Robinhood stock is down 8% this morning in pre-market stock trading action following the release of the firm’s Q3 2021 earnings report as multiple indicators pointed to ongoing weaknesses in some important growth drivers including lower crypto trading volumes and a decline in average revenues per user (ARPU).
Is Robinhood stock a good investment?
Dec 01, 2021 · In the second quarter of 2021, Robinhood’s revenue was boosted by the mania for Dogecoin (DOGE). Those trades accounted for more than 60% of the $233 million generated by crypto that quarter. A more significant reason why Robinhood’s shares might have dropped is the considerable decrease in crypto revenue experienced in Q3 2021. The firm recorded only $51 …
Is Robinhood Markets stock a buy?
Aug 05, 2021 · What happened Shares of Robinhood (NASDAQ: HOOD) sank on Thursday after the popular stock-trading platform said a group of …
Will Robinhood stock go up?
Jan 28, 2022 · The stock price of Robinhood (NASDAQ: HOOD) fell by over 15% pre-market today. Investors are responding negatively to the company’s results for the fourth quarter and full-year 2021. Investors have concerns about the company reporting a worse-than-expected first-quarter outlook and the loss in the number of active users.
Is Robinhood a good platform?
Oct 27, 2021 · Robinhood Stock Falls As Q3 Results And Q4 Guidance Disappoint. Shares of Robinhood gained strong downside momentum after the company released its quarterly results.
Is Robinhood on the decline?
Shares of Robinhood have fallen nearly 20%—to less than $14 per share—so far in 2022, continuing a downward trend as the company continues to struggle. Robinhood's stock has now lost more than half its value since going public last year, down over 60% from its IPO price of $38 per share in July 2021.Jan 19, 2022
Why is Robinhood lower?
The decline came after Robinhood missed on the top and bottom lines of its third quarter results. Revenue was dragged down by a slowdown in crypto trading and Robinhood warned that the headwinds in trading will persist into year-end.Oct 27, 2021
Is fidelity better than Robinhood?
Although Robinhood is typically thought of as a beginner-friendly investing app, Fidelity actually earned the title of Best Broker for Beginning Investors and the Best App for Investing in NerdWallet's 2022 Best-Of Awards.
Is Webull better than Robinhood?
Is Robinhood better than Webull? After testing 15 of the best online brokers over six months, Webull (67.68%) is better than Robinhood (64.85%). Webull offers a unique community experience and easy-to-use trading platforms that will satisfy most young investors.