Robinhood Markets Inc (NASDAQ:HOOD) shares, rose in value on Thursday, February 13, with the stock price up by 14.11% to the previous day’s close as strong demand from buyers drove the stock to $63.80.
Actively observing the price movement in the last trading, the stock closed the session at $55.91. The PE ratio was 40.85 over 12-month period. Referring to stock’s 52-week performance, its high was $57.27, and the low was $11.43. On the whole, HOOD has fluctuated by 52.78% over the past month.
With the market capitalization of Robinhood Markets Inc currently standing at about $56.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.75B, with a low estimate of 812M and a high estimate of 985.74M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 915.78M.
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 100% 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 8.29, with the price of HOOD currently trading nearly 21.97% and 42.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.75, while the 7-day volatility ratio is showing 5.75% which for the 30-day chart, stands at 5.09%. Furthermore, Robinhood Markets Inc (HOOD)’s beta value is 2.13, and its average true range (ATR) is 3.25.
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 14.11% in last session, and over the past year, it grew by 431.22%%.
Data on historical trading for Robinhood Markets Inc (NASDAQ:HOOD) indicates that the trading volumes over the past 3 months, they’ve averaged 23.00 million. According to company’s latest data on outstanding shares, there are 764.90 million shares outstanding.
Nearly 32.10% of Robinhood Markets Inc’s shares belong to company insiders and institutional investors own 52.83% of the company’s shares. The stock has risen by 71.23% 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.
