At the time of writing, Robinhood Markets Inc [HOOD] stock is trading at $43.20, up 7.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The HOOD shares have gain 9.26% over the last week, with a monthly amount glided 34.08%, 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 December 09, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $49 from $26. Previously, Goldman upgraded its rating to Buy on December 06, 2024, and elevated its price target to $46. On November 25, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $55 on the stock. Needham upgraded its rating to a Buy but stick to its price target of $40 on November 18, 2024. Barclays upgraded its rating to a Equal Weight and raised its price target to $20 on September 06, 2024. Deutsche Bank upgraded its rating to Buy for this stock on August 15, 2024, and upped its price target to $24. In a note dated August 12, 2024, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $20 to $23.
For the past year, the stock price of Robinhood Markets Inc fluctuated between $10.38 and $42.76. Currently, Wall Street analysts expect the stock to reach $39.89 within the next 12 months. Robinhood Markets Inc [NASDAQ: HOOD] shares were valued at $43.20 at the most recent close of the market. An investor can expect a potential drop of -7.66% based on the average HOOD price forecast.
Analyzing the HOOD fundamentals
According to Robinhood Markets Inc [NASDAQ:HOOD], the company’s sales were 2.44B for trailing twelve months, which represents an 37.10% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.06.
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 41.21 points at the first support level, and at 39.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.51, and for the 2nd resistance point, it is at 45.82.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 16.02, the price to book ratio is 5.30 and price to earnings (TTM) ratio is 73.62.
Transactions by insiders
Recent insider trading involved Bhatt Baiju, Director, that happened on Dec 12 ’24 when 45077.0 shares were sold. Director, Malka Meyer completed a deal on Dec 12 ’24 to sell 32894.0 shares. Meanwhile, Director Bhatt Baiju sold 0.19 million shares on Dec 11 ’24.
