As of close of business last night, Robinhood Markets Inc’s stock clocked out at $18.05, up 5.19% from its previous closing price of $17.16. In other words, the price has increased by $+0.89 from its previous closing price. On the day, 48320194 shares were traded. HOOD stock price reached its highest trading level at $19.22 during the session, while it also had its lowest trading level at $17.75.
Ratios:
To gain a deeper understanding of HOOD’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bernstein on March 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $30.
On December 01, 2023, Redburn Atlantic started tracking the stock assigning a Neutral rating and target price of $9.50.
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 Mar 12 ’24 when Bhatt Baiju sold 157,177 shares for $16.41 per share. The transaction valued at 2,579,935 led to the insider holds 0 shares of the business.
Gallagher Daniel Martin Jr sold 12,500 shares of HOOD for $198,795 on Mar 05 ’24. The Chief Legal Officer now owns 814,489 shares after completing the transaction at $15.90 per share. On Mar 04 ’24, another insider, Tenev Vladimir, who serves as the Chief Executive Officer of the company, sold 250,000 shares for $16.76 each. As a result, the insider received 4,190,350 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HOOD now has a Market Capitalization of 15.79B and an Enterprise Value of 10.89B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.36 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 5.84 whereas that against EBITDA is -23.68.
Stock Price History:
Over the past 52 weeks, HOOD has reached a high of $17.62, while it has fallen to a 52-week low of $7.91. The 50-Day Moving Average of the stock is 13.10, while the 200-Day Moving Average is calculated to be 11.06.
Shares Statistics:
It appears that HOOD traded 15.25M shares on average per day over the past three months and 18.38M shares per day over the past ten days. A total of 745.40M shares are outstanding, with a floating share count of 438.81M. Insiders hold about 49.82% of the company’s shares, while institutions hold 40.86% stake in the company. Shares short for HOOD as of Feb 29, 2024 were 33.56M with a Short Ratio of 2.20, compared to 31.32M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.84% and a Short% of Float of 4.87%.
Earnings Estimates
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.01, while EPS last year was -$0.57. The consensus estimate for the next quarter is $0.08, with high estimates of $0.14 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.35 and $0.12 for the fiscal current year, implying an average EPS of $0.21. EPS for the following year is $0.24, with 7 analysts recommending between $0.45 and -$0.05.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $506.65M. It ranges from a high estimate of $542.2M to a low estimate of $474.11M. As of the current estimate, Robinhood Markets Inc’s year-ago sales were $424.53M, an estimated increase of 19.30% from the year-ago figure.
A total of 12 analysts have provided revenue estimates for HOOD’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $1.99B, resulting in an average revenue estimate of $2.1B. In the same quarter a year ago, actual revenue was $1.86B, up 12.70% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.25B in the next fiscal year. The high estimate is $2.53B and the low estimate is $1.98B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.
