Financial technology company Robinhood Markets, Inc. (HOOD) is struggling with mounting losses, a declining active user base, and increasing regulatory pressures. Shares of HOOD have slumped 14.9% over the past year to close the last trading session at $9.72. The stock is currently trading 41.1% below its 52-week high of $16.49, which it hit on March 29, 2022.
Given its deteriorating fundamentals and a challenging macroeconomic environment, this popular software stock may continue to plunge this year. In this article, I have discussed several reasons why I am extremely bearish on this stock.
