Robinhood Markets Inc (NASDAQ: HOOD) is 54.40% higher on its value in year-to-date trading and has touched a low of $7.91 and a high of $24.88 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 $19.11 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $19.67, the stock is 0.71% and -5.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.44 million and changing 2.93% at the moment leaves the stock 16.86% off its SMA200. HOOD registered 81.79% gain for a year compared to 6-month gain of 19.94%.
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The stock witnessed a 14.29% loss in the last 1 month and extending the period to 3 months gives it a -8.81%, and is -3.20% 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 3.66% over the week and 3.98% over the month.
Robinhood Markets Inc (HOOD) has around 2200 employees, a market worth around $17.40B and $2.26B in sales. Current P/E ratio is 60.30 and Fwd P/E is 29.09. Profit margin for the company is 12.82%. Distance from 52-week low is 148.67% and -20.94% from its 52-week high. The company has generated returns on investments over the last 12 months (4.02%).
The EPS is expected to grow by 216.60% this year
657.0 institutions hold shares in Robinhood Markets Inc (HOOD), with institutional investors hold 79.74% of the company’s shares. The shares outstanding are 745.40M, and float is at 586.76M with Short Float at 5.74%. Institutions hold 79.14% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 60.42 million shares valued at $1.37 billion. The investor’s holdings represent 6.9022 of the HOOD Shares outstanding. As of 2024-06-30, the second largest holder is RIBBIT MANAGEMENT COMPANY, LLC with 36.21 million shares valued at $822.28 million to account for 4.1364 of the shares outstanding. The other top investors are INDEX VENTURE ASSOCIATES VI LTD which holds 36.17 million shares representing 4.1322 and valued at over $821.42 million, while BLACKROCK INC. holds 3.7915 of the shares totaling 33.19 million with a market value of $753.69 million.
Robinhood Markets Inc (HOOD) Insider Activity
The most recent transaction is an insider sale by Gallagher Daniel Martin Jr, the company’s Chief Legal Officer. SEC filings show that Gallagher Daniel Martin Jr sold 12,500 shares of the company’s common stock on Sep 03 ’24 at a price of $19.33 per share for a total of $0.24 million. Following the sale, the insider now owns 1.05 million shares.
Still, SEC filings show that on Aug 26 ’24, Warnick Jason (Chief Financial Officer) disposed off 25,000 shares at an average price of $20.96 for $0.52 million. The insider now directly holds 1,077,162 shares of Robinhood Markets Inc (HOOD).
