Robinhood Markets Inc (NASDAQ:HOOD) traded at $42.38 at last check on current trade day and made an upward move of 5.42% on its previous day’s price.
Looking at the stock we see that its previous close was $40.20 and the beta (5Y monthly) reads 1.839 with the day’s price range being $40.5401 – $42.65. The company has a trailing 12-month PE ratio of 72.22. In terms of its 52-week price range, HOOD has a high of $42.76 and a low of $10.38. The company’s stock has gained about 31.53% over that past 30 days.
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Robinhood Markets Inc has a market cap of $38.29 billion and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 819.83M, with a low of 636.8M and a high of 922M. The median projection represents growth squeezing down to 74.06% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 2.71B, or 45.54% up from figures reported last year.
On the other hand, looking at the outlook for the HOOD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 18 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Robinhood Markets Inc (HOOD) stock as a Hold, while 10 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 5 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the HOOD stock currently stands at 10.32, and the most recent price level today is 11.38% off its SMA20 and 33.31% from its 50-day simple moving average. The RSI (14) is pointing at 68.50 while the volatility over the past week is 6.96% and jumps to 6.31% over the past one month. The beta value is 2.09, while the average true range (ATR) is currently pointing at 2.35. The average price target for the stock over the next 12 months is $40, with the estimates having a low of $18 and a high of $60. These price ends are 57.53% and -41.58% off the today’s price level respectively, although investors could be excited at the prospect of a 5.62% if the HOOD share price touches on the median price of $40.
Coming back to Robinhood Markets Inc (NASDAQ:HOOD), we note that the average 3-month trading volume was 19.75 million, while that of the preceding 10-day period stands at 28.08 million. Current shares outstanding are 761.99 million.
The insiders hold 30.54% of the company’s shares while institutions hold 50.29%. The data shows that short shares as of 2024-11-29, stood at 16.37 million at a short ratio of 0.65. This represents a 229.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 19.96 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 232.65% up in year-to-date price movement.
