Robinhood Markets Inc (NASDAQ:HOOD): Buy, Sell Or Hold At $11.42?

In recent trading session, Robinhood Markets Inc (NASDAQ:HOOD) saw 2.4 million shares changing hands at last check today with its beta currently measuring 1.39. Company’s recent per share price level of $11.42 trading at $0.2 or 1.74% at last check today assigns it a market valuation of $9.87B. That most recent trading price of HOOD’s stock is at a discount of -18.3% from its 52-week high price of $13.51 and is indicating a premium of 30.74% from its 52-week low price of $7.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.13 million shares which gives us an average trading volume of 13.24 million if we extend that period to 3-months.

Robinhood Markets Inc (NASDAQ:HOOD) trade information

Upright in the green today for gaining 1.74%, in the last five days HOOD remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $11.42 price level, adding 0.61% to its value on the day. Robinhood Markets Inc’s shares saw a change of -10.39% in year-to-date performance and have moved 4.54% in past 5-day. Robinhood Markets Inc (NASDAQ:HOOD) showed a performance of -5.97% in past 30-days. Number of shares sold short was 35.71 million shares which calculate 2.34 days to cover the short interests.

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Robinhood Markets Inc (HOOD) estimates and forecasts

Statistics highlight that Robinhood Markets Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.39% of value to its shares in past 6 months, showing an annual growth rate of 45.30% while that of industry is 16.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 94.70% in the current quarter and calculating 101.80% increase in the next quarter. This year revenue growth is estimated to rise 36.10% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $456.81 million for the same. And 8 analysts are in estimates of company making revenue of $487.83 million in the next quarter that will end on Mar 2024. Company posted $380 million and $424.53 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 20.20% while estimating it to be 14.90% for the next quarter.

HOOD Dividends

Robinhood Markets Inc is more likely to be releasing its next quarterly report on February 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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