The Slump Continues for This Ex-Growth Stock
A growth stock is typically defined as a company that is expected to grow at a faster rate than the overall market. When a company's financial metrics consistently move in reverse, it no longer meets the criteria.
That's the case for Robinhood Markets (NASDAQ: HOOD), which made a name for itself during the pandemic stock market frenzy as the broker to Generation Z. Half its user base entered the financial markets for the first time through the Robinhood platform, so it has played an important role in introducing young people to investing.
But as the pandemic continues to ease and trading activity returns to normal, the company is rapidly shedding active users and revenue. Its stock price has collapsed 88% from its all-time high, and it could get even worse.
Source Fool.com
