Summary: Our society is increasingly embracing automation due to greater efficiency, streamlining, and optimization offered by robotics solutions in virtually every branch of industry. The growing market is just one of the reasons why automation companies remain lucrative to investors across the board, and this guide will showcase some of the best robotics penny stocks to buy in 2024 using a regulated brokerage like Interactive Brokers.
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What are robotics penny stocks?
Robotics stocks are shares in companies that develop and produce innovative automation solutions and products, including industrial, surgical, and consumer robots for various applications.
Since we inevitably progress towards greater automation, there is an ever-rising demand for technological solutions and cutting-edge systems with numerous applications. Furthermore, novel robotics products tend to beat human capabilities, which is indispensable in certain areas, such as artificial intelligence, surgery, and heavy industry.
Robotics penny stocks have much lower market capitalization and share price than their larger counterparts. These stocks allow you to invest in the robotics sector without requiring a significant starting budget. Furthermore, robotics penny stocks that succeed and expand within the industry tend to reward their initial investors highly. However, these penny stocks are markedly more volatile and remain vulnerable to market fluctuations.
Additionally, the exponentially growing demand for novel automation systems makes robotics penny stocks an attractive opportunity for growth-oriented investors.
5 best robotics penny stocks
We will highlight the best robotics penny stocks based on their stock price, financial performance, and growth potential. These are:
- Lantronix (Nasdaq: LTRX);
- Kraken Robotics (TSX: PNG);
- Helix Energy Solutions (NYSE: HLX);
- Aurora (Nasdaq: AUR);
- Accuray (Nasdaq: ARAY).
Best Platform for Worldwide Stock Trading & Investing
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Highly trusted multi-asset broker with clients in over 200 countries
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Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
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Low commissions starting at $0 with no platform fees or account minimums
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Easily fund your account and trade assets in 26 currencies
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IBKR pays up to 4.58% interest on cash balances of $10k or more
1. Lantronix (LTRX)
Lantronix, Inc. (Nasdaq: LTRX) is a global software solutions company specializing in software as a service (SaaS), engineering services, connectivity services, intelligent hardware, and turnkey solution systems within the Internet of Things (IoT) and remote environment management (REM) domains.
Focusing on intelligent solutions, Lantronix strives to tackle issues such as smart cities, connected healthcare, and transportation. Its extensive portfolio includes artificial intelligence, video collaboration, edge computing, and Industry 4.0 advancements. The company has established a presence in the robotics market by acquiring Intrinsyc Technologies in 2020.
LTRX stock price today
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2. Kraken Robotics (PNG)
Kraken Robotics Inc. (TSX: PNG) is a marine technology company specializing in developing and producing advanced submarine sensors, batteries, and uncrewed underwater vehicles with commercial and military applications. Its trademark product is cutting-edge seabed imaging technology with ultra-high resolution and substantial coverage.
Formerly known as Kraken Sonar, Kraken Robotics is acknowledged as a world-leading marine technology innovator, making its shares a viable robotics penny stock. Devoted to sustainability, it allows its partners to tackle previously unreachable parts of the ocean safely and efficiently. The company is based in Mount Pearl, Canada.
PNG stock price today
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3. Helix Energy Solutions (HLX)
Helix Energy Solutions Group, Inc. (NYSE: HLX) is an international offshore services company in the offshore energy industry. It focuses on robotics, well intervention, and decommissioning operations.
The company’s trademark products are remotely operated vehicles (ROVs) that assist in well interventions and constructing offshore oil and natural gas facilities. Its operations include Brazil, the Gulf of Mexico, the East Coast, the North Sea, Asia Pacific, and West Africa. Helix Energy Solutions was founded in 1979 as Cal Dive International, changing its name in 2006. It is based in Houston, Texas, and is a potentially attractive robotics penny stock to buy this year.
HLX stock price today
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4. Aurora (AUR)
Aurora Innovation, Inc. (Nasdaq: AUR) is a robotics company dedicated to self-driving technology and systems, with a particular focus on safety, speed, and transport accessibility. Its feature product, Aurora Driver, represents a platform with a suite of self-driving software, hardware, and data services for interconnecting smaller commercial vehicles, passenger cars, and trucks.
