Analyst Says Robinhood Stock ''Not Worth $1,'' Calls It A ''Bad Bet For Investors With Alarming Risk''
Robinhood Markets Inc (NASDAQ: HOOD ) shares are once again back below $10 and are now down more than 75% from their $38 IPO price in July 2021. New Constructs CEO David Trainer wanted investors to stay away from Robinhood even before its IPO was completed, and Trainer said this week Robinhood investors may still have more pain ahead. Trainer''s IPO Call: In July 2021, Benzinga reported on how Trainer had called Robinhood a “bad bet for investors with alarming risk.” Now that the stock has dropped all the way below $10, Trainer said Tuesday that Robinhood''s growth has evaporated, and its business is nowhere near profitable. Related Link: Why Meme Stocks AMC Entertainment And GameStop Are Still ''In Danger Of Declining To $0'' Robinhood has burned through … Full story available on Benzinga.com
Analyst Says Robinhood Stock ''Not Worth $1,'' Calls It A ''Bad Bet For Investors With Alarming Risk''
Robinhood Markets Inc (NASDAQ: HOOD ) shares are once again back below $10 and are now down more than 75% from their $38 IPO price in July 2021. New Constructs CEO David Trainer wanted investors to stay away from Robinhood even before its IPO was completed, and Trainer said this week Robinhood investors may still have more pain ahead. Trainer''s IPO Call: In July 2021, Benzinga reported on how Trainer had called Robinhood a “bad bet for investors with alarming risk.” Now that the stock has dropped all the way below $10, Trainer said Tuesday that Robinhood''s growth has evaporated, and its business is nowhere near profitable. Related Link: Why Meme Stocks AMC Entertainment And GameStop Are Still ''In Danger Of Declining To $0'' Robinhood has burned through … Full story available on Benzinga.com