Robinhood is one of the most popular places for penny stocks investors to find the best small-caps to watch. While the trading platform has been around for several years, since 2020, many new investors have stepped onto the scene. And, the result of this is the entrance of billions of dollars in new capital into the penny stocks space.
So, in 2021, many traders are looking for penny stocks that could be profitable. And to understand this in the context of Robinhood, we first have to ask, what are penny stocks? Well, penny stocks are any security trading under $5 per share. This leaves hundreds of options to choose from and offers investors a lot of opportunities.[Read More] Is RGC Stock Rallying On Mistaken Identity?
But, not all penny stocks are winners, and investors need to be able to spot the difference between potential gainers and those that may lose in either the short or long term. The best way to do this is to spend as much time as you can researching every stock on your watchlist.
This means understanding the financials, what speculative factors are impacting it, and what it has planned for both the short and long term. This will help to make your list of penny stocks as secure as possible. And with small caps, knowing when and how companies will move in value can be the difference between swift and gains and even swifter losses. So, with all of this in mind, let’s take a look at three penny stocks on Robinhood for your watchlist in August.3 Penny Stocks on Robinhood For Your Watchlist In August
- Document Security Systems Inc. (NYSE: DSS)
- Vinco Ventures Inc. (NASDAQ: BBIG)
- Camber Energy Inc. (NYSE: CEI)
Document Security Systems Inc. is an industrial penny stock that has been mentioned on this site before. This company sells packaging and security printing solutions to various sectors. Some of its printed materials offerings are security paper, vital records, birth certificates, ID materials, and much more.[Read More] 7 Penny Stocks Benefiting Big From Bitcoin & Dogecoin Right Now
On August 2nd, the company announced that it has invested $1 million into Vivacitas Oncology. This is in line with Document Security System’s plan to grow its healthcare segment. Vivacitas Oncology’s main focus is to create therapeutics for difficult-to-treat cancers. Right now, it makes sense that companies would work to enter the healthcare space. While there is a lot of competition, there is also plenty of room for newcomers on the scene. Now, it may take some time for DSS to find its niche in healthcare, but in the meantime, this is without a doubt an exciting prospect.
“We continue to demonstrate our commitment to addressing unmet needs in human healthcare and wellness through key strategic investments. With a rich pipeline of promising assets, Vivacitas provides significant upside potential.”CEO of DSS, Frank D. Heuszel
It will be interesting to see how the company’s healthcare segment will impact its stock price in the future. For now, is DSS a contender for your list of penny stocks to watch?Vinco Ventures Inc. (NASDAQ: BBIG)
Vinco Ventures Inc. is a penny stock that we have covered numerous times in the past few months. And, on August 20th, shares of BBIG stock moved up by over 10% at EOD. For some context, this company sells toys, electronics, and more to retailers and distributors all over the world. Additionally, the company sells personal protective equipment to hospitals and governments. Vinco engages in the development, manufacturing, sales, and fulfillment of its products. This makes it a mostly vertical business, which is a great business model for investors to get behind.
On August 4th, Vinco’s subsidiary Emmersive Entertainment announced a new music streaming NFT platform. This NFT streaming platform began with the release of Tory Lanez’s “WHEN IT’S DARK” album. This album was exclusively released as an NFT, limited to 1 million copies at $1 per copy. Once sold out, the album can only be purchased from another NFT consumer. Right now, NFTs and anything related to blockchain are all the rage. And with both Bitcoin and DogeCoin shooting up in value in the past two weeks, many investors are looking for companies that could benefit.
“The launch of the Emmersive Platform, led by the limited-edition release of Tory Lanez’s latest album is revolutionary. When combining this with the traffic that can be generated through Lomotif, we expect to build one of the largest NFT platforms in the music business.”CSO of Vinco Ventures, Brian McFadden
On August 20th, 16 days after the announcement, BBIG stock is up 9.5% in the market. Keeping this in mind, will BBIG make your penny stocks watchlist?Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is an energy penny stock that is seeing increased popularity and investor interest right now. For those who are unfamiliar, this company acquires land, develops it, and then sells the crude oil and natural gasses it discovers. As of March 31st, 2020, the company had 133,442 million barrels of oil equivalent. This is quite substantial, and with the demand for energy continuing to increase, shares of CEI have been on the rise.
On August 17th, Camber’s majority-owned subsidiary Viking Energy Group Inc. released its second-quarter results for 2021. Viking’s revenue increased more than $1 million year over year in these results. The company’s total revenue was $10.7 million, and $21.19 million YTD.
“We are pleased with Viking’s second-quarter results, and are very excited about steps we have taken subsequent to the end of Q2 to strengthen the organization, including Viking’s recent acquisition of a majority interest in Simson-Maxwell Ltd., a leading power generation and energy solutions company.”The CEO of Camber and Viking, James Doris
Considering these exciting results, it looks like CEI stock could be worth keeping an eye on. With all of this in mind, will it be on your watchlist moving forward?Which Penny Stocks Are You Watching on Robinhood?
Finding the best penny stocks on Robinhood is all about understanding where to look. And, with so many to choose from, it can be difficult to pick the hottest ones for your watchlist.
But, if investors take the time to consider what events are going on in the world and how certain stocks and industries can benefit, it can be much easier to make money with penny stocks. With all of this in mind, which penny stocks are you watching on Robinhood right now?