Top 7 Robinhood Penny Stocks to Watch in 2025

Penny stocks on Robinhood, typically priced at $5 or less per share, offer opportunities for traders who are building small accounts. While these stocks are affordable, they often come with higher volatility and require different strategies from those used for larger, more established stocks. For beginners, Robinhood provides a straightforward entry point into penny stock trading, thanks to its policy of no trading fees and no required minimum deposit. However, traders with more experience might consider other brokers that offer advanced features and tools for more complex trading needs.

7 Robinhood Penny Stocks To Watch

My top Robinhood penny stock watchlist picks for August 2025 — based on pattern, price action, and catalyst — include the following:

Stock Ticker	Company	Performance (YTD)
NASDAQ: SBET	Sharplink Gaming Inc
NYSE: WOLF	Wolfspeed
NASDAQ: SMCI	Super Micro Computer
AMEX: BMNR	Bitmine Immersion Technologies Inc
NASDAQ: SLDP	Solid Power Inc
NASDAQ: ABAT	American Battery Technology Co
NASDAQ: OPEN	Opendoor Technologies Inc

The penny stocks on this list are some of the craziest movers on the market …

Only trade these stocks if you have a solid plan and an understanding of the risks involved. I don’t trade until I see a setup I like.

Jump ahead to get to my trading plans for these top Robinhood penny stocks!

List of the Hottest Penny Stocks on Robinhood in August 2025

My top 7 Robinhood penny stocks to watch for August 2025 are:

• NASDAQ: SBET — Sharplink Gaming Inc — The Dip-and-Rip Ethereum News Supernova
• NYSE: WOLF — Wolfspeed — The Chip Supplier for AI Data Centers
• NASDAQ: SMCI — Super Micro Computer — The Comeback AI Stock of 2025
• AMEX: BMNR — Bitmine Immersion Technologies Inc — The New Cathie Wood Crypto Treasury Stock
• NASDAQ: SLDP — Solid Power Inc. — The Battery Stock With BMW Exposure
• NASDAQ: ABAT — American Battery Technology Co — The Former Meme Battery Stock
• NASDAQ: OPEN — Opendoor Technologies Inc. — The New Meme Stock Supernova

I try to focus on the momentum that I can see with my eyes. I’m not going to speculate on future moves.

The key is to approach every day the same. Be prepared to capitalize on volatility.

I let the trades come to me.

That’s why I’m not holding any long-term positions in these tickers.

I’m just watching these stocks. And this is one of many watchlists I maintain…

Sign up here to get my weekly watchlist each Sunday!

There’s no guarantee that any of my watchlist picks will be tradeable. But if something happens, smart traders should be ready.

Here’s some background info on Robinhood penny stocks:

• What is the most promising Robinhood penny stock?

A stock with a lot of volatility like Sharplink Gaming Inc (NASDAQ: SBET) is a good bet for the most promising Robinhood penny stock. Remember, we’re traders, not investors. We’re watching the stocks on this list for short-term moves, not predicting which of these stocks will still be around in 2030.

• What are the top 3 Robinhood penny stocks to buy now?

My top 3 Robinhood penny stocks to buy now (as long as their price action is strong) are Sharplink Gaming Inc (NASDAQ: SBET), Wolfspeed (NYSE: WOLF), and Opendoor Technologies Inc (NASDAQ: OPEN).

• Which Robinhood penny stocks have a “Strong Buy” analyst rating?

Analysts don’t give any Robinhood penny stocks “strong buy” ratings. These stocks are sketchy and unstable — you should never “invest” in them. Always trade with a plan.

Let’s get to the picks …

Best Robinhood Penny Stocks for August 2025

These are the top 7 Robinhood penny stocks to watch in August 2025…

They have a chance to catch fire…

Watch them — and don’t get burned!

Sharplink Gaming Inc (NASDAQ: SBET) — The Dip-and-Rip Ethereum News Supernova

My first Robinhood penny stock pick is Sharplink Gaming Inc (NASDAQ: SBET).

SharpLink Gaming Inc is no longer just a sports betting tech play — it’s now the Ethereum-treasury supernova bridging crypto and public markets.

Best known for performance-driven marketing solutions in the U.S. sports betting and global iGaming sectors, SBET shocked markets in late May 2025 with a bold pivot: a $425M private placement aimed at launching an Ethereum Treasury Strategy.

