In one of the most anticipated initial public offerings of the year, Robinhood Markets, Inc. went public. The IPO of Robinhood was a flop by last year’s standards, but it was a landmark moment for the fintech industry. Robinhood Markets, Inc. has a user base of over 22 million people, with over 17 million of them using the platform on a monthly basis. By the end of 2021, the average revenue per user had risen from roughly $67 in 2019 to $137. Users of Robinhood Markets, Inc. are putting their money into lower-cost stocks. Tesla, NIO, Amazon.com, Apple, and Ford Motor Company are among the most popular stocks. A Robinhood Markets user’s average age is roughly 30.
Here is Insider Monkey’s list of the 10 cheapest stocks on Robinhood. Senseonics Holdings, Inc. is ranked tenth. Over the last year, the stock has returned 542 percent to investors. Senseonics is well-liked by retail investors, who have fueled the stock’s rise. Broadway Financial Corporation is the seventh cheapest stock on Robinhood, according to our ranking. Over the previous year, investors received a 74 percent return on their investment in the company’s stock. It was created in 1946 and currently has a market capitalization of more than $114 million. Over the last year, investors have received an 186 percent return on their investment in VistaGen Therapeutics, Inc. The company is a biopharmaceutical company that focuses on the discovery of therapies for anxiety, depression, and other brain illnesses. Exela Technologies, Inc. is the sixth cheapest stock on Robinhood, according to the ranking. Over the last year, investors have received a 71 percent return on their investment in the company’s stock. It offers enterprise information technology solutions. Exela Technologies, Inc. is rated seventh. Over the last year, the company’s stock has returned 71% to investors. It is a company that supplies businesses with IT solutions. For more details, click 10 Cheapest Stocks on Robinhood.