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-0.000474383301707854 -0.00094876660341554 -0.00094876660341554 0 -0.00193548387096778 0 0.00616698292220109 0.00237191650853893
Stock impact report

Robinhood: Overvaluation Persists Despite Fundamental Improvements [Seeking Alpha]

Robinhood Markets, Inc. - Class A (HOOD) 
Company Research Source: Seeking Alpha
Cash sweep balance has been steadily increasing, suggesting increasing customer confidence. Q3 expectations have been growing steadily. The stock remains overvalued here, and I suggest selling cash-secured puts at lower prices. In my most recent Robinhood Markets, Inc. ( NASDAQ: HOOD ) article, I had rated the stock a "weak hold", citing 60% YTD run and the fact that the company was not expected to be profitable even in 2024. Since then, the stock has lost more than 15% compared to the market's 1% loss. Does the sell-off make the stock more attractive now? Let's find out by reviewing what stood out in the Q2 report and what to look forward to in Q3 and beyond. Let us get into the details. The Good from Q2 Robinhood reported its first-ever GAAP profitable quarter in its history, and the company was (rightly) quick to highlight that in its Q2 report. This was driven by a 10% increase in net revenue and decreasing operating expenses. "In Q2, we reached a significant mileston Show less Read more
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