Robinhood Markets Inc [HOOD] stock prices are up 0.35% to $22.79 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HOOD shares have gain 6.64% over the last week, with a monthly amount glided 4.35%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Robinhood Markets Inc [NASDAQ: HOOD] stock has seen the most recent analyst activity on June 26, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $29 for it. Previously, BofA Securities upgraded its rating to Buy on May 17, 2024, and elevated its price target to $24. On April 11, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $16 on the stock. Keefe Bruyette started tracking the stock assigning a Mkt Perform rating and suggested a price target of $20 on April 03, 2024. KeyBanc Capital Markets reiterated its recommendation of a Overweight and raised its price target to $22 on March 28, 2024. Bernstein started tracking with a Outperform rating for this stock on March 14, 2024, and assigned it a price target of $30. In a note dated December 01, 2023, Redburn Atlantic initiated an Neutral rating and provided a target price of $9.50 on this stock.
The stock price of Robinhood Markets Inc [HOOD] has been fluctuating between $7.91 and $24.28 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Robinhood Markets Inc [NASDAQ: HOOD] shares were valued at $22.79 at the most recent close of the market. An investor can expect a potential drop of -7.85% based on the average HOOD price forecast.
Analyzing the HOOD fundamentals
The Robinhood Markets Inc [NASDAQ:HOOD] reported sales of 2.06B for trailing twelve months, representing a surge of 39.60%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.9.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.44 points at the first support level, and at 22.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.14, and for the 2nd resistance point, it is at 23.48.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.70, the price to book ratio is 2.91 and price to earnings (TTM) ratio is 156.63.
Transactions by insiders
Recent insider trading involved Bhatt Baiju, Director, that happened on Jun 20 ’24 when 0.12 million shares were sold. Chief Executive Officer, Tenev Vladimir completed a deal on Jun 04 ’24 to sell 0.25 million shares. Meanwhile, Chief Legal Officer Gallagher Daniel Martin Jr sold 12500.0 shares on Jun 04 ’24.
