Robinhood Markets Inc (NASDAQ:HOOD) shares, rose in value on Thursday, January 02, with the stock price up by 4.13% to the previous day’s close as strong demand from buyers drove the stock to $38.80.
Actively observing the price movement in the recent trading, the stock is buoying the session at $37.26, falling within a range of $37.35 and $39.697. The value of beta (5-year monthly) is 1.839 whereas the PE ratio is 66.12 over 12-month period. Referring to stock’s 52-week performance, its high was $43.83, and the low was $10.38. On the whole, HOOD has fluctuated by 3.14% over the past month.
With the market capitalization of Robinhood Markets Inc currently standing at about $34.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.75B, with a low estimate of 636.8M and a high estimate of 971M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 866.37M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HOOD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 9.45, with the price of HOOD currently trading nearly -0.88% and 12.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.38, while the 7-day volatility ratio is showing 4.95% which for the 30-day chart, stands at 6.83%. Furthermore, Robinhood Markets Inc (HOOD)’s beta value is 2.08, and its average true range (ATR) is 2.44.
A comparison of Robinhood Markets Inc (HOOD) with its peers suggests the former has fared considerably weaker in the market. HOOD showed an intraday change of 4.13% in today’s session so far, and over the past year, it grew by 213.66%%.
Data on historical trading for Robinhood Markets Inc (NASDAQ:HOOD) indicates that the trading volumes over the past 10 days have averaged 19.54 and over the past 3 months, they’ve averaged 21.35 million. According to company’s latest data on outstanding shares, there are 761.99 million shares outstanding.
Nearly 31.70% of Robinhood Markets Inc’s shares belong to company insiders and institutional investors own 50.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.64 million shares as on 2024-12-13, resulting in a short ratio of 0.58. According to the data, the short interest in Robinhood Markets Inc (HOOD) stood at 205.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 23.85 million. The stock has risen by 4.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HOOD stock heading into the next quarter.
