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The 8 Best Robinhood Stocks Under 1 Dollar To Buy For May 2022

Jenna Gleespen - April 29, 2022

robinhood stocks under $1

Looking for the best Robinhood stocks under 1 dollar to buy in May 2022? Well, you’ve come to the right place. Check out our top picks and get a rundown of each company on our list.

Best Robinhood Stocks Under $1

United States Antimony Company (NYSE: UAMY)

The United States Antimony Company is one of the world’s primary suppliers of natural resources, including antimony and zeolite.

It is involved in the transportation, smelting, and mining of these precious metals and minerals, with operations in Mexico, the United States, and other global regions.

One reason why you might want to start trading a penny stock like this on Robinhood is the growing demand for the above-mentioned minerals.

The global market size for zeolites could achieve a compound annual growth rate (CAGR) of over 3% from 2021 to 2026, with earnings reaching $14 billion by the end of the forecast period.

Meanwhile, the demand for antimony could expand 6% from 2018 to 2023, potentially driving the stock price higher within the next five years.

Financially, the company remains stable, with its last-quarter revenue growing 103.7% year over year and its net income by 90% during the same period.

If you’re looking for a stable investment with potential upside, United States Antimony Company could be a good option.

 

Robinhood stocks under 1 dollar

 

Almaden Minerals (NYSE: AAU)

Another noteworthy Robinhood penny stock is Almaden Minerals, a Vancouver-based mineral exploration company that focuses on gold and silver.

It has proven and probable reserves that equate to over 85 million ounces of silver and a million ounces of gold in its drilling and mining sites in Mexico.

These two minerals remain invaluable in various industries, maintaining their demand and increasing their value.

The value of gold, for example, grew 24% in 2020 and could likely go up by 4% year over year in 2022 after contracting in 2021.

Choosing penny stocks in this industry is high risk because mining is often subjected to many challenges that range from tight regulations to environmental issues.

However, Almaden Minerals can decrease this risk with its focus on sustainability and community engagement.

The business is less likely to experience significant operation interruptions, such as poor environmental compliance, that could contribute to an enormous decline in its stock price.

As a long-term investment, Almaden Minerals may be a solid play.

 

Robinhood stocks under 1 dollar

 

Camber Energy (NYSE: CEI)

Investors looking for low-priced energy stocks to buy can consider Camber Energy, an American company that provides custom power and energy solutions to commercial and industrial enterprises.

Oil prices rise due to the demand, geopolitical tension in Europe, and the lack of electric vehicles on the market.

These factors suggest that this penny stock price could continue to grow, at least in the short term.

However, even if the prices of oil and natural gas stabilize, this might remain one of the ideal Robinhood penny stocks because of its leadership in electric and energy solutions.

For example, it has recently acquired over 50% of its interests through its subsidiary Viking Energy Group in businesses that develop, design, and create proprietary electric detection, distribution, and transmission systems.

 

Robinhood stocks under $1

 

Evolve Transition Infrastructure LP (NYSE: SNMP)

Another energy penny stock to watch out for is Evolve Transition Infrastructure, a company founded in 2005.

This limited partnership focuses on the acquisition, development, and processing of natural gas pipelines and energy systems.

In a way, it functions similarly to Camber Energy, but it is also different since it is making money helping businesses and the government transition their energy infrastructure to something more sustainable like using low-carbon sources.

Levo is currently undertaking the biggest fleet conversion program in the Midwest, partnering with a school district to convert the school buses into 100% zero-emission vehicles.

It is also funding a project of HOBO, a renewable fuel developer, that could boost the latter’s capacity to over 115 million gallons of fuel each year.

Further, its solid financials could attract more investors to its penny stock: although its net income declined last quarter year over year, its revenue increased by 58% while its net profit margin climbed by 26%.

 

Robinhood stocks under 1 dollar

 

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Top Penny Stocks Under $1 On Robinhood

Kelso Technologies (NYSE: KIQ)

Robinhood also affords investors a chance to trade penny stocks in the transport equipment industry, and one of the leading options is Kelso Technologies.

As one of the leaders in this sector, the Texas-based company will design, manufacture, and then sell components for vehicles like trucks and railway systems.

The latter could bring in a lot of cash for Kelso. 

The market data showed that the global market for railway equipment could grow by 6.26% by 2026.

This growth is due to factors like population growth, infrastructure rehabilitation, and the need for urban connectivity.

Through its subsidiary KIQ X Industries, Kelso is also investing heavily in road-to-no-road solutions with its heavy-duty suspension project called KXI Wildertec.

It has already partnered with two developers that will supply people and knowledge to make the prototype more legally compliant.

These types of projects could improve the trajectory of its stock prices.

 

Robinhood stocks under $1

 

Inuvo Inc. (NYSE: INUV)

Inuvo Inc. is a company behind IntentKey, a media platform that uses artificial intelligence (AI) to gather and showcase audience data.

In turn, the technology helps brands find high-quality leads and customize their marketing strategies to a target audience.

This platform makes Inuvo one of the few companies that leverage two fast-growing segments today: artificial intelligence and e-commerce.

Gartner believes that the revenue for AI software globally could be over $62 billion in 2022, an increase of more than 20% compared to the previous year.

