Are These Robinhood Penny Stocks On Your Holiday Watch List?
When it comes to finding penny stocks to buy, you usually just look for anything under $5 right? Well, if you use apps like Robinhood or Webull – two very popular platforms among younger traders – you’ve got a few more things to consider. One of these is whether or not the apps support access to certain penny stocks.
For the most part, NYSE and NASDAQ penny stocks on Robinhood & Webull can be traded without a problem. The tricky part is finding other penny stocks on Robinhood that trade on the OTC. Generally speaking, most OTC penny stocks aren’t accessible on either platform. However, Robinhood has begun expanded on a few internationally listed companies as we’ll discuss in the article.
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But, for you who like to trade marijuana penny stocks, it looks like you’re still restricted to the ones listed on the major US exchanges. Don’t get yourself down because there are still thousands of stocks to choose from. You can’t argue the fact that the recent surge in electric vehicle penny stocks. The vast majority of those names were listed on the NYSE and NASDAQ. While there are plenty of other choices for web brokers, it would seem, for now, Robinhood is one of the fastest-growing penny stock brokers. Here are a few names gaining ground and could be on the holiday watch list this month. Are they top penny stocks to buy on robinhood? I’ll leave that up to you.
Robinhood Penny Stocks
- Elys Game Technology Corp. (ELYS Stock Report)
- Opko Health Inc. (OPK Stock Report)
- Rolls Royce Holdings (RYCEY Stock Report)
- Senseonics Holdings Inc. (SENS Stock Report)
Robinhood Penny Stocks To Buy [or sell]: Elys Game Technology Corp
First is a company that we’ve been following over the last few weeks. Elys Game Technology Corp. is capitalizing on the growing demand for gaming and sports betting. If you look at the landscape right now. You’ve got everything from traditional casinos to streaming companies like Fubo Inc. (FUBO Stock Report) shifting a focus on virtual ways to gamble. Elys Game Technology Corp. looks at the B2B side of things and operates in multiple countries across the world. The company offers wagering solution services to online operators casinos and even retail betting outlets.
What’s got attention on ELYS stock right now? The company’s coming off of a strong quarterly earnings report this week. Shares just made new highs since the company went public. At $3.41, ELYS stock has climbed over 120% in the last 2 weeks.
How strong were the results? Elys reported revenue increasing by 44% to $9.7 million for Q3. What’s more, is that the company surpassed its goal of reaching 100k gaming accounts before the end of the year. Certainly, something to watch as the company pushes forward is how it will sustain this growth while also continuing to capitalize on the rampant growth in digital gaming.
Robinhood Penny Stocks To Buy [or sell]: Opko Health Inc.
Opko Health Inc. is another one of the long-timers on our lists of penny stocks. Year-to-date, OPK stock is up more than 200% and most recently has seen a surge of more than 35% over the last month. What’s helping drive this momentum? A lot of it has to do with the company’s involvement in the COVID-19 discussion.
In this scenario, however, I think it has less to do with testing and more to do with the potential of one of its drugs. Even one of the company’s larger shareholders, Sian Capital is pushing for it. Opko’s Rayaldee could have potential to treat COVID-19 after showing data supporting that. In a letter from Sian, the investor pointed out that this could be a “tremendous” revenue driver for Opko.
If this wasn’t enough, analysts have remained bullish on the penny stock. If you look at Piper Sandler’s most recent OPK stock forecast, you’ll see support of this stance. Piper currently has a Buy rating on OPK as well as a $10 price target. That puts their OPK stock forecast price roughly 104% higher than current levels.
Robinhood Penny Stocks To Buy [or sell]: Rolls Royce Holdings
This is one of the penny stocks on Robinhood I was referencing above. The company is foreign and is dually listed on the US OTC. Despite being an OTC penny stocks, RYCEY still can be traded by Robinhooders. Over the last 3 days, the share price has mounted a swift recovery and though it isn’t back to its prior November highs, it has bounced more than 60% so far. While some view this as a luxury car company brand, it is far from that. The company has a strong foundation in engineering and handles everything from aerospace engineering to big data. While this year has been a rough one for the company due to COVID-19, the last 3 days saw a boost in the market.
Some of the excitement stemmed from news that the company would be making a return back to its narrow-body jet business. The slower travel market has put the brakes on growth for countless industries; travel being one of them. “The industry’s going through a bit of a hiatus,” he said. “We want to be in a position that when someone launches a new product we’re credible, whatever that market may be. We don’t rule ourselves out of any part of the market today because evolution in the 2020s could be really quite exciting,” engineering and technology chief Simon Burr said in an interview.
While this recent bout of bullishness has raised some eyebrows, analysts appear to see potential in Rolls as well. While it doesn’t have a target Jefferies analysts put a Buy rating on the company. The biggest question now remains, what will the future hold for Rolls now that there’s an apparent vaccine in place?
Robinhood Penny Stocks To Buy [or sell]: Senseonics Holdings Inc.
Senseonics Holdings Inc. is involved with the medical device side of bio-technology. The company’s implantable glucose monitoring systems are used by those suffering from diabetes. While it’s coming off of a mixed quarter, the last week has been strong for SENS stock. The company missed on earnings per share, however it managed to bet on sales by a wide margin.
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“In the third quarter we continued to efficiently support Eversense users who understand the heightened importance of glycemic control amid this pandemic. At the start of the fourth quarter we initiated commercial activity with Ascensia. Following a successful training program, the Ascensia sales force is now calling on Eversense prescribers in pursuit of new commercial and Medicare patients,” said Tim Goodnow , PhD, President and Chief Executive Officer of Senseonics.
Heading into the beginning of 2021, there are a few things traders are following. One of these things is the initiation of commercial activities outside of the US with the help of Ascensia. The company also expecting a decision on approval of its Eversense product by the FDA in the first half of the year. As far as analysts are concerned, the SENS stock price forecast by some is high. Earlier this year, BTIG Research upgraded Senseonics to a Buy and gave a $1 price target. This is over 125% higher than its current trading levels this week.