Citigroup raised the price target for the Robinhood Markets Inc (NASDAQ:HOOD) stock from “a Neutral” to “a Sell”. The rating was released on April 11, 2024, according to finviz. The research report from KeyBanc Capital Markets has reiterated the stock to Overweight, with a price target set at $22. The stock was initiated by Bernstein, who disclosed in a research note on March 14, 2024, to Outperform and set the price objective to $30. In their research brief published December 01, 2023, Redburn Atlantic analysts initiated the Robinhood Markets Inc stock to Neutral with a price target of $9.50.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -5.41% within the last five trades and -4.63% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 89.39% in the last 6 months and 58.37% was added to its value over the previous 3 months. HOOD stock is trading at a margin of -7.42%, 6.78% and 44.01% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, HOOD deals in the Financial domain. The stock is trading -15.77 percent below its 52-week high and 118.84 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 84.33. 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 -27.17 percent and the profit margin is -28.65 percent, and the company has reported a gross margin of 90.52 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 $15.14 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. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 44.49. 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 8.02 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.25, 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, 49.50 percent of Robinhood Markets Inc shares are owned by insiders, and 40.75 percent are held by financial institutions. Tenev Vladimir, the Chief Executive Officer at Robinhood Markets Inc (HOOD) has sold 250,000 shares of firm on Apr 04 ’24 at a price of $18.67 against the total amount of $4.67 million. In another inside trade, Warnick Jason, Chief Financial Officer of Robinhood Markets Inc (NASDAQ:HOOD) sold 5,000 shares of the firm on Apr 01 ’24 for a total worth of $97960.0 at a price of $19.59. An inside trade which took place on Mar 19 ’24, Chief Creative Officer of Robinhood Markets Inc Bhatt Baiju sold 16,667 shares of firm against total price of $0.29 million at the cost of $17.17 per share.