This wasn’t your typical PIPE deal. It featured participation from the crypto elite — Pantera, Galaxy Digital, Electric Capital, Arrington, and more. Even more eye-catching: Joseph Lubin, co-founder of Ethereum and CEO of Consensys, joined as Chairman of the Board.

SharpLink intends to hold ETH as its primary treasury reserve asset, effectively turning it into a public proxy for Ethereum exposure.

With the full backing of major blockchain players, this isn’t just narrative — it’s execution.

Why I Like It

SBET surged over 4,300%* in late May, cementing its place as a Supernova.

After cooling off, it rebounded 310%* off July lows — a rare feat that speaks to persistent speculative interest.

Read about recent SBET price action and what it means for the stock.

As crypto adoption headlines heat up again and Ethereum continues to hold relevance, SBET offers a high-volatility, low-float sympathy play tied to ETH — with the added twist of real treasury backing and leadership ties to the Ethereum core.

Here’s the trade potential:

• Bullish Scenario: A breakout over recent resistance at $40 with surging volume could ignite a second wave toward May’s highs.
• Bearish Scenario: A fade from current levels could still offer a speculative dip-buy setups into the major bounce zone of $10.

I’m watching for volume-confirmed breakouts or emotional flush entries.

Wolfspeed (NYSE: WOLF) — The Chip Supplier for AI Data Centers

My second Robinhood penny stock pick is Wolfspeed (NYSE: WOLF).

Wolfspeed is the chip supplier that’s quietly powering the AI revolution — and now it’s doing it with a cleaner balance sheet.

The company is a world leader in silicon carbide and GaN semiconductors. They’re foundational components for high-efficiency systems across AI data centers, EVs, military tech, and telecom infrastructure.

It’s the backbone behind the scenes — providing the materials and power modules that drive performance in cutting-edge hardware.

In early July 2025, Wolfspeed shocked the market by filing for Chapter 11 reorganization, aiming to eliminate $4.6B in debt. Rather than triggering panic, the move sparked a 750%* rally, making it the stock’s biggest one-day gain since the IPO.

The rationale? This is a creditor-supported reset, not a liquidation.

Majority debt-holder approval and a fast-track restructuring path targeting Q3 emergence show that investors view this as a turnaround story — not a death spiral.

Why I Like It

The restructuring frees up capital for Wolfspeed to double down on its silicon carbide production — a key input in high-demand AI and EV sectors.

Its U.S.-based fabrication corridor offers supply chain security that aligns with national priorities around semiconductor independence.

The chart is consolidating around $1.50, digesting its vertical move.

Here’s the trade potential:

• Bullish Scenario: A breakout over $2 with volume could squeeze short sellers and trigger a momentum chase back toward post-spike highs near $3.30.
• Bearish Scenario: A fade under $1.50 could offer a flush back to $1 support.

I’m watching for Chapter 11 progress, creditor votes, or volume surges.

Super Micro Computer (NASDAQ: SMCI) — The Comeback AI Stock of 2025

My third Robinhood penny stock pick is Super Micro Computer (NASDAQ: SMCI).

Super Micro isn’t done, it’s just reloading.

After a meteoric AI-fueled rise, the data center king is gearing up for another run.

In the heat of the 2023–2024 NVIDIA-led AI boom, SMCI became the go-to hardware name for scalable, high-performance AI servers. Its modular architecture and power-efficient full-rack systems made it indispensable for hyperscalers chasing next-gen compute power.

But even market darlings stumble. Accounting concerns cooled the stock’s rally, sending shares tumbling from their euphoric highs and spooking fast money.

Now, in mid-2025, SMCI is re-emerging with sharper fundamentals. Revenue is ticking higher again, major cloud partnerships are expanding, and the whisper across fund desks is that institutions are starting to reload.

Why I Like It

SMCI isn’t a hype name — it’s the real deal in AI infrastructure. The tech is legit, the demand is sticking around, and the company has already proven it can scale with the AI arms race.

It’s a classic “broken leader” setup that still owns critical mindshare in the AI buildout narrative. 

With earnings momentum returning and volume building, the next leg could be in play.

Read more: AI Stock to Watch: Why SMCI Could Skyrocket by 2026 

Here’s the trade potential:

• Bullish Scenario: A clean break above $65 on volume could ignite a trend toward gap-fill territory and eventually challenge all-time highs.
• Bearish Scenario: A pullback into the $48–$50 range may set up a second-chance dip buy as long as support holds.

