Why Should You Put Robinhood Markets Inc (NASDAQ: HOOD) On Your Portfolio?

Currently, there are 745.40M common shares owned by the public and among those 438.78M shares have been available to trade.

The company’s stock has a 5-day price change of 5.45% and 51.81% over the past three months. HOOD shares are trading 58.01% year to date (YTD), with the 12-month market performance up to 132.18% higher. It has a 12-month low price of $7.91 and touched a high of $20.55 over the same period. HOOD has an average intraday trading volume of 15.47 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 14.51%, 40.45%, and 75.25% respectively.

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Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 40.91% of the company’s 745.40M shares outstanding.

It has a market capitalization of $17.60B and a beta (3y monthly) value of 1.68. The earnings-per-share (ttm) stands at -$0.60. The company has a debt-to-equity ratio at 0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.65% over the week and 4.88% over the month.

Analysts forecast that Robinhood Markets Inc (HOOD) will achieve an EPS of $0.04 for the current quarter, $0.1 for the next quarter and $0.41 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 139.09%, and 29.67% over the next financial year.

Looking at the support for the HOOD, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on March 28, 2024, with the firm’s price target at $15-$22. Bernstein coverage for the Robinhood Markets Inc (HOOD) stock in a research note released on March 14, 2024 offered a Outperform rating with a price target of $30. Morgan Stanley on their part issued Equal-Weight rating on July 13, 2023.

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