The stock price of Robinhood Markets Inc (NASDAQ: HOOD) has plunged by -1.97 when compared to previous closing price of 23.89, but the company has seen a 3.17% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-30 that MENLO PARK, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) — Today, Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website.
Is It Worth Investing in Robinhood Markets Inc (NASDAQ: HOOD) Right Now?
The price-to-earnings ratio for Robinhood Markets Inc (NASDAQ: HOOD) is above average at 71.80x, Company’s 36-month beta value is 1.84.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for HOOD is 588.40M, and currently, short sellers hold a 4.04% ratio of that floaft. The average trading volume of HOOD on October 01, 2024 was 13.93M shares.
HOOD’s Market Performance
The stock of Robinhood Markets Inc (HOOD) has seen a 3.17% increase in the past week, with a 16.11% rise in the past month, and a 2.76% gain in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are at 4.37% for HOOD. The simple moving average for the past 20 days is 9.33% for HOOD’s stock, with a 30.94% simple moving average for the past 200 days.
Analysts’ Opinion of HOOD
Many brokerage firms have already submitted their reports for HOOD stocks, with Barclays repeating the rating for HOOD by listing it as a “Equal Weight.” The predicted price for HOOD in the upcoming period, according to Barclays is $20 based on the research report published on September 06, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see HOOD reach a price target of $24, previously predicting the price at $21. The rating they have provided for HOOD stocks is “Buy” according to the report published on August 15th, 2024.
Piper Sandler gave a rating of “Overweight” to HOOD, setting the target price at $23 in the report published on August 12th of the current year.
HOOD Trading at 13.93% 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 -5.87% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares surge +16.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.04% upper at present.
During the last 5 trading sessions, HOOD rose by +3.17%, which changed the moving average for the period of 200-days by +101.38% in comparison to the 20-day moving average, which settled at $21.59. In addition, Robinhood Markets Inc saw 83.83% 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 139,916 shares at the price of $19.55 back on Sep 09 ’24. After this action, Bhatt Baiju now owns 0 shares of Robinhood Markets Inc, valued at $2,735,092 using the latest closing price.
BAIJU PRAFULKUMAR BHATT LIVING, the Officer of Robinhood Markets Inc, proposed sale 139,916 shares at $18.94 during a trade that took place back on Sep 09 ’24, which means that BAIJU PRAFULKUMAR BHATT LIVING is holding shares at $2,650,009 based on the most recent closing price.
Stock Fundamentals for HOOD
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.84 for the gross margin
The net margin for Robinhood Markets Inc stands at 0.13. The total capital return value is set at 0.04. Equity return is now at value 4.05, with 0.83 for asset returns.
Based on Robinhood Markets Inc (HOOD), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is -28.91.
Currently, EBITDA for the company is -465.0 million with net debt to EBITDA at 6.72. When we switch over and look at the enterprise to sales, we see a ratio of 10.37. The receivables turnover for the company is 0.3for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In a nutshell, Robinhood Markets Inc (HOOD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
