Robinhood Markets Inc [HOOD] stock prices are down -1.67% to $29.36 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 24.99% over the last week, with a monthly amount glided 14.46%, 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 September 06, 2024, when Barclays upgraded its rating to a Equal Weight and also boosted its price target to $20 from $18. Previously, Deutsche Bank upgraded its rating to Buy on August 15, 2024, and elevated its price target to $24. On August 12, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $23 on the stock. Citigroup upgraded its rating to a Neutral but stick to its price target of $18 on August 05, 2024. Wolfe Research upgraded its rating to a Outperform but $29 remained the price target by the analyst firm on June 26, 2024. BofA Securities upgraded its rating to Buy for this stock on May 17, 2024, and upped its price target to $24. In a note dated April 11, 2024, Citigroup downgraded an Sell rating on this stock and boosted its target price from $13 to $16.
The stock price of Robinhood Markets Inc [HOOD] has been fluctuating between $7.91 and $30.06 over the past year. Currently, Wall Street analysts expect the stock to reach $23.38 within the next 12 months. Robinhood Markets Inc [NASDAQ: HOOD] shares were valued at $29.36 at the most recent close of the market. An investor can expect a potential drop of -20.37% based on the average HOOD price forecast.
Analyzing the HOOD fundamentals
The Robinhood Markets Inc [NASDAQ:HOOD] reported sales of 2.44B for trailing twelve months, representing a surge of 37.10%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.32.
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 28.67 points at the first support level, and at 27.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.04, and for the 2nd resistance point, it is at 30.73.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.65, the price to book ratio is 3.60 and price to earnings (TTM) ratio is 50.03.
Transactions by insiders
Recent insider trading involved Bhatt Baiju, Director, that happened on Nov 05 ’24 when 0.11 million shares were sold. 10% Owner, Bullfrog Capital, L.P. completed a deal on Nov 07 ’24 to buy 0.11 million shares. Meanwhile, Chief Executive Officer Tenev Vladimir sold 0.25 million shares on Nov 04 ’24.
