Robinhood Markets Inc. (NASDAQ:HOOD) currently has a daily average trading volume of 11.86M but it saw 7409033 shares traded on Wednesday. With a market cap of 8.64B USD, stock’s current market price of $9.46 came rising about 4.07 while comparing to the previous closing price of $9.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.22 and as low as $6.81. In the recent trading on the day, stock has struck highest price mark of $9.50 while lowest mark touched by it was $9.01.
Taking a look at 20-day trading activity of Robinhood Markets Inc. (HOOD) gives us an average price of $10.36, while its current price level is -67.62% below from 52-week high level whereas it is 38.91% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.31 while that of 200 days or SMA-200 reads an average of $10.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.32% during that period while stretching the period over a month that increases to 8.45%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.65 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Barclays which downgraded the stock as “Underweight” in its note to investors issued on August 31, 2022, recommending a price target of $10 for it. Goldman upgraded its recommendation for the stock as a “Neutral” from “Sell” on June 27, 2022 while assigning a price target range of $11.50-$9.50. Atlantic Equities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $15 and $5.
Over the week, HOOD’s stock price is moving 1.50% up while it is -12.65% when we observe its performance for the past one month. Year-to-date it is -46.73% down and over the past year, the stock is showing a downside performance of -65.79%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of -$0.34 beat the consensus estimate of -$0.37 for the same. For HOOD, analysts are forecasting an EPS-growth rate of 82.40% for current year and estimate for EPS growth in next year is 46.20%. In next quarter, company is expected to be making quarterly sales of $393.77 million as analysts are expecting the sales for current fiscal year at $1.38 billion and seeing the company making $1.86 billion in sales next year. Moreover, analysts are in estimates of $355.27 million for current-quarter revenue.
Currently, Robinhood Markets Inc.’s total number of outstanding shares is 882.36M with 8.13% of that held by the insiders while 62.96% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -22.50% and return on equity (ROE) at -18.10%. Stock has a price to book (P/B) ratio of 1.20 while price to sale or P/S ratio amounts to 6.45. Its return on asset (ROA) is -5.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that ARK Innovation ETF came shrinking its share ownership by -1.26% in the Robinhood Markets Inc. (HOOD) decreasing its stake to 2.77% with control over -0.27 million shares in the company. As per SEC documents, ARK Innovation ETF sought 20,842,282 of company’s common stock of worth $243.44 million as per recent closing price of the stock. ARK Innovation ETF is not the only institutional holder which restructured its stake in Robinhood Markets Inc., as Vanguard Total Stock Market Index picked 16,983,395 shares of worth $198.37 million to bring its holdings to a total of 0.14 million shares. In the most recent quarter, Vanguard Small Cap Index Fund came rising its stake by 1.63% in the company and now holds 14.56 million or 1.94% of the company’s stake having worth of about 170.07 million.