Robinhood Markets Inc. (HOOD) Is A Stock You Should Watch


As of Thursday close, Robinhood Markets Inc.’s (NASDAQ:HOOD) stock traded at $8.60. The average number of shares traded per day over the past five days has been 4,812,700 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.02 fall in that time frame. In the last twenty days, the average volume was 7,865,230, while in the previous 50 days, it was 6,899,230.

Since last month, HOOD stock retreated -2.49%. Shares of the company fell to $8.21 on 05/04/23, the lowest level in the past month. A 52-week high of $12.76 was reached on 02/02/23 after having rallying from a 52-week low of $6.81. Since the beginning of this year, HOOD’s stock price has risen by 5.65% or $0.46, and marked a new high 15 times. However, the stock has declined by -32.60% since its 52-week high.

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HOOD stock investors should be aware that Robinhood Markets Inc. (HOOD) stock had its last reported insider trading activity 15 days ago on May 11. Bhatt Baiju, the Chief Creative Officer of the company, disposed of 96,472 shares for $9.52 on May 11. It resulted in a $918,056 divestment by the insider. Tenev Vladimir sold 83,333 shares at an average price of $8.40 on May 04. The insider now owns 983,301 shares following the transaction. On May 03, Chief Executive Officer Tenev Vladimir sold 23,311 shares at $8.41 apiece. The transaction was valued at $195,964.

Financial Health

In the three months ended March 30, Robinhood Markets Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 87.70% percent. In the year ended March 30, operating margins totaled -75.30%. Based on annual data, HOOD earned -$1.01 billion in gross profit and brought in $1.36 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -11.50%. Return on equity (ROE) for the past 12 months was -16.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HOOD’s revenue rose 32.2% during the quarter, while net income inched up to $441.0 million. While analysts expected Robinhood Markets Inc. to report -$0.61 quarterly earnings, the actual figure was -$0.57 per share, beating the consensus estimate by 6.60%. During the quarter, the company generated -$489.0 million in EBITDA. The value of shareholders’ equity is $902.96 million.

Technical Picture

This quick technical analysis looks at Robinhood Markets Inc.’s (HOOD) price momentum. With a historical volatility rate of 31.08%, the RSI 9-day stood at 44.49% on 25 May.

With respect to its five-day moving average, the current Robinhood Markets Inc. price is down by -0.23% percent or -$0.02. At present, HOOD shares trade -2.49% below its 20-day simple moving average and +5.65% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.52% below its SMA50 and -14.85% below its SMA200.

Stochastic coefficient K was 20.67% and Stochastic coefficient D was 23.45%, while ATR was 0.33. Given the Stochastic reading of 17.58% for the 14-day period, the RSI (14) reading has been calculated as 44.07%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at -0.14.

Analyst Ratings

Robinhood Markets Inc. (HOOD) has been rated Hold by analysts. According to 2 brokerage firms, HOOD is a sell, and 7 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Robinhood Markets Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $8.00 – $25.00. Based on these forecasts, analysts predict Robinhood Markets Inc. (HOOD) will achieve an average price target of $11.69.


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