7 Robinhood Penny Stocks to Watch in July 2021
Robinhood penny stocks are some of the most popular choices for all types of investors right now. It’s worth noting that penny stocks are any security trading under $5, which means that the options are quite broad. And on Robinhood, this gives hundreds of different choices for prospective penny stocks investors to choose from.
To understand which penny stocks fit your investing style best, you first have to understand what type of investor you are. On one hand, we have short term or swing traders. These are traders that look to make short term profits with typically, high volatility stocks. This is the most common strategy with penny stocks as they tend to be highly speculative, and therefore, very volatile.
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On the other hand, we have long term traders. These are investors that aim to find penny stocks with long term value to buy and hold. This can be a good strategy, however it involves understanding what will make a company move in the long term. While there are more ways to invest in penny stocks, these tend to be the two most popular. With all of this in mind, let’s take a look at seven Robinhood penny stocks to watch in Mid-July.
5 Robinhood Penny Stocks to Watch
- Zomedica Corp. (NYSE: ZOM)
- Oxbridge Re Holdings Ltd. (NASDAQ: OXBR)
- Waitr Holdings Inc. (NASDAQ: WTRH)
- Kosmos Energy Ltd. (NYSE: KOS)
- Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
Zomedica Corp. (NYSE: ZOM)
Zomedica Corp. is a biotech penny stock that focuses on veterinary health. The company’s products are based on the unmet needs of clinical veterinarians and specifically, for companion animals. Zomedica is developing and commercializing TRUFORMA, which is a diagnostic biosensor platform to detect thyroid disorders in dogs and cats. On July 6th, Zomedica provided a corporate update.
“While the change to our sales structure and the delay of fT4 and ACTH certainly were unexpected, we believe that these issues are being addressed effectively within and outside Zomedica.
We have calibrated spending to coincide with a later adoption curve than anticipated, are working cooperatively and effectively with our partner, Qorvo, and are looking forward to delivering all of the promise of TRUFORMA later this year.”The CEO of Zomedica, Robert Cohen
ZOM stock has gone from about $0.35 per share to $0.71 per share on average as of July 8th. The company’s growth has also been boosted by Reddit and its high volume on Robinhood. Additionally, ZOM has earned the title of being a meme stock, which is a company that is frequently discussed on social media platforms. This has resulted in some of the spikes we’ve witnessed recently, but it also has contributed to its high overall volatility. With this in mind, will ZOM be on your list of penny stocks to watch?
Oxbridge Re Holdings Limited (NASDAQ: OXBR)
Oxbridge Re Holdings Limited is a penny stock that provides specialty property and casualty reinsurance solutions. The company underwrites reinsurance contracts primarily for property and casualty insurance businesses in the Gulf Coast region of the United States. Oxbridge distributes all of its products and solutions through reinsurance brokers.
The last update from Oxbridge comes from May 2021. This is when the company provided improved results for the three months ending March 31st, 2021. The company achieved a net income of $28,000 compared to a net loss of $364,000 the previous year. This report could be one of the main reasons that OXBR stock has seen higher momentum than usual in the past month or so.
“We fared well despite 2020 setting a record for being the most active hurricane season. In addition, our sidecar investors SPV investors are on track to receive a double digit return for the contract year ending May 31, 2021, following an attractive 36% return in the prior year. We remain positive about our long-term prospects and continue to evaluate new growth opportunities while further mitigating risk.”The CEO and President of OXBR, Jay Madhu
Up by as much as 10% in the market today, will you add OXBR to your list of penny stocks to watch?
Waitr Holdings Inc. (NASDAQ: WTRH)
Waitr Holdings Inc. is a high-performing tech penny stock. This company operates an online ordering platform in the U.S. for food delivery. Its Waitr and Bite Squad mobile apps provide delivery, carryout, and dine-in options. This allows for a connection between restaurants, drivers, and customers.
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As of December 31st, 2020, the company had 20,000 restaurants in 700 cities on its platforms. On June 3rd the company announced the launch of a corporate rebrand initiative.
“This decision to rebrand will better reflect our identity and business operations as we continue our expansion into new verticals outside of the food delivery segment and should improve and enhance our marketing and public relations synergies.
Our three core constituents provide us with a myriad of commercial opportunities. We are currently interviewing branding firms with the goal to identify and settle on a corporate name and brand that unifies our current service offerings and better reflects our long-term business strategy.”The CEO and Chairman of Waitr Holdings, Carl Grimstad
WTRH stock has had a rather turbulent year or trading with many ups and downs. But on July 8th, WTRH stock increased by around 1.8% in the market, possibly indicating bullish sentiment for the company. The company’s volume is close to its average on the same day. Considering all of this, will Waitr Holdings make your list of penny stocks to watch?
Kosmos Energy Ltd. (NYSE: KOS)
Kosmos Energy Ltd. is an oil and gas penny stock based in the United States. The company’s operations include deepwater independent oil and gas exploration and production. Its focus is on the Atlantic Margins, with its primary assets being in offshore Ghana, Equatorial Guinea, U.S. Gulf of Mexico, Mauritania, and Senegal. Kosmos additionally has a proven basin exploration program that has been a big value point for investors to consider. Only a few days ago, Kosmos released an energy operational update on July 5th, 2021.
“Kosmos had a solid second quarter, generating positive cash flow which reduced net debt by around $100 million, driven by higher sales volumes, strong operational performance in Ghana and improving realized oil prices.
We continue to see momentum build across our producing hubs with new wells drilled in Ghana and the U.S. Gulf of Mexico during the quarter and the arrival of the rig for development drilling in Equatorial Guinea.”The Chairman and CEO of Kosmos Energy, Andrew G. Inglis
In the past six months, shares of KOS stock have climbed by a solid 25%. This is a reflection of the high interest in the energy sector during that time frame. Considering its role in the oil and gas industry, is KOS stock worth keeping an eye on?
Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
Citius Pharmaceuticals Inc. is a biotech penny stock that focuses on critical care products. The company develops and commercializes a wide range of anti-infective, cancer care, prescription, and mesenchymal stem cell therapy products. It’s currently developing Mino-Lok which is an antibiotic lock solution for treating patients with catheter-related bloodstream infections.
On July 7th the company provided the first half of its 2021 business update and highlights. Its Phase 3 Mino-Lok trial is proceeding as planned following a recommendation by the independent Data Monitoring Committee.
“On July 1, 2021, we reported that the independent Data Monitoring Committee (DMC), following its third interim review, recommended continuing the Phase 3 trial for Mino-Lok® without modification.
This recommendation affirms that there is an important efficacy signal that merits moving forward with the trial, there are no safety concerns to warrant halting the trial, and that the full data set upon trial completion may support statistically significant superiority.
Whether Mino-Lok® demonstrates statistical superiority will only be known to us once the trial is finished and the data is unblinded.”The President and CEO of CTXR Myron Holubiak
Mino-Lok seems to be the most promising compound coming out of CTXR right now. And with this exciting update, it could make Citius Pharmaceuticals a penny stock to watch.
2 More Robinhood Penny Stocks to Watch
- Sphere 3D Corp. (NASDAQ: ANY)
- Evogene Ltd. (NASDAQ: EVGN)
Which Robinhood Penny Stocks Are You Watching Right Now?
Making a list of the best Robinhood penny stocks to buy in 2021 can be challenging. However, with so many resources available online, making a watchlist can be an easier task than previously imagined.
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Considering that there are hundreds of penny stocks to choose from, finding only a handful to buy will take research and a commitment to a trading education. But, with these steps locked down, buying penny stocks in 2021 can be a profitable way to trade.