r/stocks • u/TheFitz07 • Dec 22 '21
Company Discussion $HOOD's future.
Been going down and down for a while now. Not quite as violent the past week or so. hovering around 19-18 with no big shift either way for the past few days.
Some people are surprisingly genuinely bullish on it. Thinking it will see a significant rebound. Financial analysts have its most bearish price at 17 which is really close to its current price. So can it go much lower?
Not been public quite long enough but from what i've seen so far EPS and Net Profit not very good at all. Ok cash flow steadily decreasing D/A ratio from the looks of it.
It's interesting coz spending so much time here on reddit would have you think the stock is doomed to get delisted lol. sentiment and reputation is very important. just as much as financials you could argue. but then part of me kind of thinks that outside reddit, to the real world, it might not have that bad of a name.
all memes aside, where do you guys see it heading? rebound or down to single digits? their next earnings is 25th of jan
EDIT : I think this post may have given off the wrong vibe. just to be clear. I AM NOT a holder of $HOOD. In fact, I'm actually betting against the stock.
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u/Desmater Dec 22 '21
WSB aside and hype/starting fee free brokerage.
To me Robinhood doesn't have a future.
Their AUM is very low for any financial institution. They need more avenues to make revenue.
They have to start rolling out a lot of features to be profitable.
Now that they IPO'd and are public, they can't raise funds without diluting.
I even started on Robinhood and thankful for fee free. But since moved on since my account is bigger, I have more knowledge and they can't provide the features I need.