Meanwhile, the recent spike in online orders could mean a growth CAGR of 16% for the e-commerce market in the same year, according to Insider Intelligence.

Still, investing in Inuvo comes with challenges; for example, the growth of AI depends on the maturity of its targeted industry.

Overall, it remains one of the best stocks under $1 on Robinhood because tech gains momentum fast, allowing an investor’s capital to grow significantly in only a short period.

 

Robinhood stocks under 1 dollar

 

Borqs Technologies Inc. (NASDAQ: BRQS)

For a few dollars, investors can buy Robinhood penny stocks such as Borqs and capitalize on the massive growth of three technologies today: the Internet of things (IoT), cloud, and wearable devices.

The China-based company is a central player in creating IoT solutions, a promising tech segment that could achieve a CAGR of over 10% until 2027.

It then complements this service with the cloud, whose market size already reached nearly $370 billion in 2021 and could still expand 15.7% from 2022 to 2030.

On the other hand, the demand for wearable devices will continue to soar in North America: this is a region that accounts for most of the sales for this product.

As a desirable penny stock, Borqs is also well positioned geographically. 

The Chinese market for IoT alone could surpass $300 billion within the next three years, accounting for over 25% of the total global market volume.

 

Robinhood stocks under 1 dollar

 

Evofem Biosciences Inc. (NASDAQ: EVFM)

In its 2021 fourth-quarter report, the company has increased the number of units shipped for its lone product, a hormone-free contraceptive called Phexxi, by 73% and improved its net sales by 109%.

The company also has several studies in the pipeline, such as prevention medications for bacterial vaginosis and chlamydia.

According to market data, the global therapeutics market for chlamydia alone could be worth $3.4 billion in 2026 from $2.55 billion in 2021.

At the time of writing this, CNN Business has indicated that four analysts it polled gave this stock a buy rating.

 

Robinhood stocks under $1

 

Should You Buy Penny Stocks On Robinhood?

Investors looking for a simpler and quicker way to invest in penny stocks under $1 might want to consider Robinhood.

Robinhood streamlines penny stock investing with its zero commission fees and no minimum account requirement.

Investing is also easy with its user-friendly interface and accessibility, as well as features like market data research, trade on margin, and in-depth industry news and research reports.

Keep in mind, though, that Robinhood only supports shares listed in major stock exchanges and, therefore, does not offer OTC stocks.

How to Find Penny Stocks Under 1 Dollar on Robinhood

There are a few ways you can go about finding penny stocks on Robinhood.

First, you could do your own research outside the platform, find a stock you like, and then search for the ticker on Robinhood.

Next, you can check out the Trending List on the homepage.

The Trending List is a nice touch because it can cue you into stock movements and help you gauge investor sentiment about hyped up stocks.

If you want to do a deep dive into all of Robinhood’s penny stocks, you can also search specifically for stocks under $5 and run through the whole list.

Robinhood stocks under 1 dollar

You can also dial in your search by adding additional filters like, health, tech, etc.

Robinhood Stocks Under 1 Dollar: Final Words

All in all, Robinhood might be one of the best platforms on the market to start trading penny stocks.

It boasts a wide range of features and has an extremely accessible and trimmed-down UI.

That being said, there are some drawbacks to using the platform for trading penny stocks — especially if you’re looking to trade OTC stocks.

This is a double-edged sword, though, and might not be a drawback depending on who you ask. Some people like that Robinhood only trades stocks listed on major exchanges, as it adds a layer of legitimacy to the underlying companies.

Something to consider is that you can always use other platforms like Webull to do your due diligence, as it has more robust research features. And then you can double back to Robinhood and make some fast trades.

Regardless of which platform you decide to use for stock trading, make sure to approach penny stocks with caution.

It’s easy to get stuck on the success stories and overlook when folks have their cheap stocks go sideways.

So always do your own due diligence, and only invest what you can afford to lose. In short, choose penny stocks wisely.

 

Robinhood Stocks FAQs

Can You Do Penny Stocks on Robinhood?

Yes, traders can buy and sell penny stocks on Robinhood. This investment platform has around 5,000 stocks to choose from.

Can You Get Rich Off Penny Stocks?

It is possible to make money with penny stocks. However, investors need to remember that, while they could give high returns, they are also mostly duds. Traders still need to perform extensive market research through news and company updates to make smart investment decisions.

What Is the Cheapest Penny Stock on Robinhood?

Penny stocks have various prices. The cheapest are those that investors can buy below $1. These include United States Antimony Company, Almaden Minerals, Camber Energy, Evolve Transition Infrastructure LP, Kelso Technologies, Inuvo Inc., Borqs Technologies Inc., and Evofem Biosciences Inc.

What’s the Hottest Penny Stock Right Now?

The hottest penny stocks are usually those that are in tech, healthcare, and energy. Although these are high risk, they are also high-return options. Some possible choices are Camber Energy, Kelso Technologies, Inuvo Inc., Borqs Technologies Inc., and Evofem Biosciences Inc.

How Do Beginners Invest in Penny Stocks?

Platforms like Robinhood or Webull are likely the easiest way to start trading penny stocks. Signing up is easy, and they also run some pretty great promotions that give you free stock for signing up. Before you sign up for any platform, we recommend that you do a deep dive on trading stocks. 

 

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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.