Looking for the best penny stocks to buy on Robinhood? In 2021, there are plenty of options to choose from. But, before making a penny stocks watchlist, investors need to understand what is going on in the world right now. This is the best way to ensure that there are no unwanted surprises in your portfolio. The first and most obvious impact on the market in 2021 is the pandemic.
While Covid initially wreaked havoc on the market, case numbers are lower than they have been in several months. Because of this, many investors are bullish on the future. The second aspect to consider right now is the massive volatility of cryptocurrency. This is a strong indicator that investors are still highly interested in low-priced securities. And, this could have a correlative effect with the stock market and penny stocks in particular.
Because there are so many different things impacting the market right now, it can be tough to keep track. But, with Robinhood making trading accessible to everyone, buying and selling penny stocks is easier than ever. With this in mind, here are seven hot penny stocks on Robinhood to watch right now.7 Robinhood Penny Stocks to Watch in 2021
- Tellurian Inc. (NASDAQ: TELL)
- Kosmos Energy Ltd. (NYSE: KOS)
- Camber Energy Inc. (NYSE: CEI)
- Sos Ltd. ADR (NYSE: SOS)
- Ambev S.A. (NYSE: ABEV)
- Zomedica Corp. (NYSE: ZOM)
- Asensus Surgical Inc. (NYSE: ASXC)
Tellurian is an energy penny stock that engages in liquid natural gas (LNG) projects. It holds a strong portfolio of LNG production, LNG marketing, and infrastructure assets. Its infrastructure assets include an LNG terminal facility with an attached pipeline that is located in southwest Louisiana.
Recently TELL has been working on a new advancement via its subsidiary, Driftwood Pipeline LLC, to apply for permission to start on a 200-300 pipeline project. This application was filed with the Federal Energy Regulatory Commission (“FERC”).
The proposed pipeline will be able to increase supply availability as well as meet the increased demand for industrial, petrochemical, manufacturing, and Liquefied Natural Gas in the Lake Charles area. Not only will this provide better infrastructure for markets that are in need, but it will also be an opportunity for TELL to expand as a company. Considering this, will it be on your watchlist?Kosmos Energy Ltd. (NYSE: KOS)
Kosmos Energy is another energy penny stock and one that we have covered a few times in the past several months. This company specializes in full-cycle deepwater oil and gas exploration along the Atlantic Margins. Currently, energy derived from natural gas and oil is still a very highly valued product. And with Covid coming to an end, more people traveling means higher demand for fossil fuels. Much of KOS’s key assets include production in offshore Equatorial Guinea, the U.S. Gulf of Mexico, Senegal, Mauritania, and Ghana.
The recent appointment of Roy A. Franklin to the board of directors is an exciting opportunity for KOS to restructure its leadership. With over 45 years of experience in the energy industry the CEO of KOS, Andrew G. Inglis is optimistic about the change.
“We are delighted to have Roy join the Kosmos Board of Directors. He has an impressive record of achievement across the upstream sector. This is a time of challenge and opportunity in the upstream sector and I am confident Roy’s extensive and varied experience will prove invaluable at the Kosmos Board.”CEO of KOS, Andrew G. Inglis
With this big news in mind and KOSs role in the energy industry, it could be an interesting addition to your watchlist.Camber Energy Inc. (NYSEAMERICAN: CEI)
Keeping in theme with the other energy stocks mentioned above, Camber Energy is a popular penny stock that is on many investors’ radars right now. This company’s vision is to grow through the acquisition of assets or entities that have continuous revenue streams and upside potential.
Its Energy Division is oriented towards the pursuit of exploring more sustainable and profitable alternatives. This is a very good quality to have in an energy company, especially considering the moves toward renewables right now. In the past year or so, government focus and funding continue to be allocated towards more sustainable ways to use and produce energy.
Camber Energy owns multiple working oil and gas fields across Texas, Louisiana, and Mississippi. It does this through its majority-owned subsidiary company, Viking Energy Group Inc. These properties include over 145 oil and gas wells with multiple future development prospects that span hundreds of miles.
