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 million in crypto-generated revenue, as opposed to $233 million in Q2.
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 ( HOOD 1.46% ) sank on Thursday after the popular stock-trading platform said a group of its early investors filed to sell more than 97 million shares. At 12:15...
Will Robinhood stock go up?
Dec 01, 2021 · Shares of Robinhood (HOOD) have dropped by 70% over the past four months. The company has suffered both reputation hits and revenue drops in Q3, which could be behind the drop in valuation.
Is Robinhood a good platform?
Dec 14, 2021 · Why Robinhood Markets Shares Are Falling. Robinhood Markets Inc (NASDAQ: HOOD) shares are trading lower after Goldman Sachs lowered its …
Is Robinhood stock reliable?
YES–Robinhood is absolutely safe. Your funds on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims because they are a member of the SIPC. Furthermore, Robinhood is a securities brokerage and as such, securities brokerages are regulated by the Securities and Exchange Commission (SEC).Dec 1, 2021
Why is Robinhood not buying?
There are a few reasons why you may not be able to place a buy order: You don't have enough buying power to place the trade. Cryptocurrencies are non-marginable and can't count as collateral, so you'll need to have enough cash in your account to place the order.
Is Coinbase better than Robinhood?
Coinbase provides a secure platform perfect for new users who wish to dip their toes into cryptocurrency. Robinhood is also great for beginners but offers limited cryptocurrencies. Instead, Robinhood users want to invest small amounts in both stocks and crypto.
Why can't I sell my stock on Robinhood?
You may receive this message if you have an outstanding pending order for the shares of stock you'd like to sell. You'll need to cancel any outstanding orders before you can sell the shares. To view your pending orders in your mobile app: Tap the Account icon in the bottom right corner of your home screen.
What happened
The brokerage that was heavily involved in the original meme-stock trading frenzy earlier this year is itself trading publicly today.
So what
The initial public offering (IPO) is raising about $2.1 billion for the online broker that is used by many retail investors.
Now what
Robinhood has distinguished itself from traditional brokers with its user-friendly app and large number of younger retail traders. The platform derives 38% of its revenue from options, 26% from equities, and 17% from cryptocurrency trading, according to a Securities Exchange Commission (SEC) filing.
Analysis and Opinions about HOOD-Q
It plunged nearly 28% today after soaring 50% yesterday. A truly overvalued stock (and no, he's not a fan of meme stocks like this). Meme stocks don't reflect the market, but what people are talking about.
Robinhood (HOOD-Q) Rating
Stockchase rating for Robinhood is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Robinhood (HOOD-Q) Frequently Asked Questions
Robinhood is a American stock, trading under the symbol HOOD-Q on the NASDAQ (HOOD). It is usually referred to as NASDAQ:HOOD or HOOD-Q