35 Best Penny Stocks on Robinhood Under $1 to Buy in 2022

Are you looking for the penny stocks on Robinhood under $1? Robinhood is one of the leading online brokers for trading stocks, cryptocurrency, ETFs, and options. But did you ever know that you can even trade penny stocks through it? 

Read on to find out which penny stocks we think are the best to buy on Robinhood in September 2022.

What are penny stocks?

Defining penny stock is a low-priced share of a company traded on the stock market. Most of the time, these companies have a small or micro capitalization, but that isn't always true. 

Penny stocks used to share that traded for a cent or less. But now they are any stock that sells for less than $5.

Most of the time, these shares are trading on over-the-counter (OTC) markets instead of the New York Stock Exchange (NYSE). 

Penny stocks are considered a high-risk investment. This is because they have a low price, and few people want to buy or sell them.

But if the company they are tied to does well, they can also give investors the chance to make a lot of money. If you want to buy penny stocks, you need to do your research and know what the risks are.

35 best penny stocks on Robinhood under $1 to watch

1. Superior drilling products 

In Q2 of 2021, Superior's financial reports are due. Revenue is up by more than 67% from last year, and net income is still negative but improving.

Superior drilling makes tools for drilling used in the oil and gas business. It also makes these tools and fixes them.

Its stock was in a bear overall until the last few days. But because of a recent rise, it's now just over $1. Still, this could be a good stock since gas prices are rising.

Also, there is more demand for natural gas. That means there will be more drillers bringing up gas. They need those drills and tools to extract the gas. And the need for drills will grow as the need for gas does.

2. Check-Cap, Inc.

The price of Check-Cap has always been going down. The bear is slowing down, though. It might turn into a bull soon. Click on that link to learn more about bull and bear movements if you don't know what they are.

Check-Cap has developed a new way to determine if someone has colorectal cancer. With this technology, polyps are accessible before they turn into cancer. And it does this without getting in the way. 

You swallow a piece of x-ray technology that looks like a pill. It has low-dose x-ray technology and can safely talk to imaging software outside the body.

3. Oragenics Inc

The price of Oragenics has been low for a long time. Since it became part of the market, it has been going down. It doesn't look like it will start back up yet. But it does look like it is simply slowing down. And doing that is the first step to becoming a bull again.

It might be a great idea to keep an eye on this stock to see what will happen in the future. It could be one of the best Robinhood stocks you can buy for less than $1. The price might not stay low for long.

4. United States Antimony

Amy's financials for the third quarter look great. The revenue for the June quarter of 2021 is up 44% from the same time last year. The increase in net income is 223 percent. And the net profit margin is 186% higher than last year.

In 2012, UAMY had a nice, big, healthy bull. Then it went back down and went back up a few times more. Then, in February 2021, it reached a small peak and went back down. 

It's neither at a low nor a high right now. And it seems like it's going to happen again.

5. Cyren Ltd

Cyren has also been very close to the ground for a long time. Since 2001, it has mostly stayed between $1 and $3. And its price has been going down recently, making it one of the best Robinhood stocks under $1 to buy.

You should now be fully able to tell what Cyren does. It began back in 1991. Hence, it is an internet security technology that works in the cloud. Thus, it is made for businesses and can find threats and protect emails.

As more and more businesses look for ways to improve security, this stock could become something special.

6. Avinger

Avinger is ready for business. It also made the first and only system that uses a catheter to find Peripheral Artery Disease.

In 2015, shares of Avinger were worth about $9,084. It's worth about $0.80 right now. The stock may have dropped so quickly because it used to be priced so high. 

After it went public, it got a lot bigger. Then, after getting back on track, it kept going down as big investors got out.

This low price is a better chance to buy something. Even though, as we've already said, these Robinhood stocks under $1 come with many risks. Investors could make huge money if this company gets back on its feet.

7. Inuvo Inc

Artificial intelligence is what Inuvo does as a business. It sends out product and brand messages gearing up toward the consumer. Technology works like the brain by combining ideas, images, and other things.

