Robinhood stock has rebounded 315% since low, but concerns remain about revenue and user base

From Nasdaq: 2024-11-16 18:54:00

Robinhood Markets (NASDAQ: HOOD) went public in 2021 at $38 per share, reaching an all-time high of $85. However, the stock plummeted by over 90% during the 2022 bear market. Despite a 315% recovery from its low of $7.91, concerns remain. Transaction revenue is down from 2021 levels, with active users dropping by 48% in Q3. Another risk is looming due to declining interest income from high rates. Robinhood’s stock is currently trading at a P/S ratio of 12.1, a 59% premium to its average. Investors may want to reconsider buying as revenue growth falters.



Read more at Nasdaq: Robinhood Stock Has Soared 315% From Its 52-Week Low. Is It Too Late to Buy?