The company said that in 2021 it had added more than 10 million net funded accounts, "nearly doubling the customers on the platform". Average revenues per user (ARPU) for the quarter dropped 39% to $64 on an annualised basis, compared with $106 in the fourth quarter of 2020. The 'Big But', however, was that it also posted a net loss of $420m for the quarter and $3.69bn for the year, which was worse than analysts' forecasts. In its fourth-quarter results in 2021, the company revealed revenues had risen 14% in the same period in 2020 to $363m and full-year revenues had rocketed 89% year-on-year to $1.82bn. 4Q 2021 profits up but worse than expected losses It has already been dubbed a “meme stock”, with price fluctuations driven by interest from retail traders. The stock should be traded with caution, with investors paying attention to risk management.Īs of 30 June 2022, the stock has fallen 85% from its peak - a close of $56.83 on 9 August 2021. Even so, these are large daily fluctuations. Since then, the trend has been broadly lower, while daily price swings have calmed to 4%–6%. The share price surged to a record intraday high of $85 on 4 August, before tumbling to close the next trading day at $50.97. After dropping as much as 12% at one point, the stock finished its first day down 8% at around $34.82. The zero-commission online broker, popular among millennials, began trading publicly on the Nasdaq on 29 July 2021 at $38. Robinhood’s stock price has been volatile, but generally travelled in one direction - down. So, what is the future for this challenged stock? In this article, we look at its recent performance and some of the latest analysts’ forecasts for Robinhood stock in 2022 and beyond. The market will be looking for a more sustained show of momentum. There may be some cause for optimism, as the stock is up 9.15% over the past 5 days. The stock is 77.7% down on its original IPO price of $38. As of 30 June 2022, it is priced at $8.47, which represents a 54% downturn in 2022 alone. Since its launch, its stock price has had an almost kinkless route downwards. Surely somewhere on the path that trading platform Robinhood (HOOD) is following there is a corner it can turn. Robinhood price forecast 2022 and beyond: analysts’ views.Robinhood hopes crypto updates will buoy business.What did Robinhood’s first earnings report tell us?.
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