A share price of Robinhood Markets Inc [HOOD] is currently trading at $19.98, up 2.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The HOOD shares have gain 11.50% over the last week, with a monthly amount drifted -12.48%, 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 15, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $24 from $21. Previously, Piper Sandler upgraded its rating to Overweight on August 12, 2024, and elevated its price target to $23. On August 05, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $18 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $29 on June 26, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $24 on May 17, 2024. Citigroup downgraded its rating to Sell for this stock on April 11, 2024, and upped its price target to $16. In a note dated April 03, 2024, Keefe Bruyette initiated an Mkt Perform rating and provided a target price of $20 on this stock.
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 $22.25 within the next 12 months. Robinhood Markets Inc [NASDAQ: HOOD] shares were valued at $19.98 at the most recent close of the market. An investor can expect a potential return of 11.36% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 19.57 points at the first support level, and at 19.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.21, and for the 2nd resistance point, it is at 20.45.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.75, the price to book ratio is 2.48 and price to earnings (TTM) ratio is 61.25.
Transactions by insiders
Recent insider trading involved Bhatt Baiju, Director, that happened on Aug 14 ’24 when 0.14 million shares were sold. Officer, BAIJU PRAFULKUMAR BHATT LIVING completed a deal on Aug 14 ’24 to buy 0.14 million shares. Meanwhile, Chief Executive Officer Tenev Vladimir sold 0.25 million shares on Aug 05 ’24.
