Robinhood Markets, Inc. is a trading platform that does not charge commissions. Traders can use the app to buy fractional shares of companies and exchange-traded funds (ETFs). Robinhood also functions as a bitcoin trading platform. Robinhood Markets, Inc. was formed in 2013, and by the end of the second quarter of 2021, it had expanded to 22.5 million funded accounts. In the same period last year, the company’s assets under custody increased by 205 percent to $102 billion.
Here is Insider Monkey’s list of the 10 best Robinhood stocks under $20. The company, established in 2013, manufactures and sells recreational and medical cannabis and CBD products. OrganiGram Holdings Inc. announced a -$0.01 EPS in the third quarter of fiscal 2021, exceeding predictions by $0.02. Ideanomics, Inc. is ranked 9th. The fintech company based in New York provides financial services to encourage the adoption of electric automobiles. In the second quarter, the company’s revenue was $33.22 million, up 608 percent year over year. Sundial Growers Inc. sells adult-use cannabis-infused inhalables and vapes. The company’s market capitalization is $1.5 billion. After the second quarter of 2021, 10 hedge funds in Insider Monkey’s database had positions totaling $76.5 million. FuelCell Energy, Inc. is a company that manufactures and sells fuel cell power systems in the United States, England, Switzerland, Germany, and South Korea. In the fiscal third quarter, the company’s revenue was $26.82 million, up 43 percent year over year. BlackBerry Limited is ranked sixth. The Canadian firm specializes in cybersecurity software for business applications. BlackBerry Limited posted a -$0.05 EPS in the first quarter of fiscal 2022. For more details, click 10 Best Robinhood Stocks Under $20.
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