In this article, we discuss the 5 cheapest stocks on Robinhood. If you want to read our detailed analysis of these stocks, go directly to the 10 Cheapest Stocks on Robinhood.
5. Outlook Therapeutics, Inc. (NASDAQ: OTLK)
Number of Hedge Fund Holders: 11
Price as of August 1, 2021: $2.26
Outlook Therapeutics, Inc. (NASDAQ: OTLK) is a New Jersey-based clinical-stage biopharma company. It is ranked fifth on our list of 10 cheapest stocks on Robinhood. The company’s shares have returned 66% to investors over the past year. The firm concentrates on developing monoclonal antibodies for ophthalmic indications. It was founded in 2010 and has a market cap of close to $400 million. The company recently joined the Russell 2000 Index, a milestone that will improve the visibility of the firm to investors.
In earnings results for the second fiscal quarter, posted on May 14, Outlook Therapeutics, Inc. (NASDAQ: OTLK) reported earnings per share of -$0.09, just missing market predictions by $0.01. The cash and cash equivalents over the period were $37 million.
At the end of the first quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $5.2 million in Outlook Therapeutics, Inc. (NASDAQ: OTLK), up from 9 the preceding quarter worth $835,000.
4. Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO)
Number of Hedge Fund Holders: 10
Price as of August 1, 2021: $2.02
Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) is placed fourth on our list of 10 cheapest stocks on Robinhood. The stock has returned 61% to investors over the past twelve months. The company is based in Ohio and focuses on the development of treatments for ocular disease and vascular stabilization. In earnings results for the first quarter, posted on May 17, the firm reported earnings per share of -$0.09, beating market predictions by $0.01. The cash and cash equivalents over the period were $39 million.
On July 8, investment advisory HC Wainwright upgraded Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) stock to Buy from Neutral with a price target of $22, highlighting that the firm was on a path to be a self-sustaining commercial enterprise.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm OrbiMed Advisors is a leading shareholder in Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) with 5.1 million shares worth more than $6.7 million.
3. VEON Ltd. (NASDAQ: VEON)
Number of Hedge Fund Holders: 8
Price as of August 1, 2021: $1.75
VEON Ltd. (NASDAQ: VEON) is a Netherlands-based company that offers telephone and mobile communication services. It is ranked third on our list of 10 cheapest stocks on Robinhood. The company’s shares have returned 15% to investors over the past six months. On June 16, the firm announced that it had acquired a majority stake in Russian ad-tech firm named OTM. OTM is one of the largest ad-tech firms in Russian in terms of revenue and volume of online ad inventories.
On June 17, investment advisory UBS upgraded VEON Ltd. (NASDAQ: VEON) stock to Buy from Neutral and raised the price target to $2.40 from $1.65. Ondrej Cabejsek, an analyst at the firm, issued the ratings update.
At the end of the first quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $20 million in VEON Ltd. (NASDAQ: VEON), up from 6 in the previous quarter worth $15 million.
2. Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS)
Number of Hedge Fund Holders: 2
Price as of August 1, 2021: $1.30
Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) stock has offered investors returns exceeding 3% over the course of the past five days. It is placed second on our list of 10 cheapest stocks on Robinhood. The company markets software services and technology solutions. It is based in China. Some of the services it offers include trade compliance, import and export loan services, insurance processing, and trade logistics, among others. It was founded in 1997.
Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) has a market cap of over $59 million and posted more than $26 million in revenue last year. The short interest on the stock is 3.12% and the volume was 594,054 on August 1.
Out of the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) with 25,806 shares worth more than $78,000.
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.
