Robinhood Markets Inc. (NASDAQ:HOOD) finished Thursday with a subtraction of -$0.13 to close at $10.37, a downside of -1.24 percent. An average of 6,436,240 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 8,706,170 shares traded, while the 50-day average volume stands at 10,662,942.
HOOD stock has decreased by -18.60% in the last month. The company shares reached their 1-month lowest point of $9.84 on 08/18/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $7.57 and a high of $13.23 in 52 weeks. It has reached a new high 20 times so far this year and achieved 27.40% or $2.23 in price. In spite of this, the price is down -21.62% from the 52-week high.
Insider Transactions
HOOD stock investors should be aware that Robinhood Markets Inc. (HOOD) stock had its last reported insider trading activity 14 days ago on Aug 11. In this transaction, the insider spent $870,859. Chief Executive Officer, Tenev Vladimir, disposed of 83,333 shares at a price of $11.45 on Aug 04. The insider now owns more than $953,921 worth of shares. Prior to that, Chief Legal Officer Gallagher Daniel Martin Jr went on to Sale 12,500 shares at $11.56 each on Aug 03. An amount of $144,559 was transacted.
Valuation Metrics
Robinhood Markets Inc. (HOOD) stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.57, the price-to-book (PB) ratio at 1.26, and the price-to-cash flow ratio at 8.15.
Financial Health
The quick ratio of Robinhood Markets Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.41 for the quarter ending June 29. Its gross profit as reported stood at -$1.01 billion compared to revenue of $1.36 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Robinhood Markets Inc.’s return on assets was -3.20%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $25.0 million in the quarter, while revenues were grew 1280.0%. The analyst consensus anticipated Robinhood Markets Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be $0.03, a 400.00% surprise. For the quarter, EBITDA amounted to $35.0 million. At the end of the quarter ending June 29, Robinhood Markets Inc.’s stock balance sheet showed total debt was $3.12 billion. Shareholders own equity worth $911.35 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Robinhood Markets Inc. (HOOD) price momentum. RSI 9-day as of the close on 24 August was 34.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.39%.
As of today, HOOD’s price is $10.38 +2.98% or $0.30 from its 5-day moving average. HOOD is currently trading -15.21% lower than its 20-day SMA and +6.80% higher than its 100-day SMA. However, the stock’s current price level is +8.02% above the SMA50 and -15.55% below the SMA200.
The stochastic %K and %D were 31.28% and 26.36%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 31.93% and the average true range at 0.40, the RSI (14) stands at 38.13%. The stock has reached 0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.
Analyst Ratings
Morgan Stanley reiterated its an Equal-weight rating on Robinhood Markets Inc. (NASDAQ: HOOD), but raised their price target to $12, indicating a potential price increase of 13.58% for the stock. The consensus rating for Robinhood Markets Inc. (HOOD) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell HOOD, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is HOOD’s price target for the next 12 months?
Analysts predict a range of price targets between $9.00 and $25.00, with a median target of $12.25. Taking a look at these predictions, the average price target given by analysts for Robinhood Markets Inc. (HOOD) stock is $13.25.
