RobinHood Markets $HOOD-1.0%
RobinHood reported its results yesterday.
This company provides a platform for trading stocks and cryptocurrencies.
The company became more well known during the pandemic as most people were at home and more people were working online and hence more people became interested in this platform.
Results:
Revenues : 441 million USD
Loss per share : $0.57
Capital Structure
Market Cap
19.9B
Enterpr. Val.
21.6B
Valuation
P/E
162.0
P/S
9.8
I have to say that I don't like this company much, either by the results or by the share price development.
The stock was rising nicely in the beginning, however, then the company stopped trading some stocks like $GME-0.8% and people started losing interest and that sent the stock down.
Can you post if you knew this company and if so how you view it.
It's been a while since I've read a couple of articles where they've been going on about how they change the terms within their platform as they please and kind of to their advantage.
I would stay away from this place because of their recent history :)
This is a company associated with collusion. Plus, it's a speculative stock. For me, it has no place in my portfolio or watchlist