Connect with us

5 Penny Stocks You Can Buy For Under $1 On Robinhood

If You Choose To Buy Penny Stocks On Robinhood, These Might Raise Some Eyebrows…

Published

on

Cheap Penny Stocks On Robinhood Are Hard To Come By

Buying penny stocks on Robinhood has become the norm for many traders. Given the app’s easy set-up and clear-cut operating platform, millions of new retail traders have made it their go-to platform. I know there’ve been plenty of concerns, including the lack of transparency from the company itself. Robinhood was also at the center of the debacle when the app restricted trading for specific “short-squeeze” stocks on Reddit.

Despite this as the case, plenty of retail traders are using the platform to this day. The sticking point for many is that the app doesn’t allow access to over-the-counter or “OTC Penny stocks.” Not all penny stocks on the OTC are shady companies like the Wolf Of Wall Street movie portrayed in all fairness. But the reporting requirements are much laxer than those of the listed exchanges, including the NYSE and Nasdaq.

Here’s where today’s topic comes into play: Penny stocks to buy under $1 on Robinhood.

Penny Stocks On Robinhood Under $1

These are a rare breed on that app and a risky group of stocks at that. Aside from all of the other risks that come with low-priced stocks, Robinhood adds another layer. Since these are listed penny stocks, the Nasdaq and NYSE require companies to maintain certain requirements, including a minimum bid price.

[Read More] 4 Hot Penny Stocks For Your Tech Watch List

What are the Nasdaq & NYSE minimum bid prices? Once listed, the price must maintain a level of $1 or higher. So when you’re talking about any companies trading below this price, the risk is that they could be delisted from the exchange. Then you might be dealing with a bigger issue: trading OTC stocks on Robinhood, which we know is not “the thing” to do on the app.

Even with this as the case, there are still traders looking for cheap stocks on the platform. In this case, we’ve got a list of penny stocks on Robinhood to buy for under $1. Are they worth the risk? You be the judge.

  1. IT Tech Packaging Inc. (NYSE: ITP)
  2. Teligent Inc. (NASDAQ: TLGT)
  3. Advaxis Inc. (NASDAQ: ADXS)
  4. Acasti Pharma Inc. (NASDAQ: ACST)
  5. Synthetic Biologics Inc. (NYSE: SYN)

Robinhood Penny Stocks To Buy [or avoid] #1: IT Tech Packaging Inc. (NYSE: ITP)

The first on this list of penny stocks under $1 on Robinhood is IT Tech Packaging. It was a popular stock to watch during the pandemic’s early days when everyone was scrambling for toilet paper and other paper products.

IT manufactures paper in China ranging from corrugated cardboard, printing paper, bathroom & kitchen paper, and face masks. In fact, the company managed to grow sales from tissue paper products by 51.3% to a total volume of 3,165 tonnes in the 4th quarter.

In its last earnings update, the company said that it’s in the process of applying for a surgical face mask production license. It looks like the next step is to get its on-site inspection, which was delayed by the pandemic, and obtain final review results.

Considering that coronavirus is sticking around for a little longer, paper products companies could be the unsung heroes of the post-pandemic economy. We’ll still likely have a use for face masks, and, of course, there’s always a need for paper products. In light of its fourth-quarter growth, IT Tech might be a company to watch, and it still traded below $1.

penny stocks to buy under $1 on Robinhood IT Tech Packaging ITP stock chart

2. Teligent Inc. (NASDAQ: TLGT)

Another one of the penny stocks on Robinhood under $1 is Teligent Inc. The pharmaceuticals company provides specialized generic drugs. Teligent provides a wide range of generics, including injectables and topical products.

Thanks to COVID-19, however, the company has been more focused on recapitalization efforts most recently. Since June, it has managed an aggregate reduction in its debt of $118 million and recently completed a $77 million debt-for-equity swap with Series C noteholders.

Tim Sawyer, Teligent’s President and Chief Executive Officer, explained earlier this year that he believes “that through the debt-for-equity exchange, incremental loan availability and the ATM equity offering, we will achieve a financial structure that will enable us to continue delivering quality products for our customers and patients and grow our relationships with all stakeholders.”

[Read More] 3 Green Energy Penny Stocks to Watch in April 2021

In an 8-K filing Thursday, the company gave more details on the ATM program. It managed to raise $38.5 million with shares sold at an average price of $0.993, a premium to the current market price. Something else you’ll find by looking at the filings is a prospectus outlining details of an upcoming shareholder meeting. Among the topics up for a vote is a proposed reverse split at “at least” one-for-three. This may be an effort to maintain compliance with the exchange.

penny stocks to buy under $1 on Robinhood Teligent Inc. TLGT stock chart

3. Advaxis Inc. (NASDAQ: ADXS)

Shares of Advaxis briefly traded above $1 this year but like many stocks last quarter, shares slid in late February and March. The last week has seen somewhat of a sideways trend in ADXS stock. Shares have maintained a level of support above $0.69.

