Robinhood Markets Inc (NASDAQ:HOOD) finished Thursday with an addition of $0.11 to close at $9.68, an upside of 1.15 percent. An average of 4,662,520 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 6,950,655 shares traded, while the 50-day average volume stands at 7,907,624.
HOOD stock has decreased by -12.16% in the last month. The company shares reached their 1-month lowest point of $9.44 on 09/27/23. 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 18.92% or $1.54 in price. In spite of this, the price is down -26.83% 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 17 days ago on Sep 12. In this transaction, the insider spent $877,071. Chief Legal Officer, Gallagher Daniel Martin Jr, disposed of 80,000 shares at a price of $10.85 on Sep 12. The insider now owns more than $867,792 worth of shares. Prior to that, Chief Executive Officer Tenev Vladimir went on to Sale 83,334 shares at $10.77 each on Sep 05. An amount of $897,282 was transacted.
Valuation Metrics
Robinhood Markets Inc (HOOD) stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.22, the price-to-book (PB) ratio at 1.23, and the price-to-cash flow ratio at 2.62.
Financial Health
Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.63 for the quarter ending June 29. Its gross profit as reported stood at -$1.01 billion compared to revenue of $1.36 billion.
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 28 September was 27.22%, suggesting the stock is oversold, with historical volatility in this time frame at 20.72%.
As of today, HOOD’s price is $9.63 -1.53% or -$0.15 from its 5-day moving average. HOOD is currently trading -12.48% lower than its 20-day SMA and +9.38% higher than its 100-day SMA. However, the stock’s current price level is -26.22% below the SMA50 and +3.97% above the SMA200.
The stochastic %K and %D were 8.73% and 6.88%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 15.29% and the average true range at 0.32, the RSI (14) stands at 31.25%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -0.61.
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 19.33% 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”.