In 1997, this stock went up a lot, from $0.63 to almost $45. Then, in 2003, it went from $2.70 to $60. By February 2020, though, it had dropped to $0.33. Most of the time, the stock price is low. However, once in a while, it goes up a lot.

8. Borr Drilling

Borr's customers can use its oil and gas drilling services. It goes as deep as 400 feet, and its goal is to be the most successful offshore drilling company.

This stock has gone down since 2018. However, the bear seems to be coming back. 2020 saw an all-time low of less than $0.40, but as I write this, it is back up to around $0.80.

Borr Drilling could be a good investment because natural gas prices and demand are increasing. Here are more of the best penny stocks to buy in the oil industry.

9. Kelso Technologies

In 2014, Kelso hit a high of more than $6. Since then, it has gone up a few times, but this Robinhood stock under $1 hasn't changed much.

Kelso makes parts for tank trailers, railroad equipment, and truck suspensions. By the way, I looked at how regular trucks' suspensions work. Wow. With this technology, the car can crawl around obstacles if needed. 

You can also put air in or take a stand out of the tires from the driver's seat. This technology is incredible.

10. ErosSTX Global Corporation (NYSE: ESGC)

As streaming entertainment has grown, people are less interested in traditional cable and more interested in other platforms. Netflix has become one of the standouts, of course. But this makes more competition possible. 

ErosSTX is a company that sells movies worldwide and has close ties to both Hollywood and Bollywood. The company distributes its films and films it has bought from other people. 

It has worked with Miramax, Black Label Media, and Imperative/30West, among others, as producing partners.

11. Progenity Inc. (NASDAQ: PROG)

When a company sells stock on the market to raise money, the price of the stock may go down. Most of the time, that's because when the news of the raise gets out, the cost of the raise goes down compared to market prices. 

In this case, Progenity ran into the same problem at the end of last month. The biotech company sold 40 million shares at $1 each, even though the PROG stock was trading for more than $1.50. 

The financing just ended, and the company has new cash to run its business.

12. Meten EdtechX Group Ltd. (NASDAQ:MTEX)

Stocks in education technology, especially in China, have recently surprised the small-cap market. Some stocks dropped a lot earlier in the year because people were worried that China companies might be taking off the stock market. 

But that doesn't seem to matter at the moment. As the third quarter's last month approaches, some Chinese education stocks are starting to go up.

One of these penny stocks is Meten Edtech. The company helps people in China learn English by using technology. Meten serves both adults and children through its digital platform and learning network. 

This week, the company talked about its newest plan, which might be interesting for a different reason.

13. Molecular Data Inc. (NASDAQ: MKD)

Molecular Data is another of Robinhood's penny stocks under $1 that is making a lot of progress. As September starts, the company's shares have risen from their 52-week lows of $0.37 to their 52-week highs of nearly $0.48. 

This might not be worth more than 11 cents. But that's almost 30% more than before. This shows how cheap stocks can have a lot of promise. 

In any case, Molecular Data has gotten a little better because people are paying attention to Chinese tech stocks. Logistics is what the company does best. 

In particular, it provides a way to connect people in the chemical industry supply chain. The company has both solutions for eCommerce and solutions for warehousing. 

Also, like Meten, Molecular Data has been working to grow in the blockchain technology world.

14. Marathon Oil Corporation (NYSE: MRO)

Marathon Oil Corporation, or just Marathon Oil, is an American company that explores and produces oil and natural gas. Its headquarters are in the Marathon Oil Tower in Houston, Texas. 

There were a lot of oil and gas stocks whose prices went up and down quickly. Not on this list, though, was Marathon Oil Corporation (NYSE: MRO).

15. MFA Financial Inc. (NYSE: MFA)

MFA Financial, Inc (MFA) is a real estate investment trust that primarily invests in residential mortgage assets. Residential mortgage-backed securities and whole residential loans using borrowed money are part of it. 

MFA Financial Inc. (NYSE: MFA) is one of the best penny stocks under $1 that you can buy on Robinhood.

