Robinhood Market Inc, offers a user base of more than 22 million, over 17 million of whom are active on the platform every month. Based on the research, millions of the investors use Robinhood to trade stock. Also, they look for the cheapest penny stocks to invest their money. Penny stocks are attractive to the investors because they show higher than average volatility. Well, here we are going to share the best Penny stocks on Robinhood Under 10 Cents in 2022.
Best Penny Stocks on Robinhood Under 10 Cents in 2022
Here are some of the best Penny Stocks on Robinhood Under 10 Cents in 2022:
1. Marathon Oil Corporation (NYSE: MRO)
Marathon Oil Corporation, simply known as Marathon Oil, is a petroleum and natural gas exploration and production company from America, headquartered in the Marathon Oil Tower in Houston, Texas. There were a lot of oil and gas stocks experiencing short term jumps in price. But Marathon Oil Corporation (NYSE: MRO) was not among these names.
2. MFA Financial Inc. (NYSE: MFA)
MFA Financial Inc. is a real estate investment trust mainly engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential mortgage-backed securities and residential whole loans. Also, MFA Financial Inc. (NYSE: MFA) is one of the top cheapest penny stocks on Robinhood under $1.
3. Acasti Pharma
Acasti Pharma is another one of the biotech Penny stocks under $1. This company focuses on biotech treatment development. Based on the research, at the beginning of November, shares hit a 52-week high of $0,171. Since then, ACST stock has managed to climb to highs of $0,4177.
4. Aurora Cannabis Inc. (NYSE: ACB)
Aurora Cannabis Inc. is one of the cheapest penny stocks in Robinhood. Aurora Cannabis Inc. might not be the best penny stock for purchase. Needles to say, where there is attention, there is typically momentum. Aurora Cannabis Inc. (NYSE: ACB) is no stranger to volatility.
5. Nokia Corporation (NYSE: NOK)
Nokia Corporation is a multinational telecommunication, information technology, and consumer electronics company. Also, Nokia Corporation is one of the cheapest Penny stocks in Robinhood. At the end of August, the penny stock dropped from over $5 to below $3.50.
6. Aphria Inc. (NASDAQ: APHA)
Aphria Inc. is headquartered in Leamington, Ontario. The company put a price tag of $1. Aphria Inc. is another stock name to know. Also, it is one of the popular Penny stocks on Robinhood. This company operates through retail and wholesale channels in Canada and internationally. Aphria Inc. (NASDAQ: APHA) is one of the largest cannabis companies in the world. It is listed on the Toronto Stock Exchange and NASDAQ.
7. Check-Cap Ltd.
Check-Cap Ltd. has been a great performer in November. Despite hitting new 52-week lows during the first week of November, Check-Cap Ltd. Has managed to climb over 70 percent so far.
8. Hexo Corp
Hexo Corp is one of Penny stocks under $1 to buy on Robinhood. When it comes to Marijuana Penny Stocks, sector catalysts are able to be that rising tide to lift all ships. In this case, several legislative news broke late in the Friday session. As far as analysts are concerned, Hexo stock is not the highest-rated name.
9. Oragenics Inc.
Oragenics Inc. is not one of the firms with a price target or analyst rating right now. But the firm has been executing on some different initiatives. These have assisted compound momentum in the latter part of the fourth quarter. Based on the research, since November 20th, Oragenics stock has climbed from around $0.38 to $0.6499.
10. Avinger Inc.
Avinger Inc. is one of Penny stocks under $1 that you can buy on Robinhood. This company has a Buy rating on the stock along with a price target of about 212% higher than the current trading levels approximately $0.32.
11. Broadway Financial Corporation (NASDAQ: BYFC)
Broadway Financial Corporation is a California-based bank holding company. It is ranked ninth on our list of the cheapest penny stocks on Robinhood. The company’s shares have already returned 74% to the investors over the past twelve months. For your information, the company has a market cap of over $114 million and posted $13 million in revenue last year.
12. Verb Technology Company Inc. (NASDAQ: VERB)
Verb Technology company stock has offered the investors returns exceeding 128% over the course of the past twelve months. It is one of the cheapest penny stocks on Robinhood. This company offers software solutions and it is headquartered in Utah. This company is one of popular stocks of retail investors that frequent the Reddit forum named WallStreetbets.
Other Penny Stocks Under 10 Cents
Here some other Penny Stocks under 10 cents:
1. Missfresh (NYSE:MF)
- Stock Price: $0.10
- Market Cap: $20.07 million
- Average Trading Volume: 8.05 million shares
- Consensus Rating: Buy (2 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings)
- Consensus Price Target: $6.39
2. Ampio Pharmaceuticals (NYSEAMERICAN: AMPE)
- Stock Price: $0.08
- PE Ratio: -1.05
- Market Cap: $19.01 million
- Average Trading Volume: 4.56 million shares
- Consensus Rating: Buy (1 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings)
- Consensus Price Target: $3.00
3. Allena Pharmaceuticals (NASDAQ: ALNA)
- Stock Price: $0.02
- Market Cap: $1.95 million
- Average Trading Volume: 15.69 million shares
- Consensus Rating: Hold (0 Buy Ratings, 3 Hold Ratings, and 0 Sell Ratings)
- Consensus Price Target: $3.00
4. Clarus Therapeutics (NASDAQ: CRXT)
- Stock Price: $0.03
- PE Ratio: -0.02
- Market Cap: $1.51 million
- Average Trading Volume: 6.39 million shares
- Consensus Rating: Buy (2 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings)
- Consensus Price Target: $7.90
5. Enjoy Technology (NASDAQ: ENJY)
- Stock Price: $0.05
- PE Ratio: -0.02
- Market Cap: $6.25 million
- Average Trading Volume: 2.23 million shares
- Consensus Rating: Hold (0 Buy Ratings, 4 Hold Ratings, and 1 Sell Ratings)
- Consensus Price Target: $5.50
6. MedMen Enterprises (OTCMKTS: MMNFF)
- Stock Price: $0.05
- Average Trading Volume: 2.13 million shares
- Consensus Rating: Hold (0 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings)
- Consensus Price Target: $0.25
