With a market cap of $94.6 billion, Robinhood Markets, Inc. (HOOD) operates a digital platform enabling users to invest in stocks, ETFs, options, cryptocurrencies, and other assets with features like fractional trading, recurring investments, and retirement accounts. It also offers education tools, cash and spending products, credit cards, and a global digital currency marketplace.
Shares of the Menlo Park, California-based company have significantly outpaced the broader market over the past 52 weeks. HOOD stock has surged 109.3% over this time frame, while the broader S&P 500 Index ($SPX) has returned 15%. However, shares of the company are down 8.6% on a YTD basis, lagging behind SPX’s 1.9% gain.