16. Acasti Pharma

Acasti Pharma is another biotech penny stock that costs less than $1. The company works on developing biotech treatments. 

At the beginning of November, shares fell to a 52-week low of $0.171. Since then, ACST stock has risen to a high of $0.4177.

17. Aurora Cannabis Inc. (NYSE: ACB)

ACB is one of Robinhood's cheapest and most popular penny stocks. This penny stock might not be the best one to buy. 

Where there is interest, there is usually forward movement. The stock price of Aurora Cannabis Inc. (NYSE: ACB) has been up and down.

18. Nokia Corporation (NYSE: NOK) 

Nokia Corporation (NOK) is a Finnish multinational company that simply makes phones, computers, and other consumer electronics. Also, this is one of Robinhood's cheapest stocks. 

After the sell-off in March, Nokia Corporation (NYSE: NOK) was one of the stocks that came back the best. But quickly, things went wrong at the end of August. The penny stock went from worth more than $5 to less than $3.50.

19. Aphria Inc. (NASDAQ: APHA)

Aphria Inc. is an international company that makes and sells both medical and recreational cannabis. It is in Leamington, Ontario. 

The company set the price at $1. Aphria Inc. (NASDAQ: APHA) is another stock name to know. It's also one popular penny stocks on Robinhood.

The company does business in Canada and worldwide through retail and wholesale channels. Aphria is one of the most significant cannabis companies in the world, and they are trading it on both the Toronto Stock Exchange and the NASDAQ.

20. Hexo Corp

Hexo Corp is one of the penny stocks under $1 you can buy on Robinhood. Concerning penny stocks in the marijuana industry, sector catalysts can be like a rising tide that lifts all boats. 

In this case, news about the government came out late on Friday. Analysts don't think that HEXO stock is the best name out there.

21. Broadway Financial, Inc. (NASDAQ: BYFC)

Broadway Financial Corporation, a bank holding company in California, has a stock symbol of BYFC. BYFC is the ninth cheapest stock on our list of the ten cheapest stocks on Robinhood. 

Company shares have given investors a 74% return in the past year. The company's market value is more than $114 million, making $13 million in sales last year.

22. Verb Technology Company, Inc. (NASDAQ: VERB)

Verb Technology Company, Inc. (NASDAQ: VERB) stock investors have made more than 128% of their money in the past year. It is on our list of the 12 stocks on Robinhood that cost the least. 

The company's main office is in Utah and sells software solutions. WallStreetBets, a popular Reddit forum, is full of small investors who like to talk about stocks. One of their favorites is the company.

23. Revive Therapeutics (OTC: RVVTF)

Revive Therapeutics is a drug company that focuses on researching and making treatments for rare diseases and infections. Drs. William Fisk and John Bellardo started the company in 2004.

Their pipeline includes a gene therapy for Rett syndrome, an anti-parasitic drug for toxoplasmosis, another anti-parasitic treatment for Chagas disease, and a possible new class of drugs that stop certain types of bacteria from making proteins. 

Their most promising drug candidate, REV-004, is in Phase II clinical trials for phenylketonuria (PKU), a rare metabolic disease affecting between 1 and 2 million people worldwide.

24. Zomedica Corp (NYSEAMERICAN: ZOM)

Zomedica Corp (NYSEAMERICAN: ZOM) is a healthcare technology company that offers a complete and affordable home care solution. They help people live more comfortably and lessen the chance that they will fall and hurt themselves.

Zomedica uses its patented technology to give customers personalized care and support. Customers can get the care they need without leaving their homes or offices. 

Zomedica also tracks every interaction with their customer service agents through voice-enabled calls on their website. All in all, this is simply to ensure that patients get the best care possible.

25. Zosano Pharma Corporation (NASDAQ: ZSAN)

In 2021, many investors were paying attention to Pharma and TaaS stocks.

Zosano Pharma Corporation is a biopharmaceutical company that is in the clinical stage. The company's primary goal is to give medicines to the whole body. 

