What are the best penny stocks on Robinhood to buy now?

Investing in penny stocks can be a high-risk, high-reward strategy for investors. Penny stocks are stocks that trade for less than $5 per share, and they are often associated with small companies that may not have a proven track record or stable financials. However, if you do your research and find the right penny stocks to invest in, you could potentially see significant returns.

So, what are the best penny stocks on Robinhood to buy now? Here are a few options to consider:

1. Genius Brands International Inc. (GNUS)

Genius Brands International Inc. is a children's media company that creates and licenses animated content. The company recently launched its own streaming platform, Kartoon Channel!, which has gained popularity among families. With the pandemic forcing more people to stay home and look for entertainment options, GNUS could see continued growth.

2. Nokia Corporation (NOK)

Nokia Corporation is a telecommunications equipment company that has recently made headlines for its involvement in the development of 5G technology. The company has also been expanding its presence in the healthcare technology sector. With the potential for continued growth in these areas, NOK could be a solid long-term investment.

3. Zomedica Pharmaceuticals Corp. (ZOM)

Zomedica Pharmaceuticals Corp. is a veterinary diagnostic and pharmaceutical company that has seen significant growth in recent months. The company has been developing diagnostic products for pets, including a test for detecting COVID-19 in dogs and cats. With the pet industry continuing to grow and more people adopting pets during the pandemic, ZOM could be a strong investment opportunity.

When investing in penny stocks, it's important to do your research and understand the risks involved. Many penny stocks are associated with small companies that may not have a stable financial history or proven track record. It's also important todiversify your portfolioand not invest all your money into one stock.

One strategy for investing in penny stocks is to look for companies with strong growth potential in emerging industries. For example, companies involved in renewable energy or healthcare technology could see significant growth in the coming years.

Another strategy is to look for penny stocks that have a low debt-to-equity ratio. This can indicate that the company is financially stable and not over-leveraged.

Overall, investing in penny stocks can be a high-risk, high-reward strategy. It's important to do your research and understand the risks involved before making any investment decisions. However, if you find the right penny stocks to invest in, you could potentially see significant returns.