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The closing price of Robinhood Markets Inc (NASDAQ: HOOD) was $22.63 for the day, up 1.34% from the previous closing price of $22.33. In other words, the price has increased by $1.34 from its previous closing price. On the day, 12.0 million shares were traded. HOOD stock price reached its highest trading level at $23.18 during the session, while it also had its lowest trading level at $22.33.
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 01 ’24 when Gallagher Daniel Martin Jr sold 23,293 shares for $23.42 per share. The transaction valued at 545,522 led to the insider holds 1,070,000 shares of the business.
Bhatt Baiju sold 139,916 shares of HOOD for $2,735,092 on Sep 09 ’24. The Director now owns 0 shares after completing the transaction at $19.55 per share. On Sep 09 ’24, another insider, BAIJU PRAFULKUMAR BHATT LIVING, who serves as the Officer of the company, bought 139,916 shares for $18.94 each.
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 20020262912 and an Enterprise Value of 13891253248. As of this moment, Robinhood’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.37, and their Forward P/E ratio for the next fiscal year is 30.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.85 while its Price-to-Book (P/B) ratio in mrq is 2.81. Its current Enterprise Value per Revenue stands at 6.207.
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 10.20%, while the 200-Day Moving Average is calculated to be 25.74%.
Shares Statistics:
HOOD traded an average of 13.91M shares per day over the past three months and 12204040 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 48.96% stake in the company. Shares short for HOOD as of 1726185600 were 23783820 with a Short Ratio of 1.71, compared to 1723680000 on 33690269. Therefore, it implies a Short% of Shares Outstanding of 23783820 and a Short% of Float of 3.3299996999999997.
