A correction may be in store for Robinhood Markets Inc. (NASDAQ:HOOD) shares?

As of close of business last night, Robinhood Markets Inc.’s stock clocked out at $9.09, up 2.71% from its previous closing price of $8.85. In other words, the price has increased by $+0.24 from its previous closing price. On the day, 7776520 shares were traded.

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To gain a deeper understanding of HOOD’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On June 27, 2022, Goldman Upgraded its rating to Neutral which previously was Sell and also lowered its target price recommendation from $11.50 to $9.50.

Atlantic Equities Downgraded its Neutral to Underweight on June 15, 2022, whereas the target price for the stock was revised from $15 to $5.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 02 when Tenev Vladimir sold 29,368 shares for $11.63 per share. The transaction valued at 341,500 led to the insider holds 1,411,270 shares of the business.

Bhatt Baiju sold 29,366 shares of HOOD for $341,497 on Nov 02. The Chief Creative Officer now owns 399,032 shares after completing the transaction at $11.63 per share. On Aug 18, another insider, Gallagher Daniel Martin Jr, who serves as the Chief Legal Officer of the company, sold 27,181 shares for $10.11 each. As a result, the insider received 274,841 and left with 211,567 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 6.20 while its Price-to-Book (P/B) ratio in mrq is 1.15.

Stock Price History:

Over the past 52 weeks, HOOD has reached a high of $29.36, while it has fallen to a 52-week low of $6.81. The 50-Day Moving Average of the stock is 10.36, while the 200-Day Moving Average is calculated to be 10.37.

Shares Statistics:

It appears that HOOD traded 11.86M shares on average per day over the past three months and 21.65M shares per day over the past ten days. A total of 882.36M shares are outstanding, with a floating share count of 694.68M. Insiders hold about 0.50% of the company’s shares, while institutions hold 66.40% stake in the company. Shares short for HOOD as of Oct 13, 2022 were 34.96M with a Short Ratio of 34.62M, compared to 37.88M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.97% and a Short% of Float of 6.19%.

Earnings Estimates

As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.39, while EPS last year was -$2.06. The consensus estimate for the next quarter is -$0.21, with high estimates of -$0.16 and low estimates of -$0.25.

Analysts are recommending an EPS of between -$1.19 and -$1.43 for the fiscal current year, implying an average EPS of -$1.32. EPS for the following year is -$0.71, with 10 analysts recommending between -$0.22 and -$1.12.

Revenue Estimates

A total of 14 analysts have provided revenue estimates for HOOD’s current fiscal year. The highest revenue estimate was $1.52B, while the lowest revenue estimate was $1.28B, resulting in an average revenue estimate of $1.38B. In the same quarter a year ago, actual revenue was $1.82B, down -23.90% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.86B in the next fiscal year. The high estimate is $2.24B and the low estimate is $1.51B. The average revenue growth estimate for next year is up 34.60% from the average revenue estimate for this year.