Top Penny Stocks To Buy? Why these Robinhood small caps are popular
The 4 best Penny stocks to watch in 2021
Penny’s shares have been on a tear so far in 2021. While the past two or so months of trading have been on the up and down, overall sentiment remains bullish. Considering that June is a new month, those who invest in penny stocks are enthusiastic about the idea of a clean slate. And, with so many penny stocks on Robinhood showing potential, it looks like summer could be an interesting time to find penny stocks to watch.
Now, when it comes to Robinhood’s penny stocks, we have to consider that they tend to be more volatile than most. This is due to many different factors including social media, and general fluctuations in penny stocks in general.
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And, we can also watch the rise of AMC Entertainment Holdings Inc. (NYSE: AMC) in recent days. Now consider 2021 has also been a crazy year with the pandemic in the background and fears of long term inflation all around.
So with all of that in mind, finding subtitles in 2021 can be a challenge if you don’t know where to look. But, with the right trading education and a commitment to research, it can be easy to build a solid penny stock watchlist. With all of that in mind, let’s take a look at the top 4 stocks to watch out for that are popular on Robinhood right now.
4 popular Robinhood Penny stocks to watch
- Ashford Hospitality Trust Inc. (NYSE: AHT)
- US Well Services Inc. (NASDAQ: USWS)
- Luokung Technology Corp. (NASDAQ: LKCO)
- Ebang International Holdings Inc. (NASDAQ: EBON)
1. Ashford Hospitality Trust Inc. (NYSE: AHT)
The real estate market has taken a turn for the better over the past year. Houses, apartments and other types of property are skyrocketing in front of everyone’s eyes. This gave investors many opportunities to find valuable REITs benefiting from this move. If you are unsure of what a REIT is, the term refers to a “real estate investment trust”.
Ashford operates in particular in the hospitality sector, more specifically with upscale hotels. In a recent presentation, the company showed its short and long term plans to grow its business.
Ashford Hospitality Trust also released its first quarter financial report in early May. It looks like the real estate comeback that’s happening right now is a big plus for AHT. In addition, its position in the hospitality industry could benefit greatly from the increase in travel and the decrease in Covid cases.
A month ago, AHT stock was at almost half of its current price. While AHT shares have been quite volatile since then, the majority of sentiment remains positive. Over the past 5 days, AHT stock has gone from $ 3.05 per share to $ 4.05 per share on average. The nearly 33% increase shows Ashford could have a lot of potential as a reopening penny stock, with cases of Covid reaching new lows. With that in mind, will you add AHT to your list of penny stocks to watch?
2. US Well Services Inc. (NASDAQ: USWS)
Energy penny stocks like US Well Services Inc. are doing well in the market at the moment. Although US Well Services is not a pure oil company, since it does not produce oil, it plays a major role in the energy market. US Well Services is an oil services company that provides hydraulic fracturing services to oil and gas companies. In general, its services are provided to exploration and production companies.
There are a few recent announcements that are boosting the momentum of the USWS. May 18e, the company announced a partnership with Northeast Natural Energy for its clean fleet trial. Joel Broussard, CEO of US Well Services, said: “We believe our Clean Fleet® provides unmatched benefits to our customers in the form of lower completion costs through fuel savings, greenhouse gas emissions , reducing noise pollution and improving safety. “
Then May 24e the company has announced its intention to proceed with the full electrification of its portfolio. It expects it to exit the diesel fracking market by the end of the fourth quarter of 2021. This would make it the first publicly pure electric completion service provider. This significantly reduces emissions and noise pollution.
US Well Services has now entered into a definitive agreement to sell a large portion of its diesel hydraulic fracturing equipment to a viable buyer for net proceeds of $ 21 million. The company expects to earn more than $ 100 million in cash from the asset disposals. This net proceeds will be used to reduce its outstanding debt and finance its general and corporate needs.
Considering these announcements have pushed USWS stock above $ 1 per share and beyond, this seems like a positive move for the company. Investors are always interested in companies that are. Switch to sustainable energy. With that in mind, is the USWS on your penny stock watch list for June?
3. Luokung Technology Corp. (NASDAQ: LKCO)
Luokung Technology Corp. is a technology penny based in China. It provides location-based services and mobile application products for long-distance travelers. Its Luokung application is a content and service distribution platform.
It gives people access to information, entertainment, travel, e-commerce, and more in marketing. The company also offers SDKs and software for developers.
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Recently, LKCO managed to avoid being delisted from the NASDAQ stock exchange after meeting the minimum bid requirement. Since this was announced, the value of LKCO shares has increased. This makes sense, because avoiding write-off is always a big plus for any business.
This was then followed by the filing of its annual report on Form 20-F for the year ended December 31.st, 2020. During the last day, LKCO stock has gone from $ 1.16 per share to $ 1.49 per share on average. With all of this information in mind, is LKCO stock on your watchlist this month?
4. Ebang International Holdings Inc. (NASDAQ: EBON)
Tech Penny stocks were very popular in 2021, and Ebang International Holdings is part of the industry’s growing popularity. Along with the tech market, companies involved in blockchain have also performed well due to the rise in popularity of crypto and blockchain technology.
This is where Ebang International Holdings comes in. EBON is a company that makes Bitcoin mining machines. It engages in the development, research and design of these products. In addition to this, Ebang provides mining machine hosting services to enable customers to operate mining machines remotely.
May 28e, the company issued a new statement on changes in the regulatory landscape in China and their impact on the business. Recently, the Chinese central government has stepped up the crackdown on bitcoin mining and trading.
The company was quick to say that the crackdown had no direct or immediate impact on the company. Since the company only operates mining farms overseas, the recent crackdown in China is not having a major effect on Ebang.
Over the past five days, stock company EBON has gone from around $ 2.50 per share to over $ 2.89 per share. When it comes to penny stocks, these types of gains can be significant. It appears that investors are very interested in EBON at the moment, although its trading volume is now below its recent average. With this information in mind, will you be adding EBON to your list of penny stocks to watch?
Which Robinhood Penny stocks are on your watchlist?
Making a list of the best penny stocks to buy can be a challenge. But, as of June 2021, investors have hundreds of options to choose from. These penny stocks range from technology to blockchain and many more.
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But since these industries are all so different, investors need to understand each other’s trajectory. It means doing your research and creating a watchlist based on the information you find. Given all of this, which Robinhood penny stocks are on your list of penny stocks to watch?