5 Cheapest Stocks on Robinhood

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In this article, we discuss the 5 cheapest stocks on Robinhood. If you want to read our detailed analysis of these stocks, go directly to the 10 Cheapest Stocks on Robinhood.

5. Outlook Therapeutics, Inc. (NASDAQ: OTLK)

Number of Hedge Fund Holders: 11
Price as of August 1, 2021: $2.26 

Outlook Therapeutics, Inc. (NASDAQ: OTLK) is a New Jersey-based clinical-stage biopharma company. It is ranked fifth on our list of 10 cheapest stocks on Robinhood. The company’s shares have returned 66% to investors over the past year. The firm concentrates on developing monoclonal antibodies for ophthalmic indications. It was founded in 2010 and has a market cap of close to $400 million. The company recently joined the Russell 2000 Index, a milestone that will improve the visibility of the firm to investors. 

In earnings results for the second fiscal quarter, posted on May 14, Outlook Therapeutics, Inc. (NASDAQ: OTLK) reported earnings per share of -$0.09, just missing market predictions by $0.01. The cash and cash equivalents over the period were $37 million. 

At the end of the first quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $5.2 million in Outlook Therapeutics, Inc. (NASDAQ: OTLK), up from 9 the preceding quarter worth $835,000.

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