Are you interested in finding the top Webull penny stocks?
There is good news! Here are some of the best Webull penny stocks you should consider investing in.
Penny Stocks to Buy on Webull
XpressSpa Group, Inc. (NASDAQ: XSPA)
XpresSpa is your best bet for investing in Webull spa business penny stocks. Spa treatments, luxury travel goods, and a wide variety of accessories are all available from XpresSpa Group, Inc.’s many sites across the globe.
The firm operates 57 airport spas throughout 23 major worldwide airports, plus one spa in the Westfield World Trade Center, situated in New York City.
The firm has been working with the CDC as of September 2021. Initially, it was just for a three-month contract, but it was recently extended. It received a grand sum of $5.6 million as a result.
Also, it recently disclosed that its Board of Directors has authorized an increase of ten million shares in its existing stock buyback program and has extended it until September 15, 2023.
This further demonstrates the company’s robust financial standing and capacity to invest in XpresTest’s future expansion. The value of a penny company like XpresSpa Group, Inc. may rise if disease screening and fewer regulations were implemented.
Enthusiast Gaming Holdings Inc. (NASDAQ: EGLX)
Another Webull penny stock to watch is Enthusiast Gaming Holdings Inc. The firm, headquartered in Canada, currently produces media and eSports-related material.
Increasing sales during the year’s slowest period is an encouraging sign for the remainder of the year.
Examples include a rise in profits from the first quarter of 2021 ($30.0 million) to the second quarter ($47.2 million), a rise of 57%. Year-over-year revenue growth may be attributed to rising content consumption as well as the purchase and development of Addictive Games and U.GG assets.
In addition, EGLX reached a major milestone this year, becoming one of the top 40 online sites in the United States in terms of monthly US views after passing 1 billion. EGLX has shown no signs of slowing down with its acquisition and ongoing expansion.
Opko Health, Inc. (NASDAQ: OPK)
The United States, Chile, Spain, and Mexico are just a few places where Opko Health Inc. works. The corporation offers goods and services for the healthcare sector on a global scale, including diagnostic testing and pharmaceuticals.
OPKO Health’s cash and equivalents were $102.3 million at the end of the first quarter of 2022, down from $134.7 million at the end of 2021.
Penny stocks or not, healthcare is an area ripe with opportunities for new, beneficial developments.
Ocean Power Technologies, Inc. (NASDAQ: OPTT)
To reach a wider audience, Ocean Power has joined up with robotics and software developer Fathom5. Integration of the 3Dent Technology, Inc. acquisition from 2021 continues as the firm works toward its goal of expanding its MDA scoping and subscription business.
In addition, the quarter after OPTT’s purchase of Marine Advanced Robotics (MAR) before 2021 concluded added $257,000 to the company’s quarterly revenue.
OPTT’s stock has risen dramatically over the last year thanks to rising demand for renewable energy, so if you want to trade penny stocks on Webull in the renewable energy industry, you should keep a watch on this company.
ATA Creativity Global (NASDAQ: ADR)
Formerly known as ATA Inc., ATA Creativity Global is a Chinese corporation that provides students attending its many training facilities with a variety of educational and computer-based assessment services. Gains in the portfolio training and international student counseling service segments drove overall revenue growth in the first quarter of 2022, helping the corporation maintain its trend of decreasing losses.
Although the number of students attending the university rose, the number of available credit hours did not change much. Specifically, first-quarter 2022 student enrolment climbed by 3.4% year-over-year to 997, from 964.
There were 537 participants in ACG’s portfolio training sessions. About 27,494 credit hours were offered in Q1 2022, down slightly from Q1 2021’s 27,865.
ATA Creativity Global is continuing to put money into improving its IT infrastructure and developing new solutions, which might increase the value of the business in the long run.
Talkspace Inc. (NASDAQ: TALK)
Our top selection for a penny stock on Webull combines cutting-edge medical research with cutting-edge technology, making it a company with both immediate and long-term value. For example, the software firm Talkspace Inc. operates a web-based treatment platform where users may engage in sessions with licensed therapists.
Growing anxiety about mental health as a result of the epidemic is good news for businesses like Talkspace, which provide helpful health services. Demand for the firm’s B2B services drove revenue growth in Q1 2022, offsetting a slight decrease in consumer spending.
Talkspace’s B2C segment started showing modest growth in several operational KPIs due to efforts to leverage our marketing budget better.
There was a 10% rise in active members, to over 64,500, and a 54 percent rise in the number of B2B qualifying lives, to over 76.5 million. Consequently, last quarter’s sales rose by 23% to $26.4 million. With more people turning to the internet for medical advice, this company’s stock might be in a good position.
InspireMD, Inc. (NASDAQ: NSPRZ) (NASDAQ: NSPRZ)
InspireMD’s MicroNet stent technology offers potential avenues for treating vascular and cardiac disorders.
Due to the increased demand, CGuard was able to sell 1,910 stent systems in the first quarter, resulting in a 20% increase in revenue to $1,161,000. In addition, the total amount of cash and short-term investments disclosed by the firm was $37.1 million.
And because of the increased visibility and liquidity it offers, the firm has decided to list its common stock and warrants on the Nasdaq Capital Market.
Stocks in the Webull To Buy With Less than $10
Webull does see stocks that trade for less than 10 cents but don’t usually stick around for long. However, the platform has tougher rules for trading equities in the penny stock bracket, so you may want to explore elsewhere.
OTC stocks are available via Fidelity, giving you more options.
Some Advice on Penny Stocks
For some investors, the cheap cost per share and huge potential for profit make penny stocks an attractive option. This does not suggest you rush out and invest in penny stocks.
Trading penny stocks have a high degree of risk and are not suitable for all investors. While profits are possible, it’s also easy to lose money if you don’t do your research.
It would help if you were prepared to undertake your own research into the firms on our Webull penny stocks list, as you would with any stock market investment.
Discovering Cheap Stocks on Webull
You may use Webull’s search function to locate penny stocks by narrowing your results to those priced at $5 or less. Webull is a specialized trading platform. It provides additional tools for locating stocks. Some of their rivals don’t even give you the option to narrow your search by cost.
The following stage is accessible if you have identified a publicly traded firm that is worth trading.
Alternative to Webull: Robinhood
Robinhood is an excellent alternative to Webull for trading penny stocks.
Although Webull and Robinhood provide many of the same features, they vary in essential respects.
The inability to short stocks is an important limitation of the Robinhood platform. However, Robinhood is easier for novices, so that it may be a good compromise.
Why Invest in Penny Stocks on Webull
If you have the stomach for the market volatility that penny stocks are renowned for, then Webull is an excellent choice.
While not every investment will yield profits on the scale of viral meme stocks, those who dedicate themselves to researching the opportunities at hand have a good chance of making a profit.
Majority of stocks in this sector are failures, and no amount of due diligence can protect your investment portfolio.
Trading penny stock might be risky. However, some calculated risks could pay off if you always invest what you can lose.