The stock price of Robinhood Markets Inc (NASDAQ: HOOD) has surged by 1.93 when compared to previous closing price of 17.61, but the company has seen a 0.39% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-04 that Robinhood has experienced underperformance since its debut in 2022, mainly because of a negative stock and Crypto market environment. Trading volumes have started to pick up since October 2023 and Crypto volumes have exploded. Robinhood recently launched a new Gold card that received very positive social media coverage. This will continue to attract customers to its Gold Membership.
Is It Worth Investing in Robinhood Markets Inc (NASDAQ: HOOD) Right Now?
The stock has a 36-month beta value of 1.74. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HOOD is 441.74M, and at present, short sellers hold a 7.13% of that float. On May 06, 2024, the average trading volume of HOOD was 15.79M shares.
HOOD’s Market Performance
HOOD’s stock has seen a 0.39% increase for the week, with a -2.71% drop in the past month and a 64.38% gain in the past quarter. The volatility ratio for the week is 5.04%, and the volatility levels for the past 30 days are at 5.07% for Robinhood Markets Inc The simple moving average for the past 20 days is 2.26% for HOOD’s stock, with a 44.76% simple moving average for the past 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 “Sell.” The predicted price for HOOD in the upcoming period, according to Citigroup is $16 based on the research report published on April 11, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see HOOD reach a price target of $20. The rating they have provided for HOOD stocks is “Mkt Perform” according to the report published on April 03rd, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to HOOD, setting the target price at $22 in the report published on March 28th of the current year.
HOOD Trading at 2.52% 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 -12.65% of loss for the given period.
Volatility was left at 5.07%, however, over the last 30 days, the volatility rate increased by 5.04%, as shares sank -2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.49% upper at present.
During the last 5 trading sessions, HOOD rose by +0.39%, which changed the moving average for the period of 200-days by +36.81% in comparison to the 20-day moving average, which settled at $17.53. In addition, Robinhood Markets Inc saw 40.89% 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 Tenev Vladimir, who sale 25,049 shares at the price of $17.04 back on May 02 ’24. After this action, Tenev Vladimir now owns 32,584 shares of Robinhood Markets Inc, valued at $426,875 using the latest closing price.
Warnick Jason, the Chief Financial Officer of Robinhood Markets Inc, sale 5,000 shares at $16.72 during a trade that took place back on May 01 ’24, which means that Warnick Jason is holding 997,407 shares at $83,602 based on the most recent closing price.
Stock Fundamentals for HOOD
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.8 for the gross margin
The net margin for Robinhood Markets Inc stands at -0.29. The total capital return value is set at -0.08. Equity return is now at value -7.93, with -1.94 for asset returns.
Based on Robinhood Markets Inc (HOOD), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11.
Currently, EBITDA for the company is -465.0 million with net debt to EBITDA at -0.68. When we switch over and look at the enterprise to sales, we see a ratio of 8.58. The receivables turnover for the company is 0.36for trailing twelve months and the total asset turnover is 0.06.
Conclusion
To sum up, Robinhood Markets Inc (HOOD) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
