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Why Robinhood Markets Inc. (HOOD)’s Most Recent Report Reveals Some Hints About Its Future

Robinhood Markets Inc. (NASDAQ:HOOD) went up by 2.00% from its latest closing price compared to the recent 1-year high of $16.49. The company’s stock price has collected 4.18% of gains in the last five trading sessions. Barron’s reported on 12/28/22 that Sam Bankman-Fried Tapped Alameda to Buy Robinhood Stake. The Stock Is Sliding.

Is It Worth Investing in Robinhood Markets Inc. (NASDAQ :HOOD) Right Now?

Opinions of the stock are interesting as 4 analysts out of 15 who provided ratings for Robinhood Markets Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 7 rated it as “hold,” and 2 as “sell.”

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The average price from analysts is $11.42, which is $1.74 above the current price. HOOD currently public float of 699.61M and currently shorts hold a 5.67% ratio of that float. Today, the average trading volume of HOOD was 10.10M shares.

HOOD’s Market Performance

HOOD stocks went up by 4.18% for the week, with a monthly jump of 19.88% and a quarterly performance of -1.22%, while its annual performance rate touched -29.07%. The volatility ratio for the week stands at 4.43% while the volatility levels for the past 30 days are set at 4.41% for Robinhood Markets Inc. The simple moving average for the period of the last 20 days is 14.04% for HOOD stocks with a simple moving average of 0.92% for the last 200 days.

Analysts’ Opinion of HOOD

Many brokerage firms have already submitted their reports for HOOD stocks, with Citigroup repeating the rating for HOOD by listing it as a “Neutral.” The predicted price for HOOD in the upcoming period, according to Citigroup is $10 based on the research report published on December 13th of the previous year 2022.

Barclays, on the other hand, stated in their research note that they expect to see HOOD reach a price target of $10. The rating they have provided for HOOD stocks is “Underweight” according to the report published on August 31st, 2022.

Goldman gave a rating of “Neutral” to HOOD, setting the target price at $9.50 in the report published on June 27th of the previous year.

HOOD Trading at 8.08% from the 50-Day Moving Average

After a stumble in the market that brought HOOD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.12% of loss for the given period.

Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 4.43%, as shares surge +18.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.31% lower at present.

During the last 5 trading sessions, HOOD rose by +4.18%, which changed the moving average for the period of 200-days by -25.48% in comparison to the 20-day moving average, which settled at $8.59. In addition, Robinhood Markets Inc. saw 19.29% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HOOD starting from Bhatt Baiju, who sale 106,061 shares at the price of $8.53 back on Jan 09. After this action, Bhatt Baiju now owns 1,185,047 shares of Robinhood Markets Inc., valued at $905,188 using the latest closing price.

Gallagher Daniel Martin Jr, the Chief Legal Officer of Robinhood Markets Inc., sale 12,500 shares at $8.13 during a trade that took place back on Jan 05, which means that Gallagher Daniel Martin Jr is holding 334,573 shares at $101,605 based on the most recent closing price.

Stock Fundamentals for HOOD

Current profitability levels for the company are sitting at:

  • -199.77 for the present operating margin
  • +73.31 for the gross margin

The net margin for Robinhood Markets Inc. stands at -200.86. Equity return is now at value -18.10, with -5.90 for asset returns.

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