Looking for the best penny stocks on Webull? You’ve come to the right place. Read along for our picks for the top Webull penny stocks to watch out for.
What is Webull?
Webull is an online brokerage for investing in stocks and exchange-traded funds (ETFs). It provides commission-free trading, striving to separate the average investor from the weight of platforms with heavy fees.
In addition, Webull serves as a source for in-depth market data and research tools to make sense of it all. At a glance, it’s possible to view real-time share prices, analyst ratings, detailed charting, and a lot more.
The platform shines both on traditional computers and mobile devices. Both avenues are full of features and provide investors the opportunity to trade from just about anywhere.
Who is Webull for?
of all shapes and sizes can benefit from Webull’s many features, if they know what they’re looking for.
Beginners have access to Webull’s educational materials that reveal how the site works along with plenty of content on how to make smart trades. There’s even a section for paper trading where for new investors to practice without risking any of their money.
That said, Webull really shines for more experienced traders. Its tool set runs really deep, allowing folks to come up with robust investment strategies or uncover patterns hard to find elsewhere.
In either case, the platform demands time and effort. It doesn’t hand out recommendations, meaning folks have to get into the weeds themselves. People looking to click a few buttons and walk away will come up short here.
Also note that Webull focuses primarily on stocks and ETFs. Anyone looking to spin alternative assets should look elsewhere.
Best Penny Stocks on Webull
Talkspace Inc. (NASDAQ: TALK)
Our first pick for top penny stock on Webull offers an interesting blend of tech and therapy that has several relevant applications for today and tomorrow. 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. Talkspace offers a broad range of therapy options, ranging from psychiatric conditions like OCD, depression, anxiety, and 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. In the first quarter of 2022, the company increased its revenue due to high demands for its B2B services, which was offset by a minor dip in its consumer business.
As a consequence of measures meant to better maximize our marketing spending, Talkspace’s B2C division began to show moderate progress in a number of operational KPIs.
Total active members increased by 10% year over year to around 64,500, while B2B eligible lives increased by 54% to over 76.5 million. This resulted in a 23% increase in revenue, a total of $26.4 million last quarter. This company’s stock price may be positioned as more patients shift to online help.
Enthusiast Gaming Holdings Inc. (NASDAQ: EGLX)
Enthusiast Gaming Holdings Inc. is another Webull penny stock that you might want to watch out for. Currently based in Canada, the company creates media and eSports-related content.
It 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 company’s flywheel concept, which revolves around communities, content, creators, and experiences, continues to produce value. Its management team is ideally positioned to maintain strong top-line growth while considerably improving gross profit.
Furthermore, being able to boost revenue growth in the weakest quarter of the year is a positive indicator for the rest of the year.
For example, earnings of $47.2 million, up 57% from $30.0 million in the first quarter of 2021. Increased content viewing and the acquisitions and expansion of the Addictive Games and U.GG properties all contributed to the revenue gain year after year.
Also, a milestone was recorded earlier this year as EGLX surpassed 1 billion US monthly views and was ranked top 40 internet properties in the US based on total views. Given its acquisition and continuous growth, EGLX is showing no sign of slowing down.
Ocean Power Technologies, Inc. (NASDAQ: OPTT)
Ocean Power Technologies, Inc. is developing and commercializing devices that create power by harnessing the renewable energy of ocean waves.
The PowerBuoy systems developed by the company use technologies that transform mechanical energy produced by rising and falling ocean waves into electricity. The company recently acquired 3Dent Technology’s Strategic Consulting Services, boosting its revenue from $200,000 to $300,000 from last fiscal year.
Ocean Power has also partnered with Greensea and Fathom5, a robotics and software company, to expand its customer base. The company continues to integrate the 2021 purchase of 3Dent Technology, Inc, which it expects to give a much larger MDA scoping and subscription business in the future.
In addition, OPTT’s acquisition of Marine Advanced Robotics (MAR) before 2021 ended continuously provided significant value, adding $257,000 quarterly revenue since the acquisition.
The current renewable energy trends have helped OPTT’s stock gain significantly over the past year, so if you’re looking to trade penny stocks on Webull in the renewable energy sector, you should definitely keep an eye out for this stock.
