Robinhood Stock Trading | Investing & Articles

Main Menu

  • Home
  • Robinhood review
    • Robinhood crypto
    • Robinhood gamestop
    • Robinhood stock price
  • Crypto
    • Binance
    • Bithumb
    • Coinbase
    • FTX
    • Huobi Global
  • Brokers
    • Charles Schwab
    • E*Trade
    • Fidelity
    • Interactive Brokers
  • Debt

Robinhood Stock Trading | Investing & Articles

Header Banner

Robinhood Stock Trading | Investing & Articles

  • Home
  • Robinhood review
    • Robinhood crypto
    • Robinhood gamestop
    • Robinhood stock price
  • Crypto
    • Binance
    • Bithumb
    • Coinbase
    • FTX
    • Huobi Global
  • Brokers
    • Charles Schwab
    • E*Trade
    • Fidelity
    • Interactive Brokers
  • Debt
Robinhood crypto
Home›Robinhood crypto›Why this investor raises the “yellow flag” on the most mentioned stock on WallStreetBets

Why this investor raises the “yellow flag” on the most mentioned stock on WallStreetBets

By Tim Kane
August 4, 2021
0
0

A week after hitting the public market, Robinhood Markets Inc (NASDAQ: HOOD) hit new all-time highs Wednesday.

Robinhood valuation is starting to look expensive, according to Hightower Advisors Stephanie link said on CNBC’s “Squawk Box”.

This is a pay-to-order flow story, with crypto being a “boost” for the business, Link said.

Robinhood’s revenue grew 5% to 10% in the second quarter, while payments for order flow fell 23%, she said, adding that this data shows payment for the flow of Orders is very competitive and Robinhood’s crypto market share is likely increasing.

Even with the growth of crypto, the stock is “super expensive” at 11 times the asking price, Link said. To put this in perspective, Charles Schwab Corp (NYSE: SCHW) is trading at seven times the asking price and the company is much more diverse, she added.

See Also: Here’s How Many Robinhood Users Bought The IPO

The founders of Robinhood have 67% of the voting rights, which Link noted as a “yellow flag.”

Robinhood is by far the most mentioned action on the r / WallStreetBets subreddit in the last 24 hours.

Robinhood climbed 52% shortly after the opening bell, trading around $ 71.35.

Photo: Henrique Pinto from Flickr.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Related posts:

  1. Robinhood Markets establishes operations heart in Charlotte, North Carolina
  2. Robinhood plans to launch crypto pockets ‘as quick as attainable’
  3. Fintech Robinhood creates practically 400 new jobs in Meck County – WSOC TV
  4. Traders Contribute Over $ 100 Million Into Bitcoin IRA Program
Tagscharles schwab
  • Terms and Conditions
  • Privacy Policy