Robinhood Markets Inc (NASDAQ: HOOD) has a higher price-to-earnings ratio of 84.58x compared to its average ratio. HOOD has 36-month beta value of 1.84. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for HOOD is 595.39M, and currently, short sellers hold a 3.82% ratio of that float. The average trading volume of HOOD on October 25, 2024 was 14.19M shares.
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HOOD) stock’s latest price update
The stock of Robinhood Markets Inc (NASDAQ: HOOD) has increased by 1.36 when compared to last closing price of 27.22. Despite this, the company has experienced a 2.83% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-25 that Evaluate the expected performance of Robinhood Markets (HOOD) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
HOOD’s Market Performance
Robinhood Markets Inc (HOOD) has seen a 2.83% rise in stock performance for the week, with a 23.00% gain in the past month and a 30.26% surge in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 4.23% for HOOD. The simple moving average for the past 20 days is 8.23% for HOOD’s stock, with a 43.73% 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 20.76% 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 -0.04% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares surge +14.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.95% upper at present.
During the last 5 trading sessions, HOOD rose by +1.98%, which changed the moving average for the period of 200-days by +125.37% in comparison to the 20-day moving average, which settled at $25.48. In addition, Robinhood Markets Inc saw 116.56% 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 98,404 shares at the price of $26.40 back on Oct 17 ’24. After this action, Bhatt Baiju now owns 0 shares of Robinhood Markets Inc, valued at $2,597,895 using the latest closing price.
BAIJU PRAFULKUMAR BHATT LIVING, the Officer of Robinhood Markets Inc, proposed sale 98,404 shares at $26.93 during a trade that took place back on Oct 17 ’24, which means that BAIJU PRAFULKUMAR BHATT LIVING is holding shares at $2,650,020 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 11.98. The receivables turnover for the company is 0.3for trailing twelve months and the total asset turnover is 0.05.
Conclusion
To put it simply, Robinhood Markets Inc (HOOD) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