Best Webull Penny Stocks with Potential
Opko Health Inc. (NASDAQ: OPK)
Opko Health Inc. works in different countries like the US, Chile, Spain, and Mexico. The company provides diagnostic and pharmaceutical business solutions, offering 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 physicians’ offices, clinics, employers, and hospitals. OPK’s diagnostic segment has been rallying for the past couple of months and reported a 39.6% increase in revenue last quarter.
However, revenues from services in the Diagnostics division were down mainly due to the decrease in COVID-19 testing volume. However, this was somewhat offset by an increase in clinical and genomic test income and an improvement in COVID-19 test reimbursement.
OPKO Health ended the first quarter of 2022 with $102.3 million in cash and cash equivalents, down from $134.7 million at the end of 2021.
Healthcare could be another great field to invest in, penny stock or otherwise, as it’s an industry teeming with potentially profitable innovations.
Popular Penny Stocks on Webull
ATA Creativity Global (NASDAQ: ADR)
ATA Creativity Global, formerly known as ATA Inc., is a Chinese company that 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; it maintains a fairly stable price and has seen major jumps in value over the last year.
The company started 2022 on a promising note, with a consistent year-over-year increase in total sales, fueled mostly by expansion in its portfolio training and foreign study counseling services sectors, which enabled it to continue to cut losses.
Student enrollment increased somewhat, but credit hours provided remained steady during the time. To be specific, student enrollment increased by 3.4 percent to 997 in the first quarter of 2022, up from 964 the previous year.
ACG’s portfolio training programs enrolled 537 of these students. In the first quarter of 2022, about 27,494 credit hours were supplied, compared to 27,865 in the previous year.
ATA Creativity Global is continuing to invest in the development of new solutions and its existing IT platform, which might boost the company’s value in the future.
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 the commercial front, CGuard’s successful expansion into France signifies a step forward in the company’s reimbursement drive, as well as rising global demand from physicians for the product’s use in treating coronary artery disease.
This resulted in CGuard’s first-quarter revenue of $1,161,000 is up 20% over the same period in 2021, based on 1,910 stent systems sold. Finally, the company reported 37.1 million in cash, cash equivalents, and short-term bank deposits.
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.
Cheapest Penny Stocks on Webull
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, the company has partnerships with Oxford BioMedica and the University of Massachusetts Medical School to commercialize its gene therapy methods. Unlike other biotech penny stocks, Sio Gene has the cash to burn if it needs to.
The company reported over $64.1 million in cash and cash equivalents as of March 31. The clinical trials for AXO-AAV-GM1 and AXO-Lenti-PD have been nothing but promising, and this gives the company a lot of breathing room when it comes to research and operational expenses.
Biotech penny stocks tend to be very popular, as backing a company with a medical breakthrough can prove very lucrative. Also, these stocks are generally more speculative in nature, which means you can see massive swings in price when they get good press.
XpresSpa Group, Inc. (NASDAQ: XSPA)
If you want to invest in Webull penny stocks in the spa industry, look no further than XpresSpa. 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.
Because it offers a pretty interesting niche by catering to airports, we may see a sharp upswing in business as travel continues to pick up.
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.
In fact, the company has been in partnership with the Centers for Disease Control and Prevention (CDC) since September 2021. Initially, it was only for a three-month contract, but it was recently extended. This awarded it a total of $5.6 million.
Also, it recently reported that its Board of Directors has approved an increase of ten million shares in its current stock repurchase program and has extended it through September 15, 2023.
This only goes to show its strong financial position and the ability to invest in the continued growth of XpresTest. Disease screening and loosening restrictions can mean increased value for a penny stock like XpresSpa Group, Inc.
Webull Stocks Under 10 Cents
While there can be stocks that trade for less than 10 cents on Webull, they don’t typically last long. The platform has stricter guidelines for trading stocks in the penny stock range, so you might need to look somewhere else.
Fidelity offers OTC stocks, which means that you’ll have a larger pool to choose from.
What You Should Know About 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. This doesn’t mean that running out and buying cheap penny stocks will yield returns.
Penny stock trading may not be for everyone, as it comes with a significant amount of risk. While there is the potential for gains, if you don’t do your due diligence, you can easily 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, and this includes the companies on our Webull penny stocks list.
How to Trade Penny Stocks on Webull
Trading penny stocks is surprisingly simple. After signing up and funding your account, all you need to do is find and buy.
