The stock of Robinhood Markets Inc. (NASDAQ:HOOD) decreased by -$0.07 on Monday to finish at $10.65, down -0.65 percent. The last five days have seen an average of 7,480,040 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $2.51. The average number of shares traded over the last 20 days was 10,499,620, while the average volume over the last 50 days totaled 10,896,302.
HOOD stock dropped -13.97% since last month. On 08/14/23, the company’s shares reached a one-month low of $10.51. The stock touched a high of $13.23 on 07/19/23, after rallying from a low of $7.57 in 52 weeks. The price of HOOD stock has risen by 30.84% or $2.51 this year, reaching a new high 20 times. Still, the stock price is down -19.50% from the 52-week high.
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Insider Transactions
HOOD stock investors should be aware that Robinhood Markets Inc. (HOOD) stock had its last reported insider trading activity 11 days ago on Aug 04. On Aug 04, Chief Executive Officer Tenev Vladimir sold 83,333 shares at $11.45 each. This transaction resulted in the insider making $953,921. On Aug 03, Gallagher Daniel Martin Jr sold 12,500 shares at a price of US$11.56. After the transaction, the insider now owns 585,467 shares. Chief Creative Officer Bhatt Baiju had earlier sold 29,606 shares on Aug 02 for $12.45 a share. The transaction was completed for $368,660.
Valuation Metrics
Beta for the stock is 1.34. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.82, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 8.53.
Financial Health
For the three months ended June 29, Robinhood Markets Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 89.00% percent. Robinhood Markets Inc.’s operating margin stood at -49.00% for the same period. Based on annual data, it had gross profit of -$1.01 billion and revenue of $1.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HOOD’s return on assets (ROA) during the last 12 months has been -3.20%. There was a -11.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -11.80%.
Earnings Surprise
According to Robinhood Markets Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $486.0 million, while revenues rose by 34.57% to $441.0 million. It was predicted that Robinhood Markets Inc.’s quarterly earnings would be $0.03, but it ended up being -$0.01. EBITDA was $35.0 million for the quarter. At the end of Robinhood Markets Inc.’s most recent quarter ended June 29, its total debt was $3.12 billion. Equity owned by shareholders amounts to $911.35 million.
Technical Picture
Here’s a quick look at Robinhood Markets Inc.’s (HOOD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 26.36%, suggesting the stock is oversold, with a 31.73% historical volatility rate.
The stochastic %K and %D were 4.77% and 4.45% respectively, while the average true range (ATR) was 0.46. Based on the 14-day stochastic reading of 5.59%, the RSI (14) reading is 36.54%. On the 9-day MACD Oscillator, the stock is at -0.48, and the 14-day reading is at -1.02.
Analyst Ratings
In a note to investors, Morgan Stanley maintained its an Equal-weight rating on Robinhood Markets Inc. (NASDAQ: HOOD). However, the firm raised their price target to $13, indicating a possible increase of 11.25% in the stock price. Analysts have assigned Robinhood Markets Inc. (HOOD) an Hold rating. HOOD is a stock that is recommended for selling by 2 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is HOOD’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $25.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for Robinhood Markets Inc. (HOOD) is $12.92.
