5 Red Flags for Robinhood Markets' Future
Robinhood Markets' (NASDAQ: HOOD) stock dipped 3% on April 29 after the online brokerage posted its first quarter numbers. Its revenue plunged 43% year over year to $299 million, which missed analysts' estimates by $59 million. Its net loss narrowed from $1.4 billion to $392 million, or $0.45 per share, but still missed analysts' expectations by a dime.
Robinhood's numbers were ugly, but some investors might be wondering if its stock has finally bottomed out after plunging nearly 75% below its IPO price. Unfortunately, five red flags suggest the pain is far from over.
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Source Fool.com