The dust has settled. Now it’s all about whether SMCI can reassert itself as another hardware backbone of the AI supercycle.

Bitmine Immersion Technologies Inc (AMEX: BMNR) — The New Cathie Wood Crypto Treasury Stock

My fourth Robinhood penny stock pick is Bitmine Immersion Technologies Inc (AMEX: BMNR).

BitMine Immersion just became Cathie Wood’s newest crypto conviction — and it’s not riding Bitcoin, it’s betting big on Ethereum.

BMNR exploded 3,600%* from late June into July, propelled by a $250M private placement aimed at turning the company into one of the world’s largest ETH treasury holders. But that was before July 30, when ARK Invest disclosed a $15.2M position across its flagship ETFs (ARKK, ARKW, ARKF).

The move signals that Wood sees BitMine not just as a mining name, but as a pure-play Ethereum proxy — one that’s already holding 625,000 ETH (~$2.37 billion) and pivoting away from BTC. BitMine now claims the title of largest ETH treasury among public companies.

Backing the vision is Tom Lee of Fundstrat, who joined as Chairman and believes BitMine is at the intersection of stablecoin adoption, DeFi, and ETH-layer finance.

The company aims to control 5% of ETH supply — a moonshot, but one drawing deep-pocketed support from Founders Fund, Pantera, Galaxy, and Kraken.

Why I Like It

BMNR isn’t just another crypto miner. It’s now a full-throttle ETH treasury play backed by major TradFi and DeFi investors, institutional ETF buying, and a capital-light business model.

It’s rare to see a narrative this strong — crypto + Cathie + ETH accumulation — and this early in the reprice cycle.

Here’s the trade potential:

• Bullish Scenario: A push back above $40 could squeeze shorts and re-emphasize the bullish theory emerging behind this stock.
• Bearish Scenario: A dip past $30 support could offer a high-risk, high-reward setup if ARK adds or ETH surges.

It’s ARK-backed. ETH-heavy. And still under most traders’ radar.

Solid Power Inc. (NASDAQ: SLDP) — The Battery Stock With BMW Exposure

My fifth Robinhood penny stock pick is Solid Power Inc. (NASDAQ: SLDP).

Solid Power is quietly becoming a battery-tech juggernaut — and BMW’s latest test confirms it.

The company develops next-gen solid-state battery (ASSB) tech, aiming to leapfrog traditional lithium-ion systems with higher energy density, lower weight, and longer driving range.

It’s a moonshot sector — but SLDP is already turning science fiction into functional prototypes.

And the market is catching on. After ending 2024 with a 140%* gain, SLDP ripped through those highs in July 2025, bringing its yearly rally to 390%*.

The latest boost? BMW just began road-testing Solid Power’s large-format ASSB cells in its i7 test vehicle in Munich — marking a major milestone in their ongoing partnership.

Read more: SLDP Stock Surges as New Partnership Ignites Investor Excitement

This is one of the first real-world demos of true solid-state tech in a flagship EV, and the implications are massive.

Why I Like It

This isn’t a speculative R&D name anymore. SLDP has revenue traction, tier-one partnerships (BMW, SK On), and functional products reaching critical milestones.

Its Electrolyte Innovation Center (EIC) gives it flexibility in licensing and internal scaling, which could turn into multiple revenue streams over time.

Solid-state batteries are the holy grail for EVs. SLDP is now one of the few names proving they can deliver.

Here’s the trade potential:

• Bullish Scenario: A move above $4.50 could spark a wave of momentum as the EV/battery trade comes back into focus.
• Bearish Scenario: A breakdown toward the $2.50 zone could offer a dip-buy opportunity if BMW delivers further validation.

It’s one of the year’s best-performing EV stocks — and it’s still early in the solid-state race.

American Battery Technology Co (NASDAQ: ABAT) — The Former Meme Battery Stock

My sixth Robinhood penny stock pick is American Battery Technology Co (NASDAQ: ABAT).

American Battery Technology Co is no longer just a meme — it’s building the infrastructure for a domestic battery metal revolution.

Once jumbled in with speculative EV penny stocks, ABAT ended 2024 with a 360%* spike and hasn’t slowed down.

Here’s how ABAT is navigating this market.

In 2025, it’s now pressing toward the key $4 resistance level, testing whether this former meme name has real staying power.

