Disclaimer: I am not a financial investing expert, investing expert or anything like that. I’m also not recommending that you purchase any of the stocks I’m about to discuss. Everything in this article is solely my opinion and should not be taken as advice! Furthermore, I own or have owned these stocks.
With all that said, let’s talk about some of the cheap stocks on Robinhood for the month of January. Some of the cheap stocks I am a fan of and keeping my eye on are:
1. Vital Therapies Inc
Honestly, I don’t even remember how I came across VTL. I know it was a few months ago. Anyways, the stock was worth a few dollars for the longest time (a few years) before dropping below a dollar in September 2018.
One of the reasons VTL went down is because its liver disease treatment ended up not meeting the company’s main goal. That goal was to improve the survival rate of those with liver disease.
2. Synergy Pharmaceuticals
A few weeks ago, Synergy Pharmaceuticals (SGYP) was at around 8 cents per share and at the time of this writing it’s up to 42 cents. In all honesty, I bought this stock when I thought it was on an uptrend and it turned out I got lucky because it seems that it is still moving upwards. Of course, that can change at any given time, as it can with any stocks.
Another cheap stock on Robinhood is InspireMD, or NSPR. I bought this stock on Robinhood back in August and September at around 18 cents. Fast forward to January 2019, it is currently at 19 cents. Obviously it’s not a huge increase or anything to get too excited about, but hey one day it might go back up to over a dollar.
Why Did I Purchase Those Particular Stocks
Personally, I bought the above three cheap stocks on Robinhood because. . . well, because they were cheap. Of course I did a little bit of research on them before I made a decision too. Also, at the time it looked like they were on an uptrend on the day I decided to buy them.
What Do I Think About Those Cheap Stocks Now
Personally, I think VTL is going to see huge gains in the future. I don’t think it’ll be anytime soon, but maybe by the end of the year it will hit the dollar mark. It kind of depends on what the company decides to do within the next year.
As for SGYP, it has made decent gains and I think the trend will continue for another good month or so.
InspireMD, I don’t really have any predictions for it. Within the last three months, there haven’t been any huge increases and decreases (in my opinion). It may very well remain stable for the next three months.
I’m not really sure if I’ll be buying up more of those stocks. If I do, it’ll most likely be SGYP and VTL. But, I will be keeping an eye on InspireMD throughout the year.
Those were my favorite cheap stocks for the month of January. As previously mentioned, I’m not recommending you buy them or research them or anything like that.
In The News
For anyone that is interested, below are a few links to recent news articles about the three cheap stocks I’m a fan of for the month of January. The links are:
The Ripon Advance (news related to VTL)
Stock News Stop (article related to InspireMD)
Financial Mercury (article related to SGYP)
Remember, only invest what you can afford to lose. Do not invest money into stocks or anything for that matter if you cannot afford to lose cash.