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The Best Penny Stocks on Webull

Jenna Gleespen - September 08, 2021

penny stocks on Webull

Best Penny Stocks on Webull

The stock market can be a tricky place to navigate, especially for those new to stocks trading. To make your life a little easier, we’re here to give you our picks for the best penny stocks on Webull.

You can pick up some stock from a major exchange, like the NYSE, that can trade for hundreds of dollars, while there are others you can trade for a significantly lower price.

While trading major exchanges can offer stability, you can also trade penny stocks, as they have the potential to grow quickly.

Penny stocks, as defined by the Securities and Exchange Commission, are one type of stock available on a trading platform such as Webull.

Penny stocks are usually from smaller companies that trade for less than $5 per share.

Since this type of stock is cheaper than a conventional stock, the penny stock market is much easier to get into and can provide great returns if you invest in the right selection.

penny stocks on Webull

Can You Buy Penny Stocks on Webull?

Trading penny stocks through Webull is possible, as the platform has a variety of assets available for trade, including stocks under $0.10 per share.

To start trading these stocks, you’ll need to hop online and create a Webull account first.

Penny Stock Trading on Webull

After creating your account, you can search the penny stock you want to buy by searching the available stocks for trade on Webull and sorting them according to price⁠.

For penny stocks, we want to look for stocks lower than $5 per share.

penny stocks on Webull

More on Trading Penny Stocks

This kind of stock is often perceived to have a huge potential, but as a trader, you should have a high-risk tolerance, too, since you can either end up with a major profit or with a major loss.

You can look through the available stocks and pick the one you want to buy.

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Best Penny Stocks on Webull

Webull has many penny stocks on its platform that you should watch out for.

However, the best ones are typically from companies with a lower share price relative to their assets or market capitalization.

Investing in shares of these companies can help to diversify your portfolio while also generating income from dividends and stock price appreciation.

However, always keep in mind that penny stocks are volatile, so as an investor, you must have risk tolerance when investing in this type of stock.

Projections may not always come true because of various factors that come into play with assets with such low liquidity.

Due diligence and proper research should always help ground your decisions about which penny stocks are worth investing in.

With that out of the way, here’s a list of the top penny stocks on Webull worth considering.

Talkspace Inc. (NASDAQ: TALK)

Talkspace Inc. is a technology company that provides online therapy sessions for clients through its virtual platform.

The concept was initially created for group therapy sessions for close friends; however, it has since grown into a fully-fledged health support service.

Currently, Talkspace offers a broad range of therapy optionsranging from psychiatric conditions like OCD, depression, anxiety, PTSD, to simple counseling for teens or couples.

Customers are easily accommodated through the platform’s assessment exam and are then assigned a therapist who can provide them support for their concerns.

A company providing valuable health services like Talkspace can benefit from the demand for therapies because of rising mental health concerns caused by the pandemic. 

Talkspace’s penny stock currently trades for around $4, and its number of active members increased by more than 40% in this year’s second quarter.

penny stocks on Webull

 

Enthusiast Gaming Holdings Inc. (NASDAQ: EGLX)

Enthusiast Gaming Holdings Inc. is another stock that you might want to keep a close eye on.

Currently based in Canada, the company creates media and eSports-related content.

The company distributes this content through more than 100 websites related to gaming and around 100 YouTube channels. 

Enthusiast Gaming also conducts the video game exhibition, Enthusiast Gaming Live Expo, and it owns and manages eSports teams across different popular titles, such as Fortnite, Overwatch, and Call of Duty. 

The industry’s figures can reach hundreds of millions and even billions of dollars.

Stocks from Enthusiast Gaming Holdings Inc. can directly benefit from such a lucrative sector like esports and video games in general.

This company’s penny stocks trade for around $4 per share.

penny stocks on Webull

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Sio Gene Therapies Inc. (NASDAQ: SIOX)

Sio Gene Therapies Inc. is headquartered in New York City and creates cutting-edge therapies using genetics, which are designed to help people suffering from neurodegenerative diseases.

Some of these diseases are Parkinson’s, GM1 gangliosidosis, and GM2 gangliosidosis.

Sio Gene Therapies Inc. develops these genetic therapies alongside its subsidiaries.

Its therapies are currently under Phase I/II clinical trials. 

Currently, Sio Gene Therapies has partnerships with Oxford BioMedica and the University of Massachusetts Medical School to commercialize its gene therapy methods. 

