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Is Robinhood Markets Inc. (NASDAQ: HOOD) A Great Stock To Invest In?

Robinhood Markets Inc. (NASDAQ:HOOD) traded at $9.74 at last check on Tuesday, January 24, made an upward move of 0.31% on its previous day’s price.

Looking at the stock we see that its previous close was $9.71 with the day’s price range being $9.43 – $9.78. In terms of its 52-week price range, HOOD has a high of $16.49 and a low of $6.81. The company’s stock has gained about 19.88% over that past 30 days.

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Robinhood Markets Inc. has a market cap of $8.19 billion and is expected to release its quarterly earnings report on Nov 02, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.31, with the EPS growth for the year raised at -$1.32 for 2022 and -$0.71 for next year. These figures represent 82.40% and 46.20% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $355.27 million, with a low of $309.5 million and a high of $392.37 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.38 billion, or -23.90% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HOOD stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is 13.37% off its SMA20 and 8.42% from its 50-day simple moving average. The RSI (14) is pointing at 62.91 while the volatility over the past week is 4.43% and jumps to 4.41% over the past one month.

Coming back to Robinhood Markets Inc. (NASDAQ:HOOD), we note that the average 3-month trading volume was 10.06 million, while that of the preceding 10-day period stands at 6.85 million. Current shares outstanding are 882.36 million.

The insiders hold 0.40% of the company’s shares while institutions hold 67.70%. The data shows that short shares as of Oct 13, 2022, stood at 34.96 million at a short ratio of 3.17. This represents a 3.97% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 37.88 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 19.29% up in year-to-date price movement.

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