What sets ABAT apart is its closed-loop model — recycling, primary resource extraction, and novel processing under one roof. With demand for lithium-ion batteries surging, ABAT tackles the core bottlenecks: security, cost, and environmental impact of battery metal supply.

The U.S. currently produces less than 1% of the world’s lithium, nickel, cobalt, and manganese — all materials deemed critical to national security.

ABAT’s domestic-first strategy is perfectly positioned to capitalize on political support for onshoring supply chains and reducing foreign dependency.

Why I Like It

This is no longer just a story about future potential. ABAT’s technology stack and vertical integration offer real scalability.

Its Reno HQ is the hub for one of the few U.S. efforts that can compete with global supply chains — while keeping environmental impact in check.

As institutional interest shifts from speculative EVs to battery infrastructure, ABAT offers the volatility and narrative strength that traders love — but with fundamentals starting to back it up.

Here’s the trade potential:

• Bullish Scenario: A breakout above $4 with strong volume could ignite a wave of retail and ESG-driven buying, targeting $5+ on momentum.
• Bearish Scenario: A rejection at resistance could offer dip-buy setups in the $2 zone, especially on news of new offtake deals or government incentives.

From meme to momentum — ABAT is back on the radar for the right reasons.

Opendoor Technologies Inc. (NASDAQ: OPEN) — The New Meme Stock Supernova

My seventh Robinhood penny stock pick is Opendoor Technologies Inc. (NASDAQ: OPEN).

Opendoor is the meme stock revival play nobody saw coming — and it just reminded the market how wild things can get.

The real estate platform spiked 800%* in July, riding a fresh wave of Reddit-fueled meme stock mania that lit up names like Krispy Kreme (DNUT), GoPro (GPRO), and Rocket Mortgage (RKT). Together, they formed the now-infamous “DORK” basket — meme tickers reborn for the TikTok era.

Read more about the insane spike from OPEN’s stock.

Truth is, these kinds of explosive moves aren’t new. We see supernovas every month in small-cap land. What is new is the mainstream media’s attention, which tells you just how strong momentum is right now. For financial outlets to declare “the meme frenzy is back” means the heat isn’t just real — it’s visible.

OPEN’s move wasn’t driven by fundamentals. It was pure narrative ignition — crowd-sourced hype, nostalgic callbacks to 2021, and even identity-driven meme fuel from its status as the first meme-runner led by a female CEO.

Why I Like It

This is the kind of stock that thrives when the right mix of sentiment, short interest, and social volume collide.

If the market continues to chase volatility, OPEN stays on the radar — whether as a leader or a sympathy laggard.

Here’s the trade potential:

• Bullish Scenario: A reclaim of $3 with volume could ignite a fresh run to the recent highs at $5.
• Bearish Scenario: A fade under the $2 range may set up emotional dip-buy scenarios — especially if another meme name pops.

The media may have just confirmed what traders already knew: momentum is back.

*Past performance does not indicate future results

Trading on Robinhood

Robinhood is a popular platform for trading penny stocks because it offers commission-free trades. However, it’s essential to understand that Robinhood has limitations, like the unavailability of certain stocks and limited research tools. In my courses, I often discuss the pros and cons of various trading platforms, including Robinhood.

Robinhood Penny Stocks Market

Robinhood does offer a range of penny stocks, but they’re limited compared to other platforms. The app is user-friendly, making it a popular choice for beginners. However, I always recommend that my students diversify their trading platforms to access a broader range of stocks.

If you’re looking for a beginner-friendly alternative, Webull offers a user-friendly platform that’s been compared to Robinhood. Known for its commission-free trades and comprehensive analytical tools, Webull can be an excellent starting point for new investors. Its intuitive interface makes it easier to manage and execute trades, while real-time market data helps in making informed decisions. However, due diligence remains key as penny stocks are notoriously volatile. For more details on how to trade penny stocks on Webull, check out my Webull penny stocks guide.

What Is a Good Penny Stock To Buy on Robinhood?

There’s no one-size-fits-all answer to this question. A good penny stock has strong fundamentals, high trading volume, and a positive news flow. I’ve shared specific recommendations in my newsletter, focusing on stocks with high growth potential.

