The Robinhood logo is displayed on a smartphone with stock market percentages in the background.The Securities and Exchange Commission could soon pursue enforcement action against Robinhood, according to the trading firm.Robinhood disclosed in a filing Monday that over the weekend the regulator sent it a Wells Notice, a warning that upon completion of an investigation the company could be charged.Shares of the stock were last lower by 2% in premarket trading. ...

Robinhood Markets, Inc. (HOOD) is slated to report first-quarter 2024 results on May 8, after market close. Its earnings and revenues in the quarter are expected to have improved on a year-over-year basis.In the last reported quarter, Robinhood posted earnings against the Zacks Consensus Estimate of loss. Results reflected an increase in total net revenues and lower operating expenses.HOOD has an impressive earnings surprise history. The company’s earnings surpassed the Zacks Consensus Estimate in each of t ...

Robinhood (NASDAQ:HOOD) stock has made a nice come back this year, as investors bet on the company’s business model. Robinhood simplifies investing in stocks and cryptocurrencies online. In March, it had 23.6 million funded customers and $80.9 billion in trading volume, a 41% increase from last year.The platform’s cryptocurrency trading increased by 86% to reach $6.5 billion. If these numbers can continue, there’s certainly a lot to like about this stock’s potential. Of course, this is among the most closel ...

Robinhood Markets, Inc. (HOOD) closed the most recent trading day at $16.65, moving +0.97% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.34%. At the same time, the Dow added 0.23%, and the tech-heavy Nasdaq lost 0.33%.Shares of the company have depreciated by 14.12% over the course of the past month, underperforming the Finance sector's loss of 7.94% and the S&P 500's loss of 4.05%.The upcoming earnings release of Robinhood Markets, Inc. will be of ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Robinhood Markets, Inc. (HOOD) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on M ...

The stock has surged 87% higher over the last year, but there are a few things you should know first before buying the fintech.Robinhood (HOOD 4.44%) stock has been on fire, surging 87% higher over the past twelve months. The company gained notoriety for its role in the meme-stock-fueled frenzy, which sent its shares up to $85 in the days following its 2021 IPO.Despite the recent rally, Robinhood stock is still 80% below its all-time high. The company has made progress in improving its bottom line in recent ...

Robinhood is trying to go from being an industry disruptor to a trusted mainstay in the brokerage business.Financial services company Robinhood Markets (HOOD -2.63%) has become one of Wall Street's better-known stock brokerages. It built a reputation on innovation as the first brokerage to offer commission-free trading. During the 2020-2021 meme stock craze, it gained notoriety when technical malfunctions disrupted trading for its account holders.Although the stock trades at about 50% below its 2021 peak, i ...

If you just started following Robinhood stock (NASDAQ:HOOD) stock in 2023, you’d probably think you were watching one of America’s great companies, given its stock is up 77% over the past year and 41% in the first four months of 2024. Unfortunately, that’s not the whole picture. HOOD stock has traded below $20 since December 2021, more than 28 months ago. Its latest resurgence is due to a record-setting S&P 500 combined with the rebirth of cryptocurrencies. The combination has put a fire under the digital t ...

Given the recent weakness of cryptocurrencies and my belief that they could fall much further, along with the extremely elevated valuation of Robinhood stock (NASDAQ:HOOD), I recommend selling HOOD stock at this point. Also making me bearish on Robinhood stock stock at this point is my belief that U.S. stocks could easily decline 10%-15% in the near-to-medium term. HOOD Will Be Hurt by Crypto’s Weakness On April 11, Citi cut its rating on HOOD stock to “sell” from “neutral.” According to Citi, the shares ha ...

The most recent trading session ended with Robinhood Markets, Inc. (HOOD) standing at $17.31, reflecting a +0.7% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.03% gain on the day. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq increased by 0.12%.Heading into today, shares of the company had lost 5.6% over the past month, lagging the Finance sector's loss of 5.58% and the S&P 500's loss of 0.9% in that time.Analysts and investor ...