Here’s how to find and purchase penny stocks on Robinhood using its different screeners and trending lists.
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Robinhood provides curated lists of stocks under the Trending Lists section of the platform. Unfortunately, penny stocks isn’t one of them. To find the best penny stocks on Robinhood, you’ll need to play with some filters:
Use this same process to find penny stocks on Robinhood’s curated lists. Select any list and rearrange the stocks in ascending order. You may see repeat stocks across the different lists, but this gives you a way to filter penny stocks on Robinhood.
If you follow the instructions on this page, you’ll populate a list of over 250 penny stocks on Robinhood that will update as market prices change. Further filter the stocks on this list by sorting by price, one day percentage change, volume or market cap.
The following penny stocks currently trade on Robinhood under $5 as of February 2025, have analyst recommendations of Buy, have a market cap of under $300 million and have over 1 million in average volume for liquidity. Stocks are sorted by average volume.
| Stock | Year-to-date performance | Learn more |
|---|---|---|
| Biomerica (BMRA) | 243.22% | |
| Society Pass (SOPA) | 239.64% | |
| Invivyd (IVVD) | 219.34% | |
| Lottery.com (LTRY) | 215.27% | |
| The Oncology Institute (TOI) | 214.56% |
Source: Finviz. Performance accurate as of February 19, 2025.
Penny stocks require diligent research, and even then, they can be volatile and unpredictable. It’s essential to approach them with a clear strategy and a willingness to accept potential losses.
Yes, it’s possible to day trade penny stocks on Robinhood. But Robinhood margin account holders like Robinhood Instant accounts can only execute up to three day trades in a five trading day period.
A day trade is any security that is bought and sold on the same trading day. But day trading is a highly risky trading method. To execute a profitable day trade, you must be able to competently wield numerous trading strategies alongside a robust understanding of the market you plan to trade in.
The Pattern Day Trading rule is set by the Financial Industry Regulatory Authority (FINRA) and governed by the SEC, and applies to all US brokers. According to the rule, margin account holders are limited to three day trades within a five trading day period, unless they have at least $25,000 of portfolio value at the end of the previous day.
Robinhood account holders who place more than three day trades within a five-day trading period will be flagged as a pattern day trader (PDT). If this happens, you can’t place any day trades for 90 days unless you bring your account value above $25,000.
Keep track of how many day trades you’ve made by scrolling down to the Day Trades section from within the the Investing page of your Account.
Yes, you can day trade by downgrading your margin-enabled account to a cash account. Robinhood cash account holders can trade stocks, exchange-traded products (ETPs) and options without day trade restrictions.
Here’s how to switch to a Robinhood cash account via mobile app:
Even with all the right tools at their disposal, day traders often face sizable losses. And Robinhood isn’t well-equipped to cater to this style of trading. Robinhood has recently improved its advanced charting capabilities, but it still lags behind competitors like Charles Schwab or even Webull in terms of advanced charting and analysis tools. Without these advanced tools and indicators, day trading penny stocks on Robinhood could lead to uninformed trades that result in crippling losses.
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Robinhood offers access to more than 250 penny stocks, but the selection is limited to US exchange-listed penny stocks and specific penny stocks that trade over-the-counter (OTC). As of February 2025, Robinhood supports over 300 American Depository Receipts (ADRs) that trade on the OTC market. Of those, we counted 59 ADRs that trade for under $5 per share.
Selling penny stocks can be hard if that particular penny stock lacks liquidity, which means it trades infrequently.
OTC penny stocks are stocks sold through the electronic OTC Bulletin Board (OTCBB) or on the OTC Link market instead of through a publicly traded exchange like the Nasdaq or NYSE.
Robinhood offers decent access to penny stocks. As of February 2025, Robinhood offers access to over 250 penny stocks.
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