5 Cheapest Stocks on Robinhood

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1. Adamis Pharmaceuticals Corporation (NASDAQ: ADMP)

Number of Hedge Fund Holders: 3
Price as of August 1, 2021: $1.18

Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) is ranked first on our list of 10 cheapest stocks on Robinhood. The company’s shares have offered investors returns exceeding 143% year-to-date. The company operates as a biopharma firm focused on developing treatments for allergies and respiratory diseases. It is headquartered in California. On June 9, the share price of the firm jumped more than 18% after regulatory bodies in the US accepted a review application for Zimhi, a drug for the treatment of opioid overdoses. 

On June 1, the share price of Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) jumped close to 5% after it announced that it had begun a clinical trial for a COVID-19 drug named Tempol. The drug has already been recognized as an antiviral COVID-19 drug.

At the end of the first quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $1.3 million in Adamis Pharmaceuticals Corporation (NASDAQ: ADMP). 

You can also take a peek at 10 Best Stocks to Buy According to Billionaire Paul Tudor Jones and Top Robinhood Stocks Popular on Reddit.

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