5 Cheapest Stocks on Robinhood

4. Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO)

Number of Hedge Fund Holders: 10 
Price as of August 1, 2021: $2.02 

Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) is placed fourth on our list of 10 cheapest stocks on Robinhood. The stock has returned 61% to investors over the past twelve months. The company is based in Ohio and focuses on the development of treatments for ocular disease and vascular stabilization. In earnings results for the first quarter, posted on May 17, the firm reported earnings per share of -$0.09, beating market predictions by $0.01. The cash and cash equivalents over the period were $39 million. 

On July 8, investment advisory HC Wainwright upgraded Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) stock to Buy from Neutral with a price target of $22, highlighting that the firm was on a path to be a self-sustaining commercial enterprise. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm OrbiMed Advisors is a leading shareholder in Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) with 5.1 million shares worth more than $6.7 million.