![]() ![]() ![]() The fundamentals continue to deteriorate, though that may be due to the current market conditions. There, I weighed the distressed financials against the large cash hoard. I last covered the stock in March, and the stock has since dropped 10%. ![]() HOOD came public last summer at $38 per share, peaked briefly at $85 per share, and has since dropped 88%. While the near term future admittedly looks murky, the price is right for those optimistic for a rebound. The fall in stock price has also been driven by fundamental factors, as the company saw both growth - and profits - evaporate quickly after coming public. The once-meme stock has now become a victim of the bursting of the tech bubble. Robinhood ( NASDAQ: HOOD) has been on a straight path downward ever since its post-IPO surge. ![]()
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