7 Robinhood Penny Shares to Watch in July 2021
Robinhood penny shares are among the hottest decisions for every type of traders proper now. It’s value noting that penny stocks are any safety buying and selling underneath $5, which signifies that the choices are fairly broad. And on Robinhood, this provides tons of of various decisions for potential penny shares traders to select from.
To know which penny shares suit your investing fashion finest, you first have to grasp what sort of investor you’re. On one hand, now we have brief time period or swing merchants. These are merchants that look to make brief time period earnings with sometimes, excessive volatility shares. That is the commonest technique with penny shares as they are typically extremely speculative, and due to this fact, very unstable.
[Read More] 8 Top Tech Penny Stocks to Watch in July 2021
Alternatively, now we have long run merchants. These are traders that goal to seek out penny shares with long run worth to purchase and maintain. This could be a good technique, nevertheless it includes understanding what’s going to make an organization transfer in the long run. Whereas there are extra methods to invest in penny stocks, these are typically the 2 hottest. With all of this in thoughts, let’s check out seven Robinhood penny shares to observe in Mid-July.
5 Robinhood Penny Shares to Watch
- Zomedica Corp. (NYSE: ZOM)
- Oxbridge Re Holdings Ltd. (NASDAQ: OXBR)
- Waitr Holdings Inc. (NASDAQ: WTRH)
- Kosmos Vitality Ltd. (NYSE: KOS)
- Citius Prescribed drugs Inc. (NASDAQ: CTXR)
Zomedica Corp. (NYSE: ZOM)
Zomedica Corp. is a biotech penny stock that focuses on veterinary well being. The corporate’s merchandise are primarily based on the unmet wants of medical veterinarians and particularly, for companion animals. Zomedica is creating and commercializing TRUFORMA, which is a diagnostic biosensor platform to detect thyroid problems in canines and cats. On July sixth, Zomedica offered a company replace.
“Whereas the change to our gross sales construction and the delay of fT4 and ACTH definitely have been surprising, we imagine that these points are being addressed successfully inside and outdoors Zomedica.
We’ve got calibrated spending to coincide with a later adoption curve than anticipated, are working cooperatively and successfully with our companion, Qorvo, and are trying ahead to delivering all the promise of TRUFORMA later this yr.”
The CEO of Zomedica, Robert Cohen
ZOM inventory has gone from about $0.35 per share to $0.71 per share on common as of July eighth. The corporate’s development has additionally been boosted by Reddit and its excessive quantity on Robinhood. Moreover, ZOM has earned the title of being a meme inventory, which is an organization that’s ceaselessly mentioned on social media platforms. This has resulted in among the spikes we’ve witnessed lately, nevertheless it additionally has contributed to its excessive total volatility. With this in thoughts, will ZOM be in your checklist of penny shares to observe?
Oxbridge Re Holdings Restricted (NASDAQ: OXBR)
Oxbridge Re Holdings Restricted is a penny inventory that gives specialty property and casualty reinsurance options. The corporate underwrites reinsurance contracts primarily for property and casualty insurance coverage companies within the Gulf Coast area of the USA. Oxbridge distributes all of its merchandise and options by means of reinsurance brokers.
The final replace from Oxbridge comes from Could 2021. That is when the corporate offered improved outcomes for the three months ending March thirty first, 2021. The corporate achieved a internet revenue of $28,000 in comparison with a internet lack of $364,000 the earlier yr. This report might be one of many essential causes that OXBR inventory has seen greater momentum than regular up to now month or so.
“We fared effectively regardless of 2020 setting a report for being probably the most energetic hurricane season. As well as, our sidecar traders SPV traders are on observe to obtain a double digit return for the contract yr ending Could 31, 2021, following a beautiful 36% return within the prior yr. We stay constructive about our long-term prospects and proceed to judge new development alternatives whereas additional mitigating danger.”
The CEO and President of OXBR, Jay Madhu
Up by as a lot as 10% available in the market immediately, will you add OXBR to your checklist of penny shares to observe?
Waitr Holdings Inc. (NASDAQ: WTRH)
Waitr Holdings Inc. is a high-performing tech penny stock. This firm operates an internet ordering platform within the U.S. for meals supply. Its Waitr and Chunk Squad cell apps present supply, carryout, and dine-in choices. This permits for a connection between eating places, drivers, and clients.