Neurodegenerative diseases like Parkinson’s afflict people with negative life changes — therapies are also generally limited.

This demand for therapies could push Sio Gene Therapies Inc. to grow as well as the price of its stock.

This company’s penny stocks currently trade for around $2 per share.

penny stocks on Webull

Opko Health Inc. (NASDAQ: OPK)

Opko Health Inc. works in different countries like the U.S., Chile, Spain, and Mexico.

The company is associated with diagnostics and pharmaceuticals, providing different types of products and services for the healthcare industry across the international market.   

Under diagnostics, Opko Health Inc. operates its BioReference Laboratories segment.

Its services include laboratory testing, molecular diagnostics, esoteric testing, anatomical pathology, and genetic testing. 

The company then works with physician offices, clinics, employers, and hospitals.

With a 59% growth in annual revenue, Opko Health Inc. can still go higher due to its focus on the healthcare industrya rapidly evolving market with increasing demands.

This company’s penny stocks trade for around $4 per share.

 

penny stocks on Webull

Popular Penny Stocks on Webull

Here are some penny stocks you can buy and sell that are currently popular on Webull.

XpresSpa Group, Inc. (NASDAQ : XSPA)

XpresSpa Group, Inc. provides spa services, luxury travel products, and different kinds of accessories through several locations worldwide.

The company has 57 airport spas across 23 different global airports plus one spa in the Westfield World Trade Center located in New York City.

Aside from those services, the company also has XpresTest as a business segment, which provides screening, testing, and rapid testing services for different diseases — including COVID-19. 

Disease screening and loosening restrictions can mean increased value for a penny stock like XpresSpa Group, Inc.

This company’s penny stocks trade for around $1.7 per share.

penny stocks on Webull

ATA Creativity Global (NASDAQ: ADR)

ATA Creativity Global, previously known as ATA Inc., is a company that operates in China and offers a suite of computer-based testing services and educational services to students across its training centers.

The company’s clientele includes professional associations and government agencies.

In addition, its testing services provide platforms for different certification and licensure examinations.

A penny stock like ATA Creativity Global is popular on Webull for a reason: investors and brokers are well aware that it has potential.

This company’s penny stocks trade for around $2.6 per share.

 

penny stocks on Webull

Stocks Under 10 Cents on Webull

One of the biggest benefits of investing in penny stocks is their accessibility.

To invest in these stocks, you do not need more than around $5 per share.

Nonetheless, here is a stock on Webull that trades at under 10 cents per share.

InspireMD, Inc. (NASDAQ: NSPRZ)

By creating, developing, and marketing its MicroNet stent platform, InspireMD provides possible treatment opportunities for vascular and coronary diseases.

The company also has technologies under development that have application potential for different kinds of medical procedures.

On August 10, NSPRZ had an income of $1,038,000, which is 231.6% higher than a year ago.

In addition, the Nasdaq Capital Market has been chosen as the company’s new listing platform for its common stock and warrants, providing access to a larger and more diverse investor base.

InspireMD’s shares are currently valued around $4.

 

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Robinhood: Another Platform to Trade Penny Stocks on

If you want an alternative to Webull, you can make penny stock trades on Robinhood.

Webull and Robinhood share many similar services, but there are some key differences.

Though, these differences don’t really affect trading penny stocks, so Robinhood is a solid option for this type of investing.

Final Thoughts on Penny Stocks

Penny stocks are a great investment for some traders because of their low price per share on the stock market and the opportunity for high returns.

However, penny stock trading may not be for everyone as investing in it comes with a significant amount of risk.

In addition, penny stock trading is not always as profitable as it might seem.

While there is the potential for massive financial gain, if you don’t do your due diligence and follow company news, you can invest at a loss.

As with all types of investments you could make in the stock market, you have to be ready to do your own research if you want to trade penny stocks.

So you should be ready for the risks that come with this kind of investment.

Why Buy Penny Stocks on Webull

Webull lets you easily purchase a penny stock with their zero commission fees and user-friendly interface.

Also, Webull does run some pretty alluring promotions, such as free stock for new members.

Keep in mind however that a penny stock is volatile, so your investment is risked due to the possibility that it may lose or gain value fairly quickly.

When trading penny stock, you should invest strategically to ensure you get the most out of this asset’s potential for amazing returns.

 

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Jenna Gleespen is a copywriter specializing in finance and investment finance. Originally from the United States, she now calls London, England home.