As of Wednesday close, Robinhood Markets Inc.’s (NASDAQ:HOOD) stock was down -$0.25, moving down -2.39 percent to $10.22. The average number of shares traded per day over the past five days has been 6,071,780 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.40 fall in that time frame. In the last twenty days, the average volume was 7,289,410, while in the previous 50 days, it was 9,158,018.
Since last month, HOOD stock retreated -1.64%. Shares of the company fell to $10.13 on 08/21/23, the lowest level in the past month. A 52-week high of $13.23 was reached on 07/19/23 after having rallying from a 52-week low of $7.57. Since the beginning of this year, HOOD’s stock price has risen by 25.55% or $2.08, and marked a new high 20 times. However, the stock has declined by -22.75% since its 52-week high.
HOOD stock investors should be aware that Robinhood Markets Inc. (HOOD) stock had its last reported insider trading activity 9 days ago on Sep 12. Bhatt Baiju, the Chief Creative Officer of the company, disposed of 80,720 shares for $10.87 on Sep 12. It resulted in a $877,071 divestment by the insider. Gallagher Daniel Martin Jr sold 80,000 shares at an average price of $10.85 on Sep 12. The insider now owns 581,665 shares following the transaction. On Sep 05, Chief Executive Officer Tenev Vladimir sold 83,334 shares at $10.77 apiece. The transaction was valued at $897,282.
Valuation Metrics
The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 5.53, the price-to-book (PB) ratio of 1.24, and the price-to-cash flow ratio of 8.10 may also be considered.
Financial Health
In the three months ended June 29, 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 89.00% percent. In the year ended June 29, operating margins totaled -49.00%. 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 -11.80%.
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 34.57% to $441.0 million during the quarter, while net income inched up to $486.0 million. While analysts expected Robinhood Markets Inc. to report -$0.01 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $35.0 million in EBITDA. The value of shareholders’ equity is $911.35 million.
Technical Picture
This quick technical analysis looks at Robinhood Markets Inc.’s (HOOD) price momentum. With a historical volatility rate of 16.10%, the RSI 9-day stood at 29.15% on 20 September.
With respect to its five-day moving average, the current Robinhood Markets Inc. price is down by -3.77% percent or -$0.40. At present, HOOD shares trade -1.54% below its 20-day simple moving average and +15.87% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.61% below its SMA50 and +3.55% above its SMA200.
Stochastic coefficient K was 10.23% and Stochastic coefficient D was 17.24%, while ATR was 0.30. Given the Stochastic reading of 0.86% for the 14-day period, the RSI (14) reading has been calculated as 35.82%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at -0.28.
Analyst Ratings
Morgan Stanley reiterated its an Equal-weight rating on Robinhood Markets Inc. (NASDAQ: HOOD) in a note to investors. The analysts firm has however raised their price target to $13, representing a possible 14.83% increase in the stock price. 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 1 analyst 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 $12.00, the current consensus forecast for the stock is $9.00 – $25.00. Based on these forecasts, analysts predict Robinhood Markets Inc. (HOOD) will achieve an average price target of $12.94.
