IPO doesn't have any assets doesn't own any property . Robinhood paid roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. As you can see Robinhood fundamentals and customers treating speaks for them self .
The honeymoon for IPO's has ended, that speaks to the appetite of wild speculation of the investment community. With a day of trading there's very little to formulate here, there is the opening high to low that had a span of $6.90 (40.25-33.25), the high thereafter was 38.10, if somehow this starts as an A-B-C correction then possibly it could find support around 31.20 C=A equality, or 26.94 where C= 1.618 x A. Again, there's very little to go on, it's best to trade stocks with at least 1 year trading history.