As of December thirty first, 2020, the corporate had 20,000 eating places in 700 cities on its platforms. On June third the corporate introduced the launch of a company rebrand initiative.
“This choice to rebrand will higher mirror our id and enterprise operations as we proceed our enlargement into new verticals outdoors of the meals supply section and may enhance and improve our advertising and marketing and public relations synergies.
Our three core constituents present us with a myriad of business alternatives. We’re presently interviewing branding companies with the aim to establish and decide on a company identify and model that unifies our present service choices and higher displays our long-term enterprise technique.”
The CEO and Chairman of Waitr Holdings, Carl Grimstad
WTRH inventory has had a relatively turbulent yr or buying and selling with many ups and downs. However on July eighth, WTRH inventory elevated by round 1.8% available in the market, probably indicating bullish sentiment for the corporate. The corporate’s quantity is near its common on the identical day. Contemplating all of this, will Waitr Holdings make your checklist of penny shares to observe?
Kosmos Vitality Ltd. (NYSE: KOS)
Kosmos Vitality Ltd. is an oil and fuel penny inventory primarily based in the USA. The corporate’s operations embrace deepwater impartial oil and fuel exploration and manufacturing. Its focus is on the Atlantic Margins, with its main belongings being in offshore Ghana, Equatorial Guinea, U.S. Gulf of Mexico, Mauritania, and Senegal. Kosmos moreover has a confirmed basin exploration program that has been an enormous worth level for traders to think about. Just a few days in the past, Kosmos launched an vitality operational replace on July fifth, 2021.
“Kosmos had a strong second quarter, producing constructive money circulate which lowered internet debt by round $100 million, pushed by greater gross sales volumes, robust operational efficiency in Ghana and enhancing realized oil costs.
We proceed to see momentum construct throughout our producing hubs with new wells drilled in Ghana and the U.S. Gulf of Mexico through the quarter and the arrival of the rig for improvement drilling in Equatorial Guinea.”
The Chairman and CEO of Kosmos Vitality, Andrew G. Inglis
Prior to now six months, shares of KOS inventory have climbed by a strong 25%. This can be a reflection of the excessive curiosity within the vitality sector throughout that timeframe. Contemplating its position within the oil and fuel trade, is KOS inventory value keeping track of?
Citius Prescribed drugs Inc. (NASDAQ: CTXR)
Citius Prescribed drugs Inc. is a biotech penny inventory that focuses on vital care merchandise. The corporate develops and commercializes a variety of anti-infective, most cancers care, prescription, and mesenchymal stem cell remedy merchandise. It’s presently creating Mino-Lok which is an antibiotic lock answer for treating sufferers with catheter-related bloodstream infections.
On July seventh the corporate offered the primary half of its 2021 enterprise replace and highlights. Its Part 3 Mino-Lok trial is continuing as deliberate following a suggestion by the impartial Information Monitoring Committee.
“On July 1, 2021, we reported that the impartial Information Monitoring Committee (DMC), following its third interim assessment, really helpful persevering with the Part 3 trial for Mino-Lok® with out modification.
This suggestion affirms that there’s an necessary efficacy sign that deserves shifting ahead with the trial, there aren’t any security considerations to warrant halting the trial, and that the complete information set upon trial completion might help statistically vital superiority.
Whether or not Mino-Lok® demonstrates statistical superiority will solely be recognized to us as soon as the trial is completed and the info is unblinded.”
The President and CEO of CTXR Myron Holubiak
Mino-Lok appears to be probably the most promising compound popping out of CTXR proper now. And with this thrilling replace, it might make Citius Prescribed drugs a penny inventory to observe.
2 Extra Robinhood Penny Shares to Watch
Which Robinhood Penny Shares Are You Watching Proper Now?
Making a listing of the best Robinhood penny stocks to buy in 2021 will be difficult. Nevertheless, with so many assets out there on-line, making a watchlist will be a better job than beforehand imagined.
Contemplating that there are tons of of penny shares to select from, discovering solely a handful to purchase will take analysis and a dedication to a buying and selling schooling. However, with these steps locked down, shopping for penny shares in 2021 could be a worthwhile approach to commerce.