It may be difficult to repeat trading revenues in Robinhood (Hood) from the last quarter of 2024.
Online trading platform reports, the results of the first quarter after the US market closed on Wednesday.
The amazing increase of the fourth quarter was 700 % in the revenue of the cryptocurrency trading behind a large leap in Hood’s total transactions. However, Wathrington believes that the momentum stops in the first quarter, citing a decrease in both stocks and encryption markets, especially in the last half of the quarter.
WortHington and the RobinHood user team estimated about $ 52 billion in Crypto during the quarter, a decrease of $ 71 billion in the fourth quarter. WortHington attributes the decline to the “risk” environment that erases many market gains since the beginning of the year. Robinhood assets are expected to decrease under reservation (AUC) by 5 % from the previous quarter to $ 183.3 billion, although it is still 41 % on an annual basis.
While the report highlights the purchase of strong retail forces in early April after news related to Washington, WortHington suggests that the activity may not be sufficient to raise the results of the first quarter. It warns that the most softened demand for margin and derivatives – as it appears in interactive competitors – can affect the general performance of Robinhood.
Workington maintained a neutral classification on the arrow and reduced its target price of $ 1 to 44 dollars, indicating about 10 % of the current price at a little less than $ 49.
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