Robinhood Markets Inc (NASDAQ: HOOD) is 159.03% higher on its value in year-to-date trading and has touched a low of $7.91 and a high of $34.32 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 $32.80 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $33.00, the stock is 19.60% and 33.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.96 million and changing 0.61% at the moment leaves the stock 63.21% off its SMA200. HOOD registered 300.97% gain for a year compared to 6-month gain of 83.13%. The firm has a 50-day simple moving average (SMA 50) of $24.4206 and a 200-day simple moving average (SMA200) of $20.111074.
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The stock witnessed a 22.22% loss in the last 1 month and extending the period to 3 months gives it a 76.94%, and is 32.21% up 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 7.17% over the week and 4.86% over the month.
Robinhood Markets Inc (HOOD) has around 2200 employees, a market worth around $29.17B and $2.44B in sales. Current P/E ratio is 56.24 and Fwd P/E is 43.93. Profit margin for the company is 21.55%. Distance from 52-week low is 317.19% and -3.85% from its 52-week high. The company has generated returns on investments over the last 12 months (7.21%).
with sales reaching $643.09M over the same period.The EPS is expected to grow by 219.30% this year, but quarterly earnings will post 38.50% year-over-year. Quarterly sales are estimated to grow 36.50% in year-over-year returns.
Robinhood Markets Inc (HOOD) Top Institutional Holders
683.0 institutions hold shares in Robinhood Markets Inc (HOOD), with institutional investors hold 81.28% of the company’s shares. The shares outstanding are 745.40M, and float is at 597.37M with Short Float at 3.34%. Institutions hold 80.67% 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 Malka Meyer, the company’s Director. SEC filings show that Malka Meyer sold 2,791,306 shares of the company’s common stock on Nov 08 ’24 at a price of $30.25 per share for a total of $84.43 million. Following the sale, the insider now owns 26.14 million shares.
Robinhood Markets Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Malka Meyer (Director) sold a total of 321,218 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $30.01 per share for $9.64 million. Following the transaction, the insider now directly holds 29.04 million shares of the HOOD stock.
Still, SEC filings show that on Nov 07 ’24, Malka Meyer (Director) disposed off 105,875 shares at an average price of $30.00 for $3.18 million. The insider now directly holds 28,930,243 shares of Robinhood Markets Inc (HOOD).