Through the use of 3D seismic data, reprocessing, and AVO analysis, CEI can render potential future well opportunities for later business ventures. The business’s management team includes experienced professionals from Petroleum Engineering, Geophysics, Geology, finance, and those with leasing backgrounds. Considering this, what do you think of CEI as a potential penny stock to watch?Sos Ltd. ADR (NYSE: SOS)
Despite cryptocurrency markets being extremely volatile right now, Sos Limited is still working to push onward. SOS recently announced that it has received over 6,000 mining rigs in the last month, which are now all fully operational. This includes 575 Etherreum rigs generating 400 GH/s, and 5,464 Bitcoin rigs that produce 177 PH/s. In total, this will generate over 1,400 GH/s for mining ETH mining and 527 PH/s for BTC mining.
The concerns surrounding crypto mining right now are that it is too energy intensive. So, it’s important to know that around 90% of SOS energy comes from renewable sources, making it one of only a few large-scale sustainable crypto miners on the market right now.
At its core, SOS is a cloud SaaS platform that provides online services for emergency rescue programs. The purpose of its online cloud technology is to offer marketing solutions for its clients. But, SOS’s business model has continued to evolve over the past few years, always sticking to trending opportunities. Given all this, what do you think of SOS stock? Is it worth adding to your watchlist right now?Ambev S.A. (NYSE: ABEV)
Another penny stock to be aware of this month is Ambev S.A. Ambev is a Brazilian company that specializes in the production of carbonated soft drinks, beer, and other non-carbonated, non-alcoholic beverages. Since 2005, operations have expanded tremendously for the company, which has given rise to a sharp increase in ABEV shares of over 20% YTD. During times of both hardship and prosperity, alcohol and beverage sales can be extremely resilient. This could be one of the main reasons that so many investors like Ambev S.A.
The parent company of ABEV, AB InBev, is a large part of ABEV’s financial backing. Owning 62% of the company, AB InBev’s has put in place larger-scale operations and practices that have been approved by senior managers. The other important thing to note is that when appropriate, ABEV appoints executives from the parent company. This keeps in-house growth constant and constantly improving. Considering all of this, will ABEV be on your list of penny stocks to watch?Zomedica Corp. (NYSE: ZOM)
Zomedica Corp. is another penny stock that we’ve been discussing for quite some time. Over the past year, shares of ZOM have increased by over 145%. With a recent announcement that it holds around $62 million in cash, ZOM is predicted to have more than adequate funding for the foreseeable future.
As a veterinary health products company, Zomedica has benefited tremendously from the rise in the adoption of companion animals during the pandemic. Initially, the pandemic meant veterinary offices were closed. But, now that case numbers are at extremely low levels, many vets report seeing as many patients as before Covid.
Because of this, ZOM could see a correlative rise in its revenue as the demand for veterinary services continues to increase. Zomedica’s main product is known as Truforma, which is a diagnostic software that allows for more accurate data and diagnostic profiling. Its purpose is specifically targeted towards adrenal and thyroid disorders, which are common in many companion animals.
The company sees a stark need for updating the technology that veterinary clinicians use daily. And, its Truforma platform not only makes diagnostics cheaper but more accurate as well. Because of this breakthrough technology, many investors are keeping a close eye on ZOM stock.Asensus Surgical Inc. (NYSE: ASXC)
Asensus Surgical Inc. is a medical device company based in the United States, Europe, and Asia. This biotech penny stock researches, develops and sells medical device robotics to enhance minimally invasive surgery. Asensus technology digitizes the interface between the surgeon and patient to make a new era of performance-guided surgery by unlocking clinical intelligence for surgeons. This allows surgeons to consistently enable superior outcomes and set a new standard of surgery.
This company has caught attention recently with an announcement made on June 8th. Asensus Surgical announced that it will be added to both the Russell 2000 and Russell Microcap indexes at the end of the 2021 Russell indexes annual reconstitution. This will go into effect after the US market opens on June 28th.
“We’re thrilled to be a part of the Russell 2000 Index and believe that our inclusion will increase our visibility and exposure to investors. This milestone is a testament to our hard work to create value for our stockholders through our strategy and bring the Senhance System’s transformative technology to surgeons, hospitals, and patients globally.”President and CEO Anthony Fernando
With this coming up very soon, and the company’s recent uptick, will ASXC make your list of penny stocks to watch this month?Which Robinhood Penny Stocks Are You Watching Right Now?
Finding the best penny stocks on Robinhood is all about knowing where to look. While it can be challenging due to the sheer amount of small-caps that are publicly listed, being a profitable trader in 2021 is completely possible.
Considering the extraordinary times we are living in, we could continue to see a great deal of momentum in the stock market moving forward. With that in mind, which Robinhood penny stocks are you watching right now?