Is Robinhood Markets Inc. (NASDAQ: HOOD) Doomed To Fail? – Stocks Register
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Is Robinhood Markets Inc. (NASDAQ: HOOD) Doomed To Fail?

The trading price of Robinhood Markets Inc. (NASDAQ:HOOD) closed lower on Tuesday, October 12, closing at $40.53, -3.66% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $40.50 and $42.05. In examining the 52-week price action we see that the stock hit a 52-week high of $85.00 and a 52-week low of $33.25. Over the past month, the stock has lost -0.17% in value.


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Robinhood Markets Inc., whose market valuation is $34.72 billion at the time of this writing, is expected to release its quarterly earnings report Oct 26, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$1.34 per share this quarter, however they have predicted annual earnings per share of -$5.85 for 2021 and -$0.15 for 2022. It means analysts are expecting annual earnings per share growth of 97.40% next year.

Analysts have forecast the company to bring in revenue of $423.69 million for the current quarter, with the likely lows of $381.16 million and highs of $502 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $1.99 billion.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Robinhood Markets Inc. 2 upward and no downward comments were posted in the last 7 days.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HOOD a recommendation rating is 14. Out of them, 6 rate it a Hold, while 6 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Robinhood Markets Inc. (HOOD) as Underweight, while 1 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that HOOD’s price is currently -5.10% off the SMA20 and -10.71% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.73, and weekly volatility stands at 2.98%. When measured over the past 30 days, the indicator reaches 4.51%. Robinhood Markets Inc. (NASDAQ:HOOD)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.82. With analysts defining $35.00-$84.20 as the low and high price targets, we arrive at a consensus price target of $55.19 for the trailing 12-month period. The current price is about 13.64% off the estimated low and -107.75% off the forecast high, based on this estimate. Investors will be thrilled if HOOD’s share price rises to $55.20, which is the median consensus price. At that level, HOOD’s share price would be -36.2% below current price.

To see how Robinhood Markets Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: HOOD stock’s performance was -3.66% in the latest trading. Robinhood Markets Inc. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has plunged -0.24%, while the Dow Jones Industrial also saw a negative session, down -0.34% on the day.

An evaluation of the daily trading volume of Robinhood Markets Inc. (NASDAQ:HOOD) indicates that the 3-month average is 19.06 million.

Currently, records show that 856.67 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 37.00%. However, since the stock’s price has seen 16.40% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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