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The closing price of Robinhood Markets Inc (NASDAQ: HOOD) was $26.80 for the day, down -0.74% from the previous closing price of $27.00. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 16.4 million shares were traded. HOOD stock price reached its highest trading level at $27.33 during the session, while it also had its lowest trading level at $25.905.
Ratios:
Our analysis of HOOD’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.01 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 the company, Barclays on September 06, 2024, Upgraded its rating to Equal Weight and sets its target price to $20 from $18 previously.
On August 15, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $21 to $24.
Piper Sandler Upgraded its Neutral to Overweight on August 12, 2024, whereas the target price for the stock was revised from $20 to $23.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 08 ’24 when Quirk Steven M. sold 208,291 shares for $24.98 per share. The transaction valued at 5,202,943 led to the insider holds 346,020 shares of the business.
Malka Meyer sold 3,225,806 shares of HOOD for $80,878,698 on Oct 08 ’24. The Director now owns 29,357,336 shares after completing the transaction at $25.07 per share. On Oct 04 ’24, another insider, Tenev Vladimir, who serves as the Chief Executive Officer of the company, sold 250,000 shares for $22.88 each. As a result, the insider received 5,720,375 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 23709370368 and an Enterprise Value of 17580357632. As of this moment, Robinhood’s Price-to-Earnings (P/E) ratio for their current fiscal year is 82.16, and their Forward P/E ratio for the next fiscal year is 35.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 30.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.48 while its Price-to-Book (P/B) ratio in mrq is 3.33. Its current Enterprise Value per Revenue stands at 7.855.
Stock Price History:
Over the past 52 weeks, HOOD has reached a high of $27.14, while it has fallen to a 52-week low of $7.91. The 50-Day Moving Average of the stock is 25.06%, while the 200-Day Moving Average is calculated to be 44.05%.
Shares Statistics:
HOOD traded an average of 14.65M shares per day over the past three months and 16382860 shares per day over the past ten days. A total of 745.40M shares are outstanding, with a floating share count of 595.39M. Insiders hold about 32.70% of the company’s shares, while institutions hold 49.06% stake in the company. Shares short for HOOD as of 1727654400 were 26645125 with a Short Ratio of 1.82, compared to 1724976000 on 21338911. Therefore, it implies a Short% of Shares Outstanding of 26645125 and a Short% of Float of 3.73.