Zosano's leading technology, the Zosano System, is an innovative way to deliver drugs that stops bleeding in the hospital, during surgery, and at home.

Science and technology have made it possible for us to live longer and healthier lives, but this new age still has a lot of unknowns. It's hard to tell what will happen next or how it might affect your health. Zosano Pharma wants to make this better.

26. Antibe Therapeutics (OTCMKTS: ATBPF)

Antibe Therapeutics is a company that makes medicines (OTCMKTS: ATBPF)

Dr. Wetzel, a chemistry professor at the University of Alberta, started Antibe Therapeutics in 2012. The company is in Toronto, Canada, and has since raised CAD 52 million in private equity funding.

Antibe makes painkillers that work by using their technology for gaseous mediators. The active ingredient in Antibe's oral version of the drug gets to where it's needed by spreading through tissues. 

27. Diffusion Pharmaceuticals (NASDAQ: DFFN)

The Transdermal Patch is a drug delivery system that Diffusion Pharmaceuticals, Inc. makes and sells (TDP). 

The company's TDP patches are available to give patients treated for moderate to severe pain a therapeutic dose of hydrocodone and long-term pain relief. 

Diffusion Pharmaceuticals, Inc. is becoming a specialty pharmaceutical company focusing on atypical drugs to treat pain and other long-term diseases.

28. Quisitive Technology Solutions (OTCMKTS: QUISF)

Quisitive is different from other IT companies because its services are accessible to your needs.

Their team comprises strategists, designers, developers, and researchers who have worked on large-scale projects before. They also have a management team of experts who meet regularly to discuss the best ways to do things in every industry.

Their clients range from small businesses to the Fortune 500, and we work with them in all these fields. Our consultants love new ideas and develop custom solutions that will help your business do better.

29. Histogen Inc. (NASDAQ: HSTO)

It is a therapeutics company in the clinical stage stuck in a narrow range for the past few months. 

Thus, it focuses on making medicines from the products of fibroblast cells grown in a way that mimics the conditions of an embryo, and they use this to treat a wide range of medical conditions.

Its price usually ranges from almost $0.70 to $1. Because it changes a lot, traders love to buy and keep a close eye on it. They also think their treatment might help COVID-19 patients, given how much attention is in favor of virus treatments.

It t is thought that HSTO stocks might grow. So, keep an eye on them and buy them if you think you could make money from them in the future.

30. Trivago N.V. (NASDAQ: TRVG)

They are one of the best stocks you can buy for less than $1. They store more than 5 million hotel information and give 32-language access to local websites and apps. 

It is a company based in Germany that lets people search for hotels, compare them, and book them.

Thus, it works differently than its competitors because Trivago gets all of its information from third-party sites and gives you reviews, ratings, pictures, prices, locations, and everything else you need to know about a hotel. 

Their stock price is between $0.80 and $1, which is a good and safe investment.

31. Biolase (NASDAQ: BIOL)

One of the excellent ways to figure out how much a penny stock is worth is to look at how big its market could be. 

Biolase is a company that makes medical devices and is a world leader in producing and selling dental laser systems. This trading sector was a little low because of the pandemic, but it has again gained a lot of hype.

Biolase is again raising the price of its stocks, and investors seem to agree that trading in it could make you a lot of money. You would be amazed to know that its stock price has risen by 30% in the last couple of months. 

It has more than 270 patents and 40 other technologies getting patents. Hence, it has sold more than 41,200 laser systems in more than 90 countries.

32. Bonus Biogroup (OTC: BBIFX)

It is an organization for biotechnology that was set up in 1981 and is in Haifa, Israel. It used to be called Oceana Advanced Industries Ltd., but later they changed it. 

People think BBIFX is an excellent company because they have developed ways to use technology to make bone grafts that can grow new tissue.

They also take samples of bone tissue. With these samples, they can make a bone the same as the one they took it. They can help with many bone problems, such as broken bones, arthritis, jaw bone cysts, etc. 

