Penny stocks are a popular investment choice due to high inflation these days. What are we talking about with penny stocks here? Primarily, because they are easy to invest in and are able to make money quickly. Thanks to Robinhood, retail investors have access to the market. As penny stocks break out, you can see the real retail momentum. If you are interested in getting started, you should check out Robinhood Penny Stock List.
Best Robinhood Stocks To Invest:
Historically, Robinhood may not be the most famous platform for trading penny stocks. However, the broker has flourished owing to its easy-to-use interface, which attracts more investors and traders. In this article Stocks Telegraph will be discussing the Robinhood penny stock list for investors who trade through Robinhood.
Iveda Solutions Inc. (IVDA)
Iveda Solutions Inc. (IVDA) stock closed last session at $0.98, decreasing -7.00% or -$0.07. Shares of the company fluctuated between $0.88 and $1.05 throughout the day. The number of shares exchanged was 86474.0, less than the company’s 50-day daily volume of 0.45 million and lower than its Year-to-date volume of 0.59 million. In the past 12 months, the company’s stock has advanced -79.97%, and in the last one week, the stock has moved down -18.63%. For the last six months, the stock has lost a total of -89.83%, and over the last three months, the stock has decreased by -34.02%. The stock has returned -94.45% so far this year.
Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Iveda Solutions Inc. (NASDAQ: IVDA) stock is found to be 10.99% volatile for the week, while 11.60% volatility is recorded for the month. The outstanding shares have been calculated 11.68M. Based on a recent bid, its distance from 20 days simple moving average is -21.75%, and its distance from 50 days simple moving average is -22.11% while it has a distance of -86.28% from the 200 days simple moving average.
Takung Art Co. Ltd. (TKAT)
Takung Art Co. Ltd. (TKAT) stock added 0.71% to finish last trading session at $1.41. The stock recorded a trading volume of 45523.0 shares, which is below the average daily trading volume published for the last 50 days of 0.17 million shares. The shares of Takung Art Co. Ltd. have advanced -10.76% in the last five days; however, they have lost -18.02% over the last one month. The stock price has shed -29.50% over the last three months and has lost -84.26 percent so far this year. Additionally, it has a price to sales ratio stands at 303.85.
Takung Art Co. Ltd. (TKAT) has a 20-day trading average at $1.7150 and the current price is -87.89% off the 52-week high compared with 0.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7406 and its 200-day simple moving average is $2.5844. If we look at the stock’s price movements over the week, volatility stands at 7.40%, which increases to 8.22% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.94 to suggest the stock is neutral.
Phio Pharmaceuticals Corp. (PHIO)
On Tuesday, shares in Phio Pharmaceuticals Corp. (PHIO) fell -0.77% to close the day at $0.68. The volume of shares traded was 39761.0, which is lower than the average volume over the last three months of 123.52K. During the trading session, the stock oscillated between $0.6711 and $0.71. The company had an earnings per share ratio of -0.91. PHIO’s penny stock has lost -3.13% of its value in the previous five sessions and -5.10% over the past one month, but has lost -31.65% on year-to-date basis. The stock’s 50-day moving average of $0.7176 is above the 200-day moving average of $0.8920. Moreover, the stock is currently trading at RSI of 41.15.
If we take a glance at the Ownership summary of Phio Pharmaceuticals Corp.’s stock, Institutional holders make up 7.40% of its total stock ownership. All together, they are the legal holders of 13.66 million shares. Whilst focusing on the top 3 stockholders for this publicly-traded organization, The Vanguard Group, Inc. owns 0.3 million shares, with GSA Capital Partners LLP in 2nd place owning 0.13 million shares and Two Sigma Investments LP in third place with total ownership of 0.13 million shares.
Phio Pharmaceuticals Corp. develops immuno-oncology therapeutics in the United States. It offers INTASYL therapeutic platform focuses on targeting tumor and immune cells by regulating genes of the immune system. The company develops PH-762 that activates immune cells to recognize and kill cancer cells by reducing the expression of the checkpoint protein PD-1 for immunotherapy in adoptive cell transfer (ACT); PH-894 that silences the epigenetic protein BRD4, which is an intracellular regulator of gene expression for use in ACT; and PH-804 that targets the suppressive immune receptor TIGIT, which is a checkpoint protein present on T cells and natural killer cells for use in ACT.
Hycroft Mining Holding Corporation (HYMC)
Hycroft Mining Holding Corporation (HYMC) stock lost -4.31% to close Tuesday’s session at $0.69. The stock volume remained 2.87 million shares, which was lower than the average daily volume of 4.04 million shares within the past 50 days. HYMC shares have fallen by -65.20% over the last 12 months, and they have moved down by -13.38% in the past week. Over the past three months, the stock has lost -48.96%, while over the past six months, it has shed 108.98%. Further, the company has a current market of $137.61 million and its outstanding shares stood at 197.12 million.
Currently, 1.10% of Hycroft Mining Holding Corporation ‘s shares possessed by insiders, while 28.30% shares possessed by financial institutions. Sprott Eric, 10% Owner of Hycroft Mining Holding Corporation (HYMC) sold 5,000,000 shares of firm against total value of $12701685.6 at the rate of 1.27 on Jun 24. WHITEBOX ADVISORS LLC, 10% Owner of Hycroft Mining Holding Corporation (HYMC) sold 7,817,401 shares of firm against total value of $7.23 million at the rate of 0.92 on Mar 08. WHITEBOX ADVISORS LLC, 10% Owner of Hycroft Mining Holding Corporation sold 38,299 shares of firm against total value of $39923.0 at the rate of 1.04 on Nov 12.
Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that covers an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver. Hycroft Mining Holding Corporation is headquartered in Winnemucca, Nevada.
Mullen Automotive Inc. (MULN)
The stock of Mullen Automotive Inc. (MULN) gained 6.20% to complete the last trading session at $0.66. The price range of the company’s shares was between $0.601 and $0.695. It traded 100.37 million shares, which was above its daily average of 66.07 million shares over 100 days. MULN’s shares have gained by 7.68% in the last five days, while they have subtracted -22.20% in the last month. Further, it is currently trading at a price to book ratio of 13.29.
If we take a glance at the Ownership summary of Mullen Automotive Inc.’s stock, Institutional holders make up 6.70% of its total stock ownership. All together, they are the legal holders of 376.79 million shares. Whilst focusing on the top 3 stockholders for this publicly-traded organization, The Vanguard Group, Inc. owns 12.25 million shares, with Simplex Trading LLC in 2nd place owning 0.86 million shares and Susquehanna Financial Group LLLP in third place with total ownership of 0.83 million shares.
Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.