Robinhood Markets Inc (NASDAQ: HOOD) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 745.40M common shares owned by the public and among those 588.40M shares have been available to trade.

The company’s stock has a 5-day price change of 5.10% and 5.20% over the past three months. HOOD shares are trading 87.52% year to date (YTD), with the 12-month market performance up to 149.63% 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 13.77 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 12.50%, 16.33%, and 34.02% respectively.

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Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 48.95% of the company’s 745.40M shares outstanding.

It has a market capitalization of $21.14B and a beta (3y monthly) value of 1.84. The stock’s trailing 12-month PE ratio is 73.24, while the earnings-per-share (ttm) stands at $0.33. The company has a debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.61% over the week and 4.28% over the month.

Earnings per share for the fiscal year are expected to increase by 219.77%, and -0.94% over the next financial year.

Looking at the support for the HOOD, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on September 06, 2024, with the firm’s price target at $18-$20. Deutsche Bank coverage for the Robinhood Markets Inc (HOOD) stock in a research note released on August 15, 2024 offered a Buy rating with a price target of $24. Piper Sandler was of a view on August 12, 2024 that the stock is Overweight, while Citigroup gave the stock Neutral rating on August 05, 2024, issuing a price target of $18. Wolfe Research on their part issued Outperform rating on June 26, 2024.

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