Robinhood Markets Inc (HOOD): A Great Stock For Handling Current Market Conditions?

Currently, there are 764.89M common shares owned by the public and among those 438.81M shares have been available to trade.

Insiders at the company have transacted a total of 123 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 64 of these insider trades were purchases, accounting for 2,331,254 shares. Insider sales of the common stock occurred on 59 occasions, with total insider shares sold totaling 2,779,047 shares.

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The company’s stock has a 5-day price change of 21.21% and 68.07% over the past three months. HOOD shares are trading 9.89% year to date (YTD), with the 12-month market performance up to 31.70% higher. It has a 12-month low price of $7.91 and touched a high of $13.90 over the same period. HOOD has an average intraday trading volume of 15.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.11%, 19.62%, and 34.88% respectively.

Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 41.20% of the company’s 764.89M shares outstanding.

It has a market capitalization of $12.12B and a beta (3y monthly) value of 1.47. The earnings-per-share (ttm) stands at -$0.60. The company has a debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.81% over the week and 4.08% over the month.

Analysts forecast that Robinhood Markets Inc (HOOD) will achieve an EPS of $0.03 for the current quarter, $0.08 for the next quarter and $0.13 for 2025. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was -$0.57 a year ago. Earnings per share for the fiscal year are expected to increase by 130.74%, and 0.30% over the next financial year.

Looking at the support for the HOOD, a number of firms have released research notes about the stock. Redburn Atlantic stated their Neutral rating for the stock in a research note on December 01, 2023, with the firm’s price target at $9.50.

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