Robinhood Markets Inc (NASDAQ: HOOD): Hunting Genuine Value In Market Debris

Currently, there are 745.40M common shares owned by the public and among those 550.12M shares have been available to trade.

The company’s stock has a 5-day price change of 5.07% and 37.06% over the past three months. HOOD shares are trading 83.75% year to date (YTD), with the 12-month market performance up to 78.43% higher. It has a 12-month low price of $7.91 and touched a high of $24.88 over the same period. HOOD has an average intraday trading volume of 17.54 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 3.39%, 9.58%, and 55.43% respectively.

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Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 45.76% of the company’s 745.40M shares outstanding.

It has a market capitalization of $20.57B and a beta (3y monthly) value of 1.84. The stock’s trailing 12-month PE ratio is 160.89, while the earnings-per-share (ttm) stands at $0.15. The company has a debt-to-equity ratio at 0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.98% over the week and 4.61% over the month.

Earnings per share for the fiscal year are expected to increase by 186.13%, and 6.48% over the next financial year.

Looking at the support for the HOOD, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on June 26, 2024, with the firm’s price target at $29. BofA Securities coverage for the Robinhood Markets Inc (HOOD) stock in a research note released on May 17, 2024 offered a Buy rating with a price target of $24. Citigroup was of a view on April 11, 2024 that the stock is Sell, while Keefe Bruyette gave the stock Mkt Perform rating on April 03, 2024, issuing a price target of $20. KeyBanc Capital Markets on their part issued Overweight rating on March 28, 2024.

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