The stock of Robinhood Markets Inc (HOOD) has gone up by 10.40% for the week, with a 31.08% rise in the past month and a 70.23% rise in the past quarter. The volatility ratio for the week is 6.49%, and the volatility levels for the past 30 days are 5.79% for HOOD. The simple moving average for the past 20 days is 16.99% for HOOD’s stock, with a 68.69% simple moving average for the past 200 days.
Is It Worth Investing in Robinhood Markets Inc (NASDAQ: HOOD) Right Now?
Robinhood Markets Inc (NASDAQ: HOOD) has a higher price-to-earnings ratio of 60.80x compared to its average ratio, The 36-month beta value for HOOD is at 1.99. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for HOOD is 612.73M, and currently, shorts hold a 3.26% of that float. The average trading volume for HOOD on November 22, 2024 was 16.30M shares.
HOOD) stock’s latest price update
Robinhood Markets Inc (NASDAQ: HOOD)’s stock price has gone rise by 1.68 in comparison to its previous close of 35.09, however, the company has experienced a 10.40% increase in its stock price over the last five trading days. youtube.com reported 2024-11-22 that Devin Ryan of Citizens JMP and Sarah Kunst of Cleo Capital discuss the surge in crypto interest, with Ryan noting growth in volumes and opportunities in payments and stablecoins, while Kunst highlights increasing institutional interest and potential acquisitions in the crypto space. Both see strong growth ahead for companies like Coinbase and Robinhood.
Analysts’ Opinion of HOOD
Many brokerage firms have already submitted their reports for HOOD stocks, with Needham repeating the rating for HOOD by listing it as a “Buy.” The predicted price for HOOD in the upcoming period, according to Needham is $40 based on the research report published on November 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see HOOD reach a price target of $20, previously predicting the price at $18. The rating they have provided for HOOD stocks is “Equal Weight” according to the report published on September 06th, 2024.
Deutsche Bank gave a rating of “Buy” to HOOD, setting the target price at $24 in the report published on August 15th of the current year.
HOOD Trading at 32.46% 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 -6.38% of loss for the given period.
Volatility was left at 5.79%, however, over the last 30 days, the volatility rate increased by 6.49%, as shares surge +30.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.10% upper at present.
During the last 5 trading sessions, HOOD rose by +9.33%, which changed the moving average for the period of 200-days by +214.93% in comparison to the 20-day moving average, which settled at $30.48. In addition, Robinhood Markets Inc saw 180.06% 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 Warnick Jason, who sale 50,000 shares at the price of $35.00 back on Nov 18 ’24. After this action, Warnick Jason now owns 962,032 shares of Robinhood Markets Inc, valued at $1,750,000 using the latest closing price.
JASON WARNICK, the Officer of Robinhood Markets Inc, proposed sale 50,000 shares at $32.32 during a trade that took place back on Nov 18 ’24, which means that JASON WARNICK is holding shares at $1,616,000 based on the most recent closing price.
Stock Fundamentals for HOOD
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.7 for the gross margin
The net margin for Robinhood Markets Inc stands at 0.22. The total capital return value is set at 0.06. Equity return is now at value 7.62, with 1.51 for asset returns.
Currently, EBITDA for the company is -442.0 million with net debt to EBITDA at 4.39. When we switch over and look at the enterprise to sales, we see a ratio of 14.2. The receivables turnover for the company is 0.44for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In conclusion, Robinhood Markets Inc (HOOD) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
