3 Robinhood Penny Stocks For Your September Watchlist
With September only a few days away, penny stocks investors are looking for the best small-caps to buy. And when it comes to finding penny stocks on Robinhood, there are a few things that traders need to keep in mind. First and foremost is that all penny stocks, regardless of whether they are on Robinhood or not, are quite volatile. This means that prices will likely fluctuate greatly during a given trading day.
While there are penny stocks to watch that may fluctuate less than others, stocks under $5 tend to be more volatile than their blue-chip counterparts. But, traders with a proper strategy and some experience, often enjoy volatility as it allows for heightened gaining potential. On the other hand, those with less experience may want to spend some time getting a trading education as it can help to avoid unnecessary losses.
In addition to all of this, investors should understand that Covid continues to have a strong effect on the stock market. This effect is felt broadly through many different industries and companies in specific. To avoid adverse results in your portfolio, traders can stay on top of the news and understand where the trajectory of the pandemic may be headed. Considering all of this, let’s take a look at three penny stocks on Robinhood to watch in September 2021.
3 Robinhood Penny Stocks to Watch in September 2021
- Camber Energy Inc. (NYSE: CEI)
- Senseonics Holdings Inc. (NYSE: SENS)
- Meta Materials Inc. (NASDAQ: MMAT)
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is a penny stock that has made some sizable gains in the past few weeks. On August 30th, those gains continued after CEI pushed up by over 11% during intraday trading. For those unfamiliar, this company acquires and develops land to produce energy-related products. Primarily, Camber sells crude oil, natural gas, and natural gas liquids. The company’s properties are located in the Cline shale and upper Wolfberry shale in Glasscock County, Texas.
On August 24th, Camber announced that it has secured an exclusive IP license for a patented carbon-capture system. The “ESG Clean Energy System” has an exclusive license for all of Canada, and is non-exclusive for up to 25 locations in the United States. This system is designed to make clean electricity from internal combustion engines, while 100% of the CO2 from the engine will not cause a loss in efficiency. While Camber is by no means a full ESG penny stock, it is working to offset its environmental impact.
“In my view, this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices.”President and CEO of Camber Energy, James Doris
Since this announcement was made, CEI stock has gone from $0.39 per share on average to $0.53 per share as of August 30th. With this in mind, will CEI make your list of penny stocks to watch?
Senseonics Holdings Inc. (NYSE: SENS)
Sensonics Holdings Inc. is a biotech company that develops and commercializes continuous glucose monitoring systems for those with diabetes. Its products include Eversense and Eversense XL; which are both implantable continuous glucose monitoring systems.
These systems work via an under the skin sensor in tandem with a removable rechargeable smart transmitter. With millions living with diabetes around the world, the opportunity for Senseonics to grow is quite large. And, given the outdated methods for glucose monitoring that exists right now, Senseonics’ products could be a game-changer.
On August 9th, Senseonics reported its second-quarter financial results for 2021. The company generated revenue of $3.3 million during this quarter. The company also raised $50 million in gross proceeds through the completion of an at-the-market equity offering program. These proceeds will mostly be used for debt service. Currently, the FDA has an active review for the Eversense 180-day PMA supplement application.
“As announced when we submitted this data to the FDA, we are pleased with the strength of the data from the PROMISE Study which we believe represents a top tier CGM safety and accuracy profile. Along with our commercial partner Ascensia Diabetes Care we are excited about the opportunity to offer more patients the longest-lasting CGM systems.”The President and CEO of SENS, Tim Goodnow, Ph.D.
When these results were released, SENS stock was at $3.29 per share on average. On August 30th, SENS stock hit over $3.80 per share bringing its one-month gain to over 20% with a YTD rise of over 300%. Keeping this in mind, is SENS a contender for your penny stocks watchlist?
Meta Materials Inc. (NASDAQ: MMAT)
Meta Materials Inc. is a tech penny stock that has risen substantially in the past few weeks. Today, shares of MMAT stock pushed up by over 7%, bringing its five-day gain to over 30%. It’s worth noting that in the past twelve months, shares of MMAT stock have skyrocketed by over 610% to its current price of around $4.40 per share.
If you’re unfamiliar with the company, it creates functional materials and nanocomposites. Meta Materials designs, invents, deploys, and manufactures these products, making it a vertically integrated business. One of its products is metaAIR, which is for laser glare protection eyewear. It also offers NANOWEB, which is a transparent conductive film.
On August 12th, Meta Materials announced its second-quarter results for 2021. The company’s total revenue grew 197% to $624,320 year over year. For the first half of 2021, its total revenue went up by 88%. When these results came out, MMAT stock was at $3.36 per share on average.
In morning trading on August 30th, MMAT stock hit over $5.40 per share, making it briefly no longer a penny stock. However, shares quickly corrected which is not out of the ordinary. Considering its sizable potential and continued momentum, will MMAT stock be on your list of penny stocks to watch?
Are Robinhood Penny Stocks On Your Watchlist Right Now?
Robinhood is one of the most popular places for investors to buy penny stocks. With so many to choose from, it can seem like a daunting task to pick only a handful for your watchlist.
However, with the right research by your side and a proper trading strategy, making money with penny stocks can be easier than previously imagined. Considering this, are Robinhood penny stocks on your watchlist right now?