6 Top Penny Stocks on Robinhood

Robinhood is a popular online discount broker and for good reason. It was one of the first major brokers to choose not to charge stock trading commissions. This was an interesting concept in the early days of Robinhood, as transaction fees could cut into your earnings.

But as with all brokers, Robinhood does not accept all available stocks. So you can only trade the stocks available on the platform when you use it.

But what if you want to trade penny stocks? What are some of the top penny stocks on Robinhood? We’ll give you a list to consider below. But before we do that, it’s important to understand the risk associated with trading penny stocks.

Ultimately, the companies represented by these low-cost stocks have a high probability of failure. So there is significant risk involved when investing in them. On the other side of the coin, penny stocks that do well have the potential to produce significant gains.

Find what we think are six of the best penny stocks backed by Robinhood below.

Key points:

• There are several penny stocks available on the Robinhood platform.
• Penny stocks can produce significant gains, but they can also be risky.
• Want to buy low and sell high? Check out our new Discover the “Next NVIDIA” report while it’s still free. When you do, you’ll learn about two stocks that we believe have the potential to grow 10x ahead.

BranchOut Food could be a plant-based winner

As consumers continue to become more aware of what they eat, BranchOut Food (Nasdaq: BOF ) is becoming an increasingly attractive stock to consider. The company’s claim to fame is in plant-based foods and snacks. For example, avocado, Brussels sprouts and banana chips are all on the BranchOut Food menu.

The purpose of the company is simple. They aim to make great snacks using the world’s superfoods, creating healthy options for consumers that are still affordable. And given the state of the food industry, this could be a very profitable strategy in the long run.

Safety Shot could improve the profitability of your portfolio

Have you ever had one too many and had to wait a while to leave the party? Safety Strike (Nasdaq: SHOT) is a company that aims to solve that problem. The company’s product, which also goes by the name Safety Shot, is a drink that the company claims lowers blood alcohol content and improves mental clarity after drinking. In fact, according to them websiteSafety Shot works in just 30 minutes.

Asset entities could advertise their way to profit

Asset Entities (Nasdaq: ASST ) is another penny worth checking out at Robinhood. The company’s core business is social media marketing, content delivery and server management. In particular, the company provides services to and across social media platforms such as Discord, Instagram, TikTok, Twitter and YouTube.

Importantly, the company is already gaining market share. But it is also in the beginning. So it will be interesting to watch how the company continues to grow, likely producing significant returns for investors.

Arcutis Biotherapeutics may have more catalysts ahead

Arcutis Biotherapeutics (Nasdaq: ARQT) is a commercial-stage biotechnology company focused on developing therapies for skin conditions. While the company already has two drugs approved, the excitement behind the stock surrounds its clinical pipeline. The Company has three ongoing clinical programs and three preclinical programs, all of which address skin conditions and all of which have the potential to generate significant revenue if approved. Moreover, with so many programs underway, there will likely be more catalysts for investors to watch.

Richtech robotics could change food service

Richtech Robotics (Nasdaq: RR) is an innovative robotics company focused largely on the food service industry. Although the company has delivery bots, they are not what I think is most impressive about this company. The company also offers a two-armed robot that can handle things like food preparation, as well as other robots that can help with food packaging. Importantly, part of the food packaging includes features that cannot be tampered with. Therefore, the company works to bring a higher level of safety and efficiency to the food industry.

Bridger Aerospace Group

Bridger Aerospace Group (Nasdaq: BAER) is a company focused on aerial firefighting. It has a fleet of aircraft designed to help fight fires. For example, the company has several scoopers in its fleet. These are planes that fly close to bodies of water and scoop up the water as they fly. From there, the aircraft flies over the fire and drops significant amounts of water in an attempt to kill the flames.

The company also has air attack planes. These aircraft have crews following the fire from the air, giving ground crews much-needed information to fight some of the largest fires and helping to delegate resources efficiently.

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