Robinhood Markets Inc (NASDAQ:HOOD) saw a downside of -0.21% to close Monday at $9.68 after subtracting -$0.02 on the day. The 5-day average trading volume is 5,200,920 shares of the company’s common stock. It has gained $10.65 in the past week and touched a new high 2 times within the past 5 days. An average of 7,331,015 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,520,744.
HOOD’s 1-month performance is -6.65% or -$0.86 on its low of $9.55 reached on 09/25/23. The company’s shares have touched a 52-week low of $7.57 and high of $13.23, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, HOOD has achieved 18.92% or $1.54 and has reached a new high 20 times. However, the current price is down -26.83% from the 52-week high price.
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Insider Transactions
HOOD stock investors last saw insider trading activity on Sep 12.Bhatt Baiju (Chief Creative Officer) most recently sold 80,720 shares at $10.87 per share on Sep 12. This transaction cost the insider $877,071. Chief Legal Officer, Gallagher Daniel Martin Jr, sold 80,000 shares at a price of $10.85 on Sep 12. Then, on Sep 05, Chief Executive Officer Tenev Vladimir sold 83,334 shares at a price of $10.77 per share. This transaction amounted to $897,282.
Valuation Metrics
HOOD stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.22 while the price-to-book (PB) in the most recent quarter is 1.23, with the price to cash flow ratio at 2.62.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.02, while the total debt to equity was 0.63. In terms of profitability, the gross margin trailing 12 months is 86.52%. The firm’s gross profit as reported stood at -$1.01 billion against revenue of $1.36 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1280.0% to $25.0 million, while revenue of -$511.0 million was 2144.0% off the previous quarter. Analysts expected HOOD to announce -$0.01 per share in earnings in its latest quarter, but it posted $0.03, representing a 400.00% surprise. EBITDA for the quarter stood at more than $35.0 million. Shareholders hold equity totaling $911.35 million.
Let’s look briefly at Robinhood Markets Inc (HOOD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 18.95% to suggest the stock is trending oversold, with historical volatility in this time period at 18.20%.
The stock’s 5-day moving average is $9.98, reflecting a -8.68% or -$0.92 change from its current price. HOOD is currently trading -8.16% above its 20-day SMA, +14.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.81% and SMA200 by+3.09%.
Stochastic %K and %D was 4.63% and 3.57% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 27.59%, while the 14-day stochastic is at 8.90% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at -0.53 and -0.71 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Robinhood Markets Inc (NASDAQ: HOOD), Morgan Stanley reiterated its an Equal-weight rating for the company but lifted their price target by $12 to $13. Analysts offering their rating for HOOD stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate HOOD as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is HOOD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $25.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Robinhood Markets Inc (HOOD) stock is $12.94.