What To Consider When Trading Penny Stocks

Penny stocks, often priced under $5 per share, represent small companies with high growth potential but also come with significant risks. These stocks can make substantial intraday moves, sometimes influenced more by hype than fundamentals. This market segment requires a solid trading strategy and a keen understanding of market dynamics to navigate effectively. For an in-depth look into the world of penny stocks, check out my guide on How to Find and Trade Penny Stocks.

When trading penny stocks, several factors need to be considered:

Price Action

Price action refers to the movement of a stock’s price and is crucial for predicting future price movements.

Remember: the trend is your friend. Understanding price action can help you identify profitable trends.

Understanding market trends goes beyond just looking at the stocks that are hot on Robinhood. The energy sector, particularly oil, often has penny stocks that show significant volatility. These oil penny stocks can be a goldmine for traders who understand the market trends in the energy sector. But remember, these stocks come with their own set of risks and should be traded carefully. If you’re interested in exploring this further, here’s a guide on oil penny stocks.

Unusual Volume

Unusual trading volume indicates strong investor interest and can be a sign of an impending price move. In my trading career, I’ve found that high volume often precedes significant price action.

Real News

Always look for stocks that have a strong news flow. Real, impactful news can be a significant price driver. I teach my students how to differentiate between impactful news and noise.

Scam Possibilities

Be cautious of scams and pump-and-dump schemes. These are prevalent in the world of penny stocks. I’ve seen traders lose their entire investment by falling for these scams.

Robinhood Stocks Under $5

The appeal of hot sector stocks on platforms like Robinhood, especially those classified as penny stocks, is compelling for a growing number of traders. The energy and technology sectors, for instance, are witnessing rapid growth and innovation, making stocks within these domains particularly attractive for those on the lookout for the next breakout investment. The allure lies in the potential for substantial returns on investment, as even minor developments or positive news within these sectors can lead to significant price jumps.

It’s important to trade these stocks with caution and a well-thought-out strategy. The inherent volatility of penny stocks, combined with the speculative nature of hot sectors, underscores the importance of a meticulous trading plan. Before diving in, ensure you’ve done your due diligence, looking past the initial excitement to assess the true potential and risks of these ventures. It’s wise to trade these stocks rather than invest long-term, given their unpredictable nature.

Success in trading hot sector stocks priced under $5 on platforms such as Robinhood hinges on a selective and strategic approach. The goal is to tap into the explosive growth potential of sectors like renewable energy and technology while implementing robust risk management practices. By zeroing in on companies making headlines in their specific niches, traders can seize opportunities for disproportionate gains. This strategy, coupled with a disciplined approach to maintaining a tight investment strategy and promptly cutting losses, can pave the way for trading success in these dynamic market segments.

Types of Penny Stocks on Robinhood

Robinhood is a retail-focused brokerage. That means it only allows clients to trade on major exchanges such as the NYSE and the Nasdaq.

There are a ton of stocks below $5 on these exchanges. The problem is, you’re only getting part of the pie.

The OTC markets and pink sheets also offer a huge range of volatile penny stocks … But you’ll need a different brokerage account to trade them. Robinhood won’t cut it.

For those interested in exploring penny stocks on other platforms, I have a whole series of articles on the topic! Learn more about using E-Trade for day trading to expand your trading horizons and discover how different platforms offer unique features.

Check out this post for the lowdown on how to find the best brokerage for you.

How to Find Penny Stocks on Robinhood 

Don’t follow my stock picks blindly. You’ve gotta become self-sufficient. Sure, you can find penny stocks on Robinhood’s mobile app… 

But I recommend creating your watchlists from your laptop — it’s a lot easier. Use a screener to search for stocks below $5. You’ll probably want to find some with volume too.

But it’s impossible for one person to watch every penny stock on Robinhood. So either grab a couple of friends to help you stare at hundreds of stocks … or choose a few that show good potential.

Creating a well-researched watchlist is the key to successful penny stock trading. Compiling a list of active penny stocks can help traders identify potential opportunities based on trading volume, recent news, and market trends. Utilizing reliable resources to track these stocks can aid in making timely and informed trading decisions. Regularly updating your watchlist ensures you are always aware of new opportunities in the market. If you want an example, check out my top penny stock watchlist!

Reddit is a popular choice for researching trading trends and connecting with other traders. If you’re looking to broaden your knowledge and explore other resources, read about penny stocks on Reddit to see how social media influences trading trends.

How to Choose Penny Stocks on Robinhood

Choosing penny stocks to trade requires a number of well-planned steps. Doesn’t matter which broker you use.

