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Top Penny Stocks to Buy? Why These Robinhood Small-Caps Are Popular

Robinhood penny stocks are booming as AMC brings more attention to small-caps

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4 Top Penny Stocks to Watch in 2021

Penny stocks have been on a tear so far in 2021. While the past two months or so of trading have been up and down, overall sentiment remains bullish. Considering that June is a new month, those investing in penny stocks are excited for a clean slate. And, with so many penny stocks on Robinhood showing potential, it seems like the summer could be an interesting time to find penny stocks to watch. 

Now, when it comes to Robinhood penny stocks, we have to consider that they tend to be more volatile than most. This is due to a lot of different factors including social media, and the general fluctuations of penny stocks overall.

[Read More] 4 Reopening Penny Stocks For Your 2021 Watchlist

And, we also can look at the rise of AMC Entertainment Holdings Inc. (NYSE: AMC), in the past few days. Now, consider that 2021 has also been a wild year with the pandemic in the background and fears of long term inflation all around. 

So, with all of this in mind, finding penny stocks in 2021 can be a challenge if you don’t know where to look. But, with the proper trading education and a commitment to research, making a solid penny stocks watchlist can be easy. With all of this in mind, let’s take a look at 4 top penny stocks to watch that are popular on Robinhood right now. 

  1. Ashford Hospitality Trust Inc. (NYSE: AHT
  2. U.S. Well Services Inc. (NASDAQ: USWS
  3. Luokung Technology Corp. (NASDAQ: LKCO
  4. Ebang International Holdings Inc. (NASDAQ: EBON

1. Ashford Hospitality Trust Inc. (NYSE: AHT)

The real estate market has taken a turn for the best in the last year. Houses, apartments, and other types of property are skyrocketing in value right before everyone’s eyes. This has given investors a lot of opportunities to find valuable REITs benefitting from this move. If you do not know what a REIT is, the term stands for a “Real Estate Investment Trust”.

Ashford in particular operates in the hospitality industry, 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 came out with its first quarter financials report in early May. It seems like the real estate comeback occurring right now is a major plus for AHT. In addition, its stance in the hospitality industry could benefit greatly from increased travel and decreased Covid cases. 

One month ago, AHT stock was at nearly half of its current price. While shares of AHT stock have been quite volatile since then, the majority of the sentiment remains positive. In the last 5 days AHT stock has gone from $3.05 a share to $4.05 a share on average. This near 33% increase is showing that Ashford could have a lot of potential as a reopening penny stock, with Covid cases hitting new lows. With this in mind, will you add AHT to your list of penny stocks to watch?

2. U.S. Well Services Inc. (NASDAQ: USWS)

Energy penny stocks like U.S. Well Services Inc. are performing well in the market at the moment. While U.S. Well Services is not a pure-play oil company, in that it doesn’t produce oil, it does have a major role in the energy market. U.S. Well Services is an oilfield service company that provides hydraulic fracturing services to oil and gas companies. Generally, its services are provided to exploration and production-based companies.

There are a few recent announcements that are driving USWS momentum. On May 18th, the company announced a partnership with Northeast Natural Energy for its Clean Fleet Trial. Joel Broussard, the CEO of U.S. Well Services said, “We believe our Clean Fleet® provides unrivaled benefits to our customers in the form of reduced completion costs due to fuel cost savings, lower greenhouse gas emissions, reduced noise pollution and enhanced safety.”

Then on May 24th the company announced its move towards the full electrification of its portfolio. It expects to have exited the diesel frac market by the end of the fourth quarter of 2021. This would make it the first publicly pure-play electric completions services provider. This significantly lowers emissions and sound pollution.

U.S. Well Services has now entered a definitive agreement to divest much of its diesel powered hydraulic fracturing equipment to a viable buyer for net proceeds of $21 million. The company expects to make more than $100 million in cash from asset divestments. These net proceeds will be used to reduce its outstanding debt and fund general and corporate needs. 

Considering these announcements caused USWS stock to move past $1 per share and even higher, it seems to be a positive move for the company. Investors are always interested in companies that are. Switching to sustainable energy. With this in mind, is USWS on your penny stock watchlist for June?

3. Luokung Technology Corp. (NASDAQ: LKCO)

Luokung Technology Corp. is a tech penny stock based out of China. It provides location-based services and mobile app products for long distance travelers. Its Luokung application is a content and service distribution platform.

This allows people to access information, entertainment, travel, e-commerce, and much more when it comes to marketing. The company offers SDKs and software as well for developers.

[Read More] 5 Penny Stocks on Reddit For Your June 2021 Watchlist

Recently LKCO managed to avoid becoming de-listed from the NASDAQ exchange after meeting the minimum bid requirement. Since this was announced, shares of LKCO have been moving up in value. This makes sense as avoiding de-listing is always a major positive for any company. 

This was then followed by the filing of its annual report on Form 20-F for the year ended December 31st, 2020. In the last day LKCO stock has gone from $1.16 a share to $1.49 a 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 have been very popular in 2021, and Ebang International Holdings is among the growing popularity of the industry. Along with the tech market, companies involved with blockchain have also been performing well due to the increase in popularity of both crypto and blockchain technology.

This is where Ebang International Holdings comes in. EBON is a company that manufactures 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 let customers operate mining machines remotely.

On May 28th, the company released a new statement about changes in the regulatory landscape in China and the impact of that on the company. Recently China’s central government intensified a crackdown on bitcoin mining and trading.

The company was quick to say that this crackdown has no direct or immediate impact on the corporation. Since the company only operates overseas mining farms, the recent crackdown in China does not have a major effect on Ebang.

In the last five days EBON stock company has gone from about $2.50 per share to more than $2.89 per share. When talking about penny stocks, these types of gains can be significant. It seems like investors have a lot of interest in EBON right now, although its trading volume is now lower than its recent average. Keeping this info 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, in June 2021, there are hundreds of options for investors to choose from. These penny stocks range from tech to blockchain and many more.

[Read More] Best Penny Stocks To Buy Now? 3 Reddit Stocks To Watch After AMC Pop

But because these industries are all so different, investors need to understand the trajectory of each one. This means doing research, and creating a watchlist based off of the information that you find. Considering all of this, which Robinhood penny stocks are on your list of penny stocks to watch?

By J Dylan

J. Dylan is a Miami-based financial writer with years in the industry. He enjoys surfing in his free time and spending time with his dog. Josh grew up in California and has been covering different financial sectors for the past five years. His specialty is in penny stocks, tech, cannabis, and biotech.

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