Reassessing The Changing Outlook For Robinhood Markets Inc (HOOD)

Currently, there are 745.40M common shares owned by the public and among those 612.73M shares have been available to trade.

The company’s stock has a 5-day price change of 13.40% and 74.86% over the past three months. HOOD shares are trading 187.68% year to date (YTD), with the 12-month market performance up to 345.86% higher. It has a 12-month low price of $7.98 and touched a high of $38.11 over the same period. HOOD has an average intraday trading volume of 16.30 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 19.98%, 35.97%, and 73.23% respectively.

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Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 50.24% of the company’s 745.40M shares outstanding.

It has a market capitalization of $33.84B and a beta (3y monthly) value of 1.99. The stock’s trailing 12-month PE ratio is 62.46, while the earnings-per-share (ttm) stands at $0.59. The company has a PEG of 23.13 and the debt-to-equity ratio at 1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.35% over the week and 6.05% over the month.

Earnings per share for the fiscal year are expected to increase by 219.77%, and 8.05% over the next financial year. EPS should grow at an annualized rate of 2.70% over the next five years, compared to -48.35% over the past 5-year period.

Looking at the support for the HOOD, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on November 18, 2024, with the firm’s price target at $40. Barclays coverage for the Robinhood Markets Inc (HOOD) stock in a research note released on September 06, 2024 offered a Equal Weight rating with a price target of $20. Deutsche Bank was of a view on August 15, 2024 that the stock is Buy, while Piper Sandler gave the stock Overweight rating on August 12, 2024, issuing a price target of $20- $23. Citigroup on their part issued Neutral rating on August 05, 2024.

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