Citigroup lowered the price target for the Robinhood Markets Inc. (NASDAQ:HOOD) stock from “a Buy” to “a Neutral”. The rating was released on December 13, 2022, according to finviz. The research report from Goldman has upgraded the stock from Sell to Neutral, with a price target set at $9.50. The stock was downgraded by Atlantic Equities, who disclosed in a research note on June 15, 2022, from Neutral to Underweight and set the price objective to $5. In their research brief published April 08, 2022, Goldman analysts downgraded the Robinhood Markets Inc. stock from Neutral to Sell with a price target of $13.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Robinhood Markets Inc. (NASDAQ:HOOD) raised 5.19% to close Friday’s market session at $9.52, higher as compared to yesterday’s close. The stock price fluctuated between $9.06 and $9.57 throughout the trading session with the volume trading being 6424253 shares, which represented a significant variation when compared to the three months average volume of 10.12 million shares. The firm’s stock price fluctuated 5.31% within the last five trades and 16.10% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 1.17% in the last 6 months and -5.84% was subtracted to its value over the previous 3 months. HOOD stock is trading at a margin of 12.75%, 5.37% and -1.28% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, HOOD deals in the Technology domain. The stock is trading -42.27 percent below its 52-week high and 39.79 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -22.6. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Robinhood Markets Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -95.30 percent and the profit margin is -95.90 percent, and the company has reported a gross margin of 90.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.03 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.99 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.21, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of Robinhood Markets Inc. shares are owned by insiders, and 67.70 percent are held by financial institutions. Bhatt Baiju, the Chief Creative Officer at Robinhood Markets Inc. (HOOD) has sold 106,061 shares of firm on Jan 09 at a price of $8.53 against the total amount of $0.91 million. In another inside trade, Gallagher Daniel Martin Jr, Chief Legal Officer of Robinhood Markets Inc. (NASDAQ:HOOD) sold 12,500 shares of the firm on Jan 05 for a total worth of $0.1 million at a price of $8.13. An inside trade which took place on Jan 04, Chief Executive Officer of Robinhood Markets Inc. Tenev Vladimir sold 83,333 shares of firm against total price of $0.69 million at the cost of $8.24 per share.