Advaxis recently presented a corporate overview at the Benzinga Biotech Small-Cap Conference last week. One of the things that the market is likely seeking details on is the state of the company’s ADXS 503 treatment. It had expanded enrollment in the ADXS-503 HOT program to explore the potential to enhance or restore sensitivity to checkpoint inhibitors. In a Phase 1/2 trial, data presented showed a disease control rate of 67% and an overall response rate of 17% in the first 6 patients able to be evaluated. These patients had immediate or prior progression on Merck’s (NYSE: MRK) KEYTRUDA treatment.

Something to look for in addition to further details on ADXS-503 will be information on its ADXS-504 platform. The company is planning to expand into prostate cancer with ADXS-504 and aims to provide study updates “in the coming months.” That’s according to comments made in a recent quarterly update in March.

penny stocks to buy under $1 on Robinhood Advaxis Inc. ADXS stock chart

4. Acasti Pharma Inc. (NASDAQ: ACST)

We had someone comment in March, looking for biotech penny stocks on Robinhood under $1. Acasti is the third name on this list of penny stocks to fall under that umbrella. The company has actually been looking at strategic alternatives for the last few months. Last year, its CaPre treatment had missed the mark in a pivotal trial, which sent shares plummeting. However, since then, the focus has remained on capitalizing its business and positioning the company properly to drive shareholder value.

What does that mean right now? That means Acasti has been raising money and a lot of it. This is now into the tens of millions of dollars to “provide additional flexibility” in its current review process exploring strategic alternatives.

With this in mind, I think that speculation is one of the main drivers in the stock market today. There haven’t been many other updates from the company. Nor has it filed much more than an 8-K within the last 30 days. But given that it is pursuing strategic alternatives, it could remain a stock to watch for the time being.

penny stocks to buy under $1 on Robinhood Acasti Pharma Inc. ACST stock chart

5. Synthetic Biologics Inc. (NYSE: SYN)

Finally, Synthetic Biologics is on this list of penny stocks on Robinhood under $1 after some recent milestones from the company and the market. First, this week Synthetic announced that enrollment has commenced, and six study participants were dosed in a Phase 1a single-ascending dose clinical trial of SYN-020 intestinal alkaline phosphatase. This now paves the way for potential updates on interim data read-outs to look out for and any other information related to this study. Biotech companies are well-known for doing things like this, and beginning enrollment is the first step. SYN-020 is intended to treat both local gastrointestinal and systemic diseases.

Steven A. Shallcross, Chief Executive and Financial Officer, explained, “In the U.S. alone, prevalent cases of celiac disease are expected to increase to 4.3 million by 2023, representing a significant market opportunity for a highly differentiated product such as SYN-020. We look forward to announcing topline results from this study as well as commencing a multiple-ascending dose study of SYN-020 anticipated during the third quarter of 2021.”

So now we’ve got a little timing to incorporate it into the research process. The third quarter is when Synthetic expects top-line results and to begin a multiple ascending dose study. On top of this, the market has apparently grown more bullish, with analysts like Maxim upgrading their rating on the company. The firm boosted SYN from Hold to Buy and set a price target of $2.50.

penny stocks to buy under $1 on Robinhood Synthetic Biologics SYN stock chart

Penny Stocks & Risk/Reward

All penny stocks on this list are trading for less than $1 right now. So, yes, you can buy these for pennies. But just because they’re “cheap,” are they worth the risk. In general, when you’re talking about lower-priced stocks, even a small fluctuation can mean larger percentage changes. This works for bullish and bearish moves. So before you decide to buy penny stocks like these, weigh the risk-reward of the trade.

The post 5 Penny Stocks You Can Buy For Under $1 On Robinhood appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

Published

on

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

Read More

Continue Reading

Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

Published

on

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

Read More

Continue Reading

Spread & Containment

The Coming Of The Police State In America

The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now…

Published

on

The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now patrolling the New York City subway system in an attempt to do something about the explosion of crime. As part of this, there are bag checks and new surveillance of all passengers. No legislation, no debate, just an edict from the mayor.

Many citizens who rely on this system for transportation might welcome this. It’s a city of strict gun control, and no one knows for sure if they have the right to defend themselves. Merchants have been harassed and even arrested for trying to stop looting and pillaging in their own shops.

The message has been sent: Only the police can do this job. Whether they do it or not is another matter.

Things on the subway system have gotten crazy. If you know it well, you can manage to travel safely, but visitors to the city who take the wrong train at the wrong time are taking grave risks.

In actual fact, it’s guaranteed that this will only end in confiscating knives and other things that people carry in order to protect themselves while leaving the actual criminals even more free to prey on citizens.

The law-abiding will suffer and the criminals will grow more numerous. It will not end well.

When you step back from the details, what we have is the dawning of a genuine police state in the United States. It only starts in New York City. Where is the Guard going to be deployed next? Anywhere is possible.

If the crime is bad enough, citizens will welcome it. It must have been this way in most times and places that when the police state arrives, the people cheer.

