A share price of Robinhood Markets Inc [HOOD] is currently trading at $18.54, up 3.46%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HOOD shares have gain 12.91% over the last week, with a monthly amount drifted -16.79%, and not 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 August 12, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $23 from $20. Previously, Citigroup upgraded its rating to Neutral on August 05, 2024, and kept the price target unchanged to $18. On June 26, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $29 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $24 on May 17, 2024. Citigroup downgraded its rating to a Sell and raised its price target to $16 on April 11, 2024. Keefe Bruyette started tracking with a Mkt Perform rating for this stock on April 03, 2024, and assigned it a price target of $20. In a note dated March 28, 2024, KeyBanc Capital Markets reiterated an Overweight rating on this stock and boosted its target price from $15 to $22.
Robinhood Markets Inc experienced fluctuations in its stock price throughout the past year between $7.91 and $24.88. Currently, Wall Street analysts expect the stock to reach $21.38 within the next 12 months. Robinhood Markets Inc [NASDAQ: HOOD] shares were valued at $18.54 at the most recent close of the market. An investor can expect a potential return of 15.32% based on the average HOOD price forecast.
Analyzing the HOOD fundamentals
Trailing Twelve Months sales for Robinhood Markets Inc [NASDAQ:HOOD] were 2.26B which represents 40.12% growth. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.0.
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 18.17 points at the first support level, and at 17.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.85, and for the 2nd resistance point, it is at 19.16.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.20, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 56.84.
Transactions by insiders
Recent insider trading involved VLADIMIR TENEV, Director, that happened on Aug 05 ’24 when 0.5 million shares were purchased. Director, TENEV 2017 IRR TRUST AGREEMENT completed a deal on Aug 05 ’24 to buy 0.33 million shares. Meanwhile, Chief Executive Officer Tenev Vladimir sold 0.25 million shares on Aug 05 ’24.