This company has excellent service and a good name, so it has to be on the best penny stocks list.

33. Sonnet Biotherapeutics Holdings Inc. (NASDAQ: SONN)

This company (SONN) is one of the best places to invest because it makes new targeted biological drugs. They have been all over the stock market for a few months because there have been rumors of fundraising for millions of dollars. 

As of right now, the price is less than $1. So, now is a great time to invest in it. As the price increases, you can decide whether to sell or keep them based on the market.

It can be an outstanding stock because they are experts in immunomodulatory therapies and are about to start Phase 2 development. Four other treatments are also going through preclinical testing close.

All of this research on SONN shows that investors have a good chance of making good money if things go in the right direction.

34. Sesen Bio, Inc. (NASDAQ: SESN)

It is a biotechnology company based in Cambridge during the year 2008. Its goal is to save and bring some improvement in the lives of patients. 

They want to make targeted protein fusion therapies for people with cancer. Their market capitalization is $295 million, and they made $11 million in sales in 2020.

They mostly make Vicinium which is a targeted fusion protein. It is given locally and is in Phase III clinical trials to treat non-muscle-invasive bladder cancer that doesn't respond to BCG (NMIBC). 

They also make VB6-845d, which is best for treating many types of solid tumors that are positive for anti-epithelial cell adhesion molecules (EpCAM). Based on the response and the balance sheet, it is a great company to invest in fully.

35. Inuvo (NYSEAMERICAN: INUV) (NYSEAMERICAN: INUV)

This company is safe, and its balance sheet shows promising results that make it even more reliable. Inuvo explains how artificial intelligence can be available to make business decisions. 

It has been trading for less than $1 per share and usually fluctuates around $0.60 to $1.

They provide a platform for its users to recognize and message online audiences for any product or service across various devices, formats, and channels. 

They also help eCommerce businesses with targeted media and display advertising, which gives them a better chance of overgrowing.

Its price used to be $2, but now it's around $0.70. Thus, buying this share comes with both risks and gains. It depends on how you trade and think the economy will grow. The riskier you are, the more money you can make.

How to search for the best penny stocks on Robinhood?

If you want to trade penny stocks, there are a few key things you should look through.

1. Financials

Before you buy penny stocks from a company, you should look closely at their financials. You'll want to ensure the company has sound finances and isn't likely to go out of business.

2. Management

The company's management team is another essential thing to think about. Check to see if the team has done good work in the past.

3. Products

Find out what the company sells or does. You want to ensure that people buy the products and that the company has a good name (no solutions looking for problems).

4. Competitors

Take a close look at the company's rivals. Competitors will probably give you an excellent idea of the market and how likely the company's penny stocks will be.

5. History

Find out about the company's past. Well, this tells you a lot about how the company has done in the past and its plans.

6. Stock Activity

Look at how the market feels about a stock and how it has done in the past before you buy it. For example, you might wait if you find low-volume stocks that no one wants to trade.

These aren't the only things you should think about, but they're a good start.

Benefits and risks of trading penny stocks on Robinhood

Penny stocks come with a higher risk and the chance of higher-than-average returns, so it's essential to be cautious when investing in them.

Penny stocks are risky, so few full-service brokerages offer them to their clients. Many of them are shares in companies that are about to go bankrupt, are small or new with few or no customers, or have a lot of debt.

Few benefits and risks of trading penny stocks are:

Benefits

1.Who will win big tomorrow

There are a lot of great companies that trade for pennies. They may have proven leaders and teams with solid financial positions and ratios, a growing market share, and innovative products or services about to take over an industry.

2. The excitement of the hunt

If you've ever made 5% on an investment in a year, you know how exciting it is to make (or lose) a lot of money with penny stocks. It's not for easily scared people. Still, penny stocks can feel like a fun ride for people who like to gamble.

3. Making a small budget to do much more

Most people who buy penny stocks have a small amount to start through. If someone wants to trade and only has $500, they might only be able to buy three or four shares of a larger company. 