We will all have our own stories of how this came to be. Some might begin with the passage of the Patriot Act and the establishment of the Department of Homeland Security in 2001. Some will focus on gun control and the taking away of citizens’ rights to defend themselves.

My own version of events is closer in time. It began four years ago this month with lockdowns. That’s what shattered the capacity of civil society to function in the United States. Everything that has happened since follows like one domino tumbling after another.

It goes like this:

1) lockdown,

2) loss of moral compass and spreading of loneliness and nihilism,

3) rioting resulting from citizen frustration, 4) police absent because of ideological hectoring,

5) a rise in uncontrolled immigration/refugees,

6) an epidemic of ill health from substance abuse and otherwise,

7) businesses flee the city

8) cities fall into decay, and that results in

9) more surveillance and police state.

The 10th stage is the sacking of liberty and civilization itself.

It doesn’t fall out this way at every point in history, but this seems like a solid outline of what happened in this case. Four years is a very short period of time to see all of this unfold. But it is a fact that New York City was more-or-less civilized only four years ago. No one could have predicted that it would come to this so quickly.

But once the lockdowns happened, all bets were off. Here we had a policy that most directly trampled on all freedoms that we had taken for granted. Schools, businesses, and churches were slammed shut, with various levels of enforcement. The entire workforce was divided between essential and nonessential, and there was widespread confusion about who precisely was in charge of designating and enforcing this.

It felt like martial law at the time, as if all normal civilian law had been displaced by something else. That something had to do with public health, but there was clearly more going on, because suddenly our social media posts were censored and we were being asked to do things that made no sense, such as mask up for a virus that evaded mask protection and walk in only one direction in grocery aisles.

Vast amounts of the white-collar workforce stayed home—and their kids, too—until it became too much to bear. The city became a ghost town. Most U.S. cities were the same.

As the months of disaster rolled on, the captives were let out of their houses for the summer in order to protest racism but no other reason. As a way of excusing this, the same public health authorities said that racism was a virus as bad as COVID-19, so therefore it was permitted.

The protests had turned to riots in many cities, and the police were being defunded and discouraged to do anything about the problem. Citizens watched in horror as downtowns burned and drug-crazed freaks took over whole sections of cities. It was like every standard of decency had been zapped out of an entire swath of the population.

Meanwhile, large checks were arriving in people’s bank accounts, defying every normal economic expectation. How could people not be working and get their bank accounts more flush with cash than ever? There was a new law that didn’t even require that people pay rent. How weird was that? Even student loans didn’t need to be paid.

By the fall, recess from lockdown was over and everyone was told to go home again. But this time they had a job to do: They were supposed to vote. Not at the polling places, because going there would only spread germs, or so the media said. When the voting results finally came in, it was the absentee ballots that swung the election in favor of the opposition party that actually wanted more lockdowns and eventually pushed vaccine mandates on the whole population.

The new party in control took note of the large population movements out of cities and states that they controlled. This would have a large effect on voting patterns in the future. But they had a plan. They would open the borders to millions of people in the guise of caring for refugees. These new warm bodies would become voters in time and certainly count on the census when it came time to reapportion political power.

Meanwhile, the native population had begun to swim in ill health from substance abuse, widespread depression, and demoralization, plus vaccine injury. This increased dependency on the very institutions that had caused the problem in the first place: the medical/scientific establishment.

The rise of crime drove the small businesses out of the city. They had barely survived the lockdowns, but they certainly could not survive the crime epidemic. This undermined the tax base of the city and allowed the criminals to take further control.

The same cities became sanctuaries for the waves of migrants sacking the country, and partisan mayors actually used tax dollars to house these invaders in high-end hotels in the name of having compassion for the stranger. Citizens were pushed out to make way for rampaging migrant hordes, as incredible as this seems.

But with that, of course, crime rose ever further, inciting citizen anger and providing a pretext to bring in the police state in the form of the National Guard, now tasked with cracking down on crime in the transportation system.

What’s the next step? It’s probably already here: mass surveillance and censorship, plus ever-expanding police power. This will be accompanied by further population movements, as those with the means to do so flee the city and even the country and leave it for everyone else to suffer.

As I tell the story, all of this seems inevitable. It is not. It could have been stopped at any point. A wise and prudent political leadership could have admitted the error from the beginning and called on the country to rediscover freedom, decency, and the difference between right and wrong. But ego and pride stopped that from happening, and we are left with the consequences.

The government grows ever bigger and civil society ever less capable of managing itself in large urban centers. Disaster is unfolding in real time, mitigated only by a rising stock market and a financial system that has yet to fall apart completely.

Are we at the middle stages of total collapse, or at the point where the population and people in leadership positions wise up and decide to put an end to the downward slide? It’s hard to know. But this much we do know: There is a growing pocket of resistance out there that is fed up and refuses to sit by and watch this great country be sacked and taken over by everything it was set up to prevent.

Tyler Durden Sat, 03/09/2024 - 16:20

Read More

Continue Reading

Trending