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The closing price of Robinhood Markets Inc (NASDAQ: HOOD) was $22.95 for the day, up 1.37% from the previous closing price of $22.64. In other words, the price has increased by $1.37 from its previous closing price. On the day, 13.77 million shares were traded. HOOD stock price reached its highest trading level at $23.495 during the session, while it also had its lowest trading level at $22.34.
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 Sep 09 ’24 when Bhatt Baiju sold 139,916 shares for $19.55 per share. The transaction valued at 2,735,092 led to the insider holds 0 shares of the business.
BAIJU PRAFULKUMAR BHATT LIVING bought 139,916 shares of HOOD for $2,650,009 on Sep 09 ’24. On Sep 04 ’24, another insider, Tenev Vladimir, who serves as the Chief Executive Officer of the company, sold 250,000 shares for $19.26 each. As a result, the insider received 4,814,225 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 20303362048 and an Enterprise Value of 14174349312. As of this moment, Robinhood’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.36, and their Forward P/E ratio for the next fiscal year is 32.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.98 while its Price-to-Book (P/B) ratio in mrq is 2.85. Its current Enterprise Value per Revenue stands at 6.333.
Stock Price History:
Over the past 52 weeks, HOOD has reached a high of $24.88, while it has fallen to a 52-week low of $7.91. The 50-Day Moving Average of the stock is 11.41%, while the 200-Day Moving Average is calculated to be 31.93%.
Shares Statistics:
HOOD traded an average of 14.16M shares per day over the past three months and 11345420 shares per day over the past ten days. A total of 745.40M shares are outstanding, with a floating share count of 588.40M. Insiders hold about 33.49% of the company’s shares, while institutions hold 48.86% stake in the company. Shares short for HOOD as of 1724976000 were 21338911 with a Short Ratio of 1.51, compared to 1722384000 on 33959193. Therefore, it implies a Short% of Shares Outstanding of 21338911 and a Short% of Float of 2.9899999999999998.