You could buy many penny stocks with the same amount of money. So why not try to get more for your money?

4. How fast gains come in

Not every penny stock's market price moves quickly. But for those that do, significant price changes tend to happen in days, not years.

Risks

1. Stocks of low quality

Most penny stocks come from companies that aren't very good. In a few cases, this is because their finances and balance sheet are a mess and their operations lose a lot of money. 

Their product or service might be in a field that is going out of business, or there might be too many competitors.

2. Major losses

Sadly, most people who "take a shot" at penny stocks end up with less money than they started.

3. Risky markets

Some penny stocks often trade on the New York Stock Exchange, the American Stock Exchange, and the NASDAQ. All the underlying companies have rules about how stocks are listed and reported, and investors are considering specific standards.

But most low-priced shares trade on the Pink Sheets and OTC, or OTCQX, where there aren't many listing fees, rules for reporting, or other trading standards.

One such sloppy markets aren't even stock exchanges, bringing in thousands of low-quality companies.

4. Not much traded

Some penny stocks don't trade as much as larger companies, which may trade tens of millions of shares every day. Many people only see a few thousand shares traded daily, and others may see even less.

5. Volatility

Rapid and extensive price changes are significant when they go your way, but volatility has two sides. When prices go down, your investment goes down, too.

How to manage risks on Robinhood?

When you have high-risk single stocks in your portfolio, it's essential to remember some of the basic rules of portfolio management. You don't have to buy penny stocks to be a successful investor, and many investors don't.

But if you want to buy penny stocks, here are a few things to think about:

• You can spread your risk among different penny stocks to lower the risk of putting all your money into one stock. A lot of penny stocks lose a lot of their value. You can lessen this risk by putting your eggs in different baskets.

• You can limit the amount of your investment portfolio made up of high-risk investments. Some experts say you shouldn't put more than a certain percentage of your money into cryptocurrencies or gold, like 5% or 10%. 

• You could follow the same rule if you invest in penny stocks. To be even more cautious, you could think that the total amount you put into any asset class should stay between 5% and 10% of your portfolio.

• There are, of course, investors who mostly put their money into high-risk investments. Keep in mind that the chances of losing a lot of money are high, and you could lose most of the money you've invested. 

Can you get rich by trading penny stocks?

Penny stocks can be available to make money. Still, you can technically make money with any stock. Successful investors usually pick stocks based on how likely they are to rise in value over time, no matter how much they cost.

There are different good reasons to put your money into small businesses. Investors who buy shares in small, fast-growing companies when they are still small make a lot more money than those who wait until the companies are big to purchase stock.

But penny stocks are rarely as good of deals as they seem. Their stock prices are low for a good reason. At best, penny stock companies are new and small, with uncertain long-term chances of success. 

Thus, at worst, penny stocks themselves are used by con artists to take advantage of investors who don't know what they're getting through.

Related questions: FAQs

1. Is Robinhood an excellent way to buy penny stocks?

Robinhood is quite a good online broker for buying pennies or most stocks. However, the only major drawback to trading penny stocks on Robinhood is that the platform only supports stocks traded on a few major exchanges like the NYSE or NASDAQ.

2. Can you get rich trading Penny Stocks?

Yes, trading penny stocks is a way to make a lot of money. Still, you can lose your investment in the blink of an eye. Just because penny stocks are hazardous, and their prices can change a lot from day to day.

3. How do first-time investors buy Penny Stocks?

Learning how to trade penny stocks takes a lot of trial and error. Putting a few dollars into a stock or finding a platform that lets you "paper trade" are good ways to test the water. 

Paper trading lets you try out your stock market strategy without putting your real money at risk.

Penny stocks on Robinhood under $1: Conclusion

Penny stocks are a risky way to invest, but they can also be very profitable. If you want to buy penny stocks on Robinhood, make sure you do your homework and know what the risks are.

It is also an excellent idea to spread your investments by buying different stocks and using different trading strategies. Most experts say you should only put a small amount of your portfolio into riskier assets.