It’s all about finding hyped-up stocks. Then you ride the momentum and jump off before the move crashes. That can make it sound easy. It’s not. It takes years of education and planning to learn how to ride the momentum in this niche.

But here’s a quick overview…

First, look at stocks with hype. Maybe there’s a news catalyst that day. It could be trending on social media, or maybe it’s just a current hot stock.

Next, make sure that the stock’s daily trading volume is high enough to allow you to get in and out easily. Remember to manage risk.

It’s also important to check the price action on the stock chart. Reading the chart can help you pick a perfect entry position. It can also show good places to set your stop loss and help you understand what the stock’s next move might be.

Chart reading doesn’t have to be complicated. In fact, many seasoned traders look for clean and simple chart patterns.

Keeping up with news, watching the charts, and analyzing trading volume can all be done on a number of different apps … But if you want to get serious about your trading, there’s a much more effective way to do all of these things… 

Get a 14-day trial of StocksToTrade for just $7 for access to one of the most powerful stock trading tools on the planet. 

How to Trade Penny Stocks on Robinhood

If you’re gonna trade penny stocks on Robinhood — or anywhere else — you better know the restrictions. 

Every platform has its own set of advantages and disadvantages. If you’re curious about how other platforms handle penny stocks, TD Ameritrade is another popular choice for day trading — especially after its merger with mega-broker Charles Schwab. Enhance your trading strategy by learning about TD Ameritrade for day trading, and find the approach that best suits your needs.

Pattern Day Trading Rule

You have to keep the pattern day trading (PDT) rule in mind. This rule isn’t specific to Robinhood. If you have a small account, it can affect your trading.

The rule limits traders to no more than three day trades within a rolling five-day trading period. That is unless you have $25K or more in your trading account.

It can seem inconvenient — especially for new and excited traders — but it’s actually meant to protect you. Most traders lose money. The PDT rule tries to stop newbies from overtrading.

Try to see it as a good thing. It’ll force you to only focus on the best trades. That’s the best study tool there is.

Robinhood Day Trading Limit

The PDT rule can be a big problem for some traders. But again, I encourage you to see it as a good thing. No, you don’t have to listen to me…

Just like when I said that I didn’t think Robinhood had the best day trading software around. You can use it if it works for you. But understand that different brokers can work better for different people.

Don’t limit your options by choosing one just because it’s easy.

This is important, so pay attention. Do your research. Only you can decide which broker and trading platform are right for you.

Decide whether you’ll trade with a cash account or use margin. Margin is automatic on some Robinhood accounts. That can be risky. Read more about margin here.

You also need to figure out if you want access to extended-hours trading. That can also come with risk. I don’t recommend that for new traders.

What’s key is access to charts, watchlists, stock research, Level 2 data, and indicators. You can get all that and more with StocksToTrade. Plus you can trade right from the platform with our broker integration — and you can add on what’s arguably the trading chat room. 

When you start trading you have a lot of decisions to make. So take your time. Make a detailed list of what matters to you, then find the right broker and trading platform.

Trading Fees on Robinhood

Robinhood offers commission-free trades, but it’s essential to understand that “free” doesn’t mean there are no costs involved. The platform makes money from order flow, which can impact the execution price of your trades. Always consider the full range of fees and how they can affect your profitability.

Frequently Asked Questions About Robinhood Penny Stocks

Can You Buy Stocks Under $1 on Robinhood?

Yes, you can. Robinhood opens the door to stocks under $1, making it accessible for investors looking for a low entry point. From companies in technology to artificial intelligence, the options are vast. But remember, cheap doesn’t always mean value. Research is key.

Why Is Robinhood so cheap?

Robinhood’s mission is to democratize finance for everyone. They offer commission-free trading on stocks, which cuts the costs for the average investor. Deals with banks and financial institutions also allow them to keep deposit and account fees low. It’s not just about being cheap; it’s about making investment accessible.

Does Robinhood Really Give You a Free Stock?

As of now, yes, traders get a free stock when opening a Robinhood account. To me, it seems like another way the broker tries to entice users. But do your research. Check the terms and conditions, as they can change at any time.

Can You Day Trade Penny Stocks on Robinhood?

Day trading on Robinhood is like pulling onto the highway with two flat tires. You can do it, and it’ll work, but it won’t be pretty. 

Serious traders tend to use more robust software. Research different brokerages and software to find what might work best for you.