With inflation on the rise, it’s possible that the Fed could raise interest rates sooner, impacting the prices of stocks and other asset classes such as cryptos which have been favorites of retail traders. It should be pretty clear to investors that Robinhood’s growth is dependent on investing fads that may not hold up. So is Robinhood stock a buy after the recent sell-off? Although the stock now trades at about $35 per share, about 8% below its IPO price and around 50% from its all-time highs, we think the stock has meaningful risks. In comparison, the company added about 10 million accounts over the first half of the year.

Robinhood also saw total funded accounts on its platform drop to 22.4 million, down from 22.5 million at the end of the second quarter as the so-called “meme stock” craze that drove engagement earlier this year faded. Although Bitcoin prices actually gained through Q3, Robinhood’s crypto revenue has been more dependent on Dogecoin, which saw prices decline a bit in recent months. Revenue declined by about 15% sequentially to about $365 million as the company’s crypto business - which investors were counting on to be a long-term driver of growth - saw a big hit, with transaction-based revenue declining $51 million, down from $233 million in the second quarter. Robinhood Markets stock (NASDAQ: HOOD) declined by almost 13% over the last week, after the company published a weaker than expected set of Q3 2021 results. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images company is seen on a mobile phone screen. UKRAINE - 5: In this photo illustration a Robinhood logo of a U.S.

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