3 Robinhood Penny Stocks for Your June Watchlist 

Finding penny stocks on Robinhood has become a favored pastime for all types of investors. From seasoned vets to free retail traders, everyone loves to stumble upon a penny stock with great value. But the question remains, where do you find the best penny stocks to watch? A solid place to start is by making a penny stocks watchlist. 

This can be done by sorting through industries and corresponding stocks, as well as understanding how current market trends could lead to gains or losses with certain stocks. Right now, we have to consider the pandemic, reopening, inflation, and the effects of social media on penny stocks. This includes Reddit, and while it isn’t necessarily a social media site, Robinhood. 

[Read More] 4 Top Biotech Penny Stocks To Watch In The Second Half Of June 2021

Robinhood has become extremely popular for all types of investors due to its ease of use and zero fees business model. Many traders tend to congregate on either Reddit or Twitter, discussing which penny stocks are the best buys right now, and which may not be worth it. Then, these traders take to Robinhood or wherever they buy and sell penny stocks, to do just that. 

One thing to consider is that with any stocks under $5, the risk will likely be high. This is something that comes with the territory. But, high risk can mean high rewards if you know how to use it properly. It’s worth noting that high volatility can also lead to large and swift losses. Considering all of this, let’s take a look at three cheap penny stocks to watch on Robinhood right now. 

3 Cheap Robinhood Penny Stocks to Watch 

  1. Torchlight Energy Resources Inc. (NASDAQ: TRCH
  2. Senseonics Holdings Inc. (NYSE: SENS
  3. SOS Ltd. (NYSE: SOS

Torchlight Energy Resources Inc. (NASDAQ: TRCH)

Torchlight Energy Resources Inc. is an oil and gas penny stock that we’ve been talking about for quite some time. If you aren’t familiar with Torchlight, let’s get you up to speed. This company acquires, explores, and develops oil and natural gas properties. All of its properties are located in the United States. As of the end of 2020, the company held an interest in three oil and gas projects. These projects include the Orogrande project in Texas, the Hazel project in Texas, and the Hunton wells in central Oklahoma.

TRCH stock is frequently mentioned by retail traders on websites like Reddit and Twitter. The company has achieved what some might call “meme stock” status. For some context, a meme stock is a highly talked about stock on social media. These companies tend to trend and include the likes of GameStop Corp. (NYSE: GME), AMC Entertainment Holdings Inc. (NYSE: AMC), and more. Meme stocks can rise dramatically in value, and this could be an explanation for TRCH stocks over 17% rise today. 

The company also received the third most mentions in the Stocktwits chatroom in the last 24 hours, which is a large community for investors and traders. This means that TRCH stock is a rather volatile penny stock, but this is something that often comes with the territory. Over the last six months, shares of TRCH stock have climbed by a massive 539%. So with all of this info in mind, will Torchlight Energy Resources make your list of penny stocks to watch in June 2021?

Penny_Stocks_to_Watch_Torchlight_Energy_Resources_Inc_TRCH_Stock

Senseonics Holdings Inc. (NYSE: SENS)

Senseonics Holdings Inc. is another penny stock that is frequently discussed on a variety of social media platforms. This is due to its large advancements and consistent updates that can result in sizable speculative gains in both directions.

Senseonics is a biotech penny stock that creates and commercializes continuous glucose monitoring (CGM) systems. CGM systems are used to monitor glucose levels in those suffering from diabetes. Current technology is rather outdated, which means that there is a major opportunity for SENS to capitalize on this area of the biotech industry.

Its products, such as the Eversense and Eversense XL are currently offered in the United States, Europe, the Middle East, and Africa. Eversense is an implantable CGM system that measures glucose levels via an under-skin sensor and a removable and rechargeable smart transmitter.

[Read More] 4 Penny Stocks to Watch That Are Pushing Up in June 2021

Its app provides those with diabetes real-time monitoring and management for 90 to 180 days. These products are sold through healthcare providers to patients through a network of distributors. Additionally, users can monitor their glucose levels on smartphones, which adds ease of use and convenience for those with diabetes. 

SENS stock is another penny stock frequently mentioned on social media. According to data from HypeEquity, people mentioned Senseonics 600% more on June 14th. These mentions have created a large bullish sentiment around the penny stock. Some users have insinuated their belief that SENS could reach $6 per share, and while this is purely speculation, the hype around SENS stock remains. While the other result of this is large and unexpected price moves, Senseonics does have a lot of solid underlying prospects. But, investors should be careful considering just how quickly its price can change.

Penny_Stocks_to_Watch_Senseonics_Holdings_Inc_SENS_Stock_Chart

SOS Limited (NYSE: SOS)

SOS Limited is a penny stock focused on data mining and analysis services. Its various offerings are provided to both individual people and corporations which makes its market quite broad. SOS provides marketing data, technology, and solutions for a large list of companies including emergency rescue services, insurance companies, health care companies, and many more.

Its SOS cloud emergency rescue service software offers cloud products like medical rescue, financial rescue, and much more. While this was its primary business only a year or so ago, the company has changed its operations several times since its inception. Now, SOS works as a blockchain penny stock, mining cryptocurrency and creating new blockchain tech. 

There is no company specific news that is driving SOS stock up on June 14th. But this is another penny stock seeing a lot of momentum because of social media. SOS is discussed on several large Reddit communities, totaling thousands of active users daily. This has to do greatly with its ties to crypto and the widespread hype surrounding anything related to the cryptocurrency market. As of May 18th, the company stated that it owns more than 6,039 mining rigs.

“With the completion of Phase I of the Leibodong mine and continued expansion of our mining fleet, we are pleased with the progress on our digital currency business plan, based on blockchain technology. The launch of our mining business has provided valuable experience to our team, and is expected to be an important driver of growth in 2021 and beyond.”

The CEO of SOS, Mr. Yandai Wang

Now we will see if this entrance to the crypto market will allow SOS stock to reach new heights. For now, will SOS make your list of penny stocks to watch?

Penny_Stocks_to_Watch_SOS_Limited_(SOS_Stock_Chart)

Which Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy in 2021 is all about understanding the ebb and flow of the market. While there are hundreds of options out there, only a handful show true value regularly. It’s important to consider that on the entire list of penny stocks, we see massive intraday volatility. This is characteristic of most penny stocks under $5 and is something that is expected. 

[Read More] 4 Crypto Penny Stocks to Watch With Bitcoin Below $40k

So to stay ahead of the game, investors need to research and find information on any penny stock they plan to invest in. Considering this, which penny stocks are you watching right now?


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