The settlement may moreover nominate a number of applications for additional improvement. Below the phrases, Pieris will get $20 million upfront and is eligible to get greater than $1.4 billion in potential milestone funds, in addition to royalties for commercialized applications.
“We look ahead to working intently with Genentech on the event of latest inhaled and ophthalmological remedies primarily based on the Anticalin platform. This collaboration additional expands our partnered efforts in respiratory illnesses and opens a brand new avenue for our Anticalin know-how to probably present affected person profit by way of native organic results.”
The CEO of Pieris, Stephen S. Yoder
For the reason that announcement was made, PIRS inventory has gone from about $1.85 per share on common to greater than $3.75 per share. Will this firm make it on to your record of penny shares to look at?
Cinedigm Corp. (NASDAQ: CIDM)
Cinedigm Corp. is an entertainment penny stock we’ve talked about ceaselessly prior to now few months. If in case you have not but heard of the corporate let’s get you on top of things.
Cinedigm is a distributor of film, tv, and short-form content material within the U.S., Canada, and New Zealand. It owns a big library of distribution rights for digital, bodily, house, and cell leisure platforms. It additionally companies digital cinema belongings on 12,000 home and international film screens.
One information announcement that garnered quite a lot of consideration for this penny inventory was the announcement of Fandor Selects. Fandor Selects is the world’s first NFT movie label. For those who’ve been on the web in 2021, you’ve definitely heard of non-fungible tokens or NFTs in some unspecified time in the future. For those who haven’t heard of the know-how but, let me clarify.
NFTs are digital strategies of possession for artworks, music, buying and selling playing cards, or virtually any unique content material. It’s powered by blockchain which has grow to be vastly fashionable alongside cryptocurrencies like Ethereum and Bitcoin. After the corporate introduced plans to supply a few of its Fandor’s movie discography as NFTs, its inventory worth grew considerably.
Cinedigm additionally introduced one other important replace on Could twenty fifth including to its bullish momentum. The corporate can be collaborating with the Struum streaming service. Struum is a streaming service that’s backed by a multi-million-dollar funding by the previous Disney CEO, Michael Eisner by way of his Tornante firm. Now Cinedigm’s 4 hottest digital channels will launch on Struum.
The final bit of stories that’s serving to CIDM carry out nicely available in the market is the announcement made on Could twenty seventh. Cinedigm acknowledged that its year-over-year progress in complete customers and minutes seen for April was very important on its Dove Channel. Minutes seen elevated greater than 85% yr over yr, whereas complete customers grew 72% yr over yr. With all of this info in thoughts, will you add CIDM inventory to your watchlist?
Which Penny Shares Are on Your 2021 Watchlist?
Shopping for penny shares in 2021 is less complicated than ever with the assistance of platforms like Robinhood. Due to this, the remainder of the work comes right down to doing analysis and making knowledgeable selections.
As a dealer, one of the best ways to determine worth within the inventory market is by understanding what elements are affecting sure industries. This could possibly be every part from world traits to present occasions and extra. With all of this in thoughts, which penny shares are in your 2021 watchlist?