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Will Robinhood Markets Inc (HOOD) benefit from Wall Street bulls Calls?

Robinhood Markets Inc (NASDAQ: HOOD) is 77.39% higher on its value in year-to-date trading and has touched a low of $7.91 and a high of $24.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HOOD stock was last observed hovering at around $22.09 in the last trading session, with the day’s gains setting it 0.51%.

Currently trading at $22.60, the stock is 0.35% and 10.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.15 million and changing 2.31% at the moment leaves the stock 55.56% off its SMA200. HOOD registered 109.45% gain for a year compared to 6-month gain of 90.08%.

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The stock witnessed a -1.61% loss in the last 1 month and extending the period to 3 months gives it a 21.77%, and is -0.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.10% over the week and 4.44% over the month.

Robinhood Markets Inc (HOOD) has around 2200 employees, a market worth around $19.86B and $2.06B in sales. Current P/E ratio is 155.33 and Fwd P/E is 41.03. Profit margin for the company is 6.15%. Distance from 52-week low is 185.71% and -6.92% from its 52-week high. The company has generated returns on investments over the last 12 months (1.82%).

The EPS is expected to grow by 185.47% this year.

Robinhood Markets Inc (HOOD) Top Institutional Holders

The shares outstanding are 745.40M, and float is at 539.27M with Short Float at 6.32%.

Robinhood Markets Inc (HOOD) Insider Activity

The most recent transaction is an insider sale by Tenev Vladimir,the company’sChief Executive Officer. SEC filings show that Tenev Vladimir sold 250,000 shares of the company’s common stock on Jul 05 ’24 at a price of $22.50 per share for a total of $5.62 million. Following the sale, the insider now owns 0.0 shares.

Robinhood Markets Inc disclosed in a document filed with the SEC on Jul 03 ’24 that Gallagher Daniel Martin Jr (Chief Legal Officer) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Jul 03 ’24 and was made at $22.80 per share for $0.28 million. Following the transaction, the insider now directly holds 0.96 million shares of the HOOD stock.

Still, SEC filings show that on Jun 20 ’24, Bhatt Baiju (Director) disposed off 121,226 shares at an average price of $21.63 for $2.62 million. The insider now directly holds 0 shares of Robinhood Markets Inc (HOOD).

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