Aurora’s portfolio also includes Aurora Horizon and Aurora Connect, representing driver-as-a-service freight logistics and ride-hailing services. Furthermore, the company collaborates with transportation and automotive companies, including Toyota, FedEx, Volvo, Uber, Schneider, and Ryder. Founded in 2017, Aurora is headquartered in Pittsburgh, Pennsylvania.
AUR stock price today
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5. Accuray (ARAY)
Accuray Inc. (Nasdaq: ARAY) is a medical robotics company specializing in designing, developing, and manufacturing radiosurgery and radiation therapy systems used in treating tumors. Its products are used worldwide, from North and Latin America to Australia, New Zealand, Europe, the Middle East, and Asia.
Accuray’s portfolio includes CyberKnife, a robotic stereotactic surgery and radiation treatment system, TomoTherapy, and the Radixact, an integrated ultra-precise radiation therapy management and optimization system. The company was established in 1990 with headquarters in Madison, Wisconsin.
ARAY stock price today
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Where to buy robotics penny stocks
You can easily invest in robotics penny stocks in a few simple steps and within minutes. Our recommended choice for this is a regulated investing service called Interactive Brokers (IB):
- Commission-free stock trading;
- Global stock-trading on 90+ market centers;
- Fractional shares available;
- Extra income on fully paid shares;
- Lowest financing rates for margin accounts in the industry;
- No account minimum.
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
For more investing options in the robotics industry, consider the following guides:
- Top Robotics Companies to Invest in;
- Medical Robotics Stocks to Buy;
- How to Buy PTC Stock;
- How to Buy ABB Stock;
- How to Buy Teradyne Stock;
- How to Buy Zebra Technologies Stock;
- How to Buy Rockwell Automation Stock;
- How to Buy Miso Robotics Stock;
- How to Buy Boston Dynamics Stock.
Pros and cons of buying robotics penny stocks
Pros
- Early entry and growth potential: Robotics penny stock can experience significant increase in value due to market price fluctuations. Also, getting early access to the growing robotics market provides potential for long-term growth for investors;
- Innovation potential: Robotics penny stocks usually represent small companies with disruptive technologies that could radically reshape the market and lead to substantial growth;
- Diversification: Adding robotics penny stocks to your portfolio can diversify your investments, allowing for better risk management across different sectors;
- Efficiency and cost reduction: Many industries embrace robotics and automation to improve efficiency and safety and reduce costs. Companies utilizing robotics can experience increased productivity, leading to potential financial gains.
Cons
- High risk: Penny stocks tend to be very speculative and highly volatile, with a greater risk of price manipulation and fraud. Carefully research the stock before investing;
- Dependency on innovation: The success of robotics penny stocks is bound to technological advancements. If there are delays or obstacles in technological progress for any reason, the performance of these companies will likely falter;
- Lack of information: Robotics penny stocks may lack usable financial data, making it difficult to research the feasibility of your investment;
- Financial stability: Small robotics companies associated with penny stocks may suffer from lack of the financial stability of established or blue-chip companies, increasing the risk of bankruptcy.
Common mistakes to avoid when investing in robotics penny stocks
Make sure to avoid these common investing mistakes:
- Lack of research: Research these robotics penny stocks in detail, along with the general state of the robotics and automation sector, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals;
- Fear of missing out: If the numbers do not add up, do not make the investment: it is better to miss out than lose money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about investing in robotics penny stocks
What are robotics penny stocks?
Robotics penny stocks represent shares in smaller robotics companies that develop and produce innovative automation solutions and products, with an individual share price typically under $10.
How do I invest in robotics penny stocks?
Investors can buy robotics penny stocks just like shares in any publicly traded company; you must register an account with a regulated online brokerage like Interactive Brokers, transfer some funds to your account, and purchase the stock.
Are robotics penny stocks a good investment for beginners?
While robotics penny stocks boast lucrative potential returns, they pose more risk than regular stocks and might be too risky for rookie investors. Make sure you understand the risks before investing.
Is investing in robotics penny stocks safe?
By doing your research, making solid investing decisions, and using a regulated brokerage like Interactive Brokers, you maximize the safety and success chance of your investment.
What are the best robotics penny stocks right now?
Our selection of best robotics penny stocks to invest in right now includes Lantronix (LTRX), Kraken Robotics (PNG), Helix Energy Solutions (HLX), Aurora (AUR), and Accuray (ARAY).
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