How to Find Penny Stocks on Webull
If you want to find a penny stock on Webull, you’ll need to use the search feature and filter for stocks that trade under 5 dollars. Because Webull is a dedicated trading platform, it has more options to search for stocks. In fact, some competitors don’t even allow you to search by price.
After you have found a public company worth trading, you can move on to the next step.
How to Buy Penny Stocks on Webull
As long as your account is properly funded, you’re ready to buy.
Simply select the number of shares you want and select buy.
Keep in mind, though, that there is a minimum for penny stocks in a certain price range.
How Much Does Webull Charge for Penny Stocks?
Webull does not charge fees for stocks that trade under $5, which means trading penny stocks on the platform is free.
That being said, there is a minimum investment for buying penny stocks on Webull — like most platforms. Depending on the price of the penny stock, your minimum could range from 1-1,000 shares.
Penny Stocks on Webull: Tips for Successful Trading
Penny stocks may seem like a great investment opportunity thanks to their growth potential, but it’s imperative to stay smart. Keep these tips in mind before you set out to help you succeed:
Try Paper Trading First
If you’ve never dealt with penny stocks before, I highly recommend trying out paper trading first. It’s a great way to test your confidence and experience with low-cost securities before putting your money on the line for real.
Keep a Close Eye on Investments
Penny stocks can shift up and down in moments, often without any prior warning. Therefore, you’ll want to keep a close eye on all your penny stock investments to catch these movements at the best possible time.
Watch Out for Low Floats
Some penny stocks have a low float, meaning they don’t have many available shares for trading. These securities tend to be very volatile and can be quite hard to sell if you need to get out in a hurry.
Know Your Limits
Dabbling in penny stock trading can be a very emotional experience. Before going in, understand how much risk you’re willing to take. Make sure you have a clear investment strategy, a specific timeline, and the exact amount you’re okay to lose. Above all, never let your passion get the better of you when making decisions.
Stay ahead of market trends and news with the potential to affect your portfolio as much as you can. Webull’s real-time data and analytics should provide what you need to make educated trades.
Consider Stop Loss Orders
In a worst-case scenario, it’s helpful to set a predetermined selling price for your penny stocks if they fall too low. Doing so can save you from huge losses.
Webull Alternative: Robinhood
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.
One major drawback to Robinhood is that you can’t short stocks on the platform. However, Robinhood is a little more accessible to newcomers, so it may be a fair trade-off for beginners.
Why Buy Penny Stocks on Webull
Webull is a fantastic option for anyone with enough risk tolerance to weather the market volatility that penny stocks are known for.
There’s no commission or account minimum on any trade you make on Webull, which is a huge plus for anyone placing large numbers of them. The platform’s rates are quite reasonable, boosting your chances at profit even with small price increases.
Plus, it has a low barrier for entry that most investors have little to no trouble overcoming. Fewer hurdles allow you to start trading penny stocks that much faster.
Once you’re in, the large quantity of analytical tools can really help sift bad penny stocks from the good. This is a huge bonus to either going in blind or having to hunt for reputable data.
Not all of these are going to pay off like popular meme stocks, but you could do well for yourself if you are willing to commit to in-depth analysis.
Most stocks in this arena tend to be duds, and all the research in the world can’t shelter your portfolio. So you might want to tread lightly when trading stocks with a share price under $5. As long as you don’t put up more than you can afford to lose, some calculated risks could pay off.
Webull does place several restrictions on penny stocks, but this can work to your benefit in the long run. In my experience, the platform screens out those with inconsistent data or missing requirements. There’s a good chance you’d cast those aside on your own anyway.
Trading Penny Stocks on Webull FAQ
Why Can’t You Buy Certain Penny Stocks on Webull?
Webull supports penny stock trades on major exchanges. So if a penny stock is traded on the OTC market instead of a major exchange, it will not be listed on Webull. This means several meme stocks might be off the table.
Why Are Webull Penny Stocks so Popular Right Now?
While penny stock trading has always been popular on Webull, a broader group of traders has emerged as a result of community interest on forums such as Reddit. Many groups are dedicated to uncovering the next big meme stocks and undervalued gems on the stock market.
Does Webull Allow Short-Selling Penny Stocks?
Webull does allow short-selling stocks on its platform, but we can’t find anything on penny stocks. Still, this is another feature that sets Webull apart from other competitors like Robinhood. You can check out our handy guide on short selling on Webull to learn more.
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