Robinhood Stock News

As of this morning, Robinhood stock was worth around $10.85 per share, 71.5% off its IPO price, and 87.2% off its all-time highs. What happened?

As of this morning, Robinhood stock was worth around $10.85 per share, 71.5% off its IPO price, and 87.2% off its all-time highs. What happened?

Friday''s premarket movers included the world''s largest company by market cap moving up and a heavily traded newcomer that was sinking.

Robinhood shares dropped some 11% in after-hours trade Thursday after it posted a net loss for the quarter despite edging past analysts'' estimates for quarterly revenue.

Robinhood Craters To New Record Low After Another Catastrophic Quarter Unlike last quarter, we didn''t need to look at Robinhood''s 606 filings ahead of earnings. We had a feeling that the results would be ugly (as we predicted last quarter ), and we were wrong: they were disastrous and absolutely horrific. As a reminder, in its dismal guidance last quarter, when the stock imploded, Robinhood slashed its outlook seeing 4Q revenue of just $325M, a huge miss to consensus est. $500.7M, and predicted funded accounts of about 660,000. Well, had RH missed its own guidance, the stock would probably have to collapse to $0. And while it at least managed to come above its own bogey, it once again missed virtually every sellside consensus. Here is what the company reported: Net revenue $362.7 million, missing the estimate $370.9 million Transaction-based revenue $263.9 million, missing the estimate $269.3 million Crypto revenue $48 million, -5.9% q/q, missing the estimate $55.0 million Net Interest revenue $63.4 million, missing the estimate $66.3 million Monthly active users 17.3 million, a slowdown of 8.5% Q/Q, and missing the estimate of 19.9 million While crypto trading has been a core strategy of Robinhood, and its zero-commission transactions have helped it enlist new users, making it a major competitor to cryptocurrency exchanges such as Coinbase, this particular revenue stream has imploded.

Robinhood Markets (HOOD) stock slides 11% in after-hours trading after the stock and crypto trading app company says it expects Q1 revenue will be less than $340M vs

Robinhood Markets press release (HOOD): Q4 GAAP EPS of -$0.49 misses by $0.05.Revenue of $363M (+14.3% Y/Y) misses by $3.64M.Shares +5.5%.Transaction-based revenues for the

Judge rules retail investors cannot pursue negligence and breach of fiduciary duty claims

A year later, many issues linger for the trading app at the center of the frenzy.

Robinhood Markets (NASDAQ:HOOD) is scheduled to announce Q4 earnings results on Thursday, January 27th, after market close.The consensus EPS Estimate is -$0.30 and the consensus

HOOD stock is under pressure as the competition heats up, but it''s encouraging that Robinhood is taking the blockchain revolution seriously.

Here are four companies, including two Dow Jones industrialss, set to report earnings after markets close Thursday.

Robinhood Markets (HOOD) stock rises 2.8% in premarket trading after the company discloses steps it''s taking to avoid the kind of restricting trading activities on certain stocks like

Robinhood is launching crypto wallets to 1,000 users as beta testers with a more widespread rollout expected in the coming months. But what does this mean for Robinhood users and are other brokers lagging behind? Q4 2021 hedge fund letters, conferences and more The Launch Of Robinhoods Crypto Wallet Adam Nasli, Head Analyst at international []