Robinhood Markets (NASDAQ: HOOD) shares have continued to struggle, with the stock down about 40% from its all-time highs. It's trended downward since late September, and a disappointing after-the-bell third-quarter earnings report on Oct. 27 only compounded its malaise. Let's take a closer look at the broker's results and prospects to see if this dip is a buying opportunity. For the fourth consecutive quarter, Robinhood saw a significant decline in cryptocurrency revenue, which took away from what otherwise was a solid report. Once one of the online broker's biggest growth drivers, its Q3 crypto revenue plunged 55% to $120 million.
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