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Friday, September 29, 2023

Robinhood Markets Inc. (NASDAQ: HOOD): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Robinhood Markets Inc. (HOOD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.18%, to $11.13. The Robinhood Markets Inc. has recorded 162,342 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Robinhood Markets, Inc. to Present at the Goldman Sachs Communacopia & Technology Conference on September 7, 2023.

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Stocks Info

HOOD belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $11.11 and fluctuated between $11.37 as its day high and $11.06 as its day low. The current market capitalization of Robinhood Markets Inc. is $9.92B. A total of 9.24 million shares were traded on the day, compared to an average of 10.22M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HOOD has seen 16 BUY and 16 SELL insider trades, representing the acquisition of 385,149 and the disposition of 662,115 shares. Over the last 12 months, there were 85 BUYs and 69 SELLs from insiders. Insiders purchased 2,741,407 shares during that period but sold 2,858,065.

In the most recent transaction, Bhatt Baiju sold 81,548 shares of HOOD for 10.68 per share on Aug 11. After the transaction, the Chief Creative Officer now owns 573,165 company shares. In a previous transaction on Aug 04, Tenev Vladimir sold 83,333 shares at 11.45 per share. HOOD shares that Chief Executive Officer owns now total 761,330.

Among the insiders who sold shares, Gallagher Daniel Martin Jr disposed of 12,500 shares on Aug 03 at a per-share price of $11.56. This resulted in the Chief Legal Officer holding 585,467 shares of HOOD after the transaction. In another insider transaction, Bhatt Baiju sold 29,606 shares at $12.45 per share on Aug 02. Company shares held by the Chief Creative Officer now total 128,327.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HOOD in the last 3 months, the mean price target is $12.98 with high estimates of $25.00 and low estimates of $9.00. In terms of 52-week highs and lows, HOOD has a high of $13.23 and a low of $7.57.

As of this writing, HOOD has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.02 per share and a lower estimate of -$0.01. The company reported an EPS of -$0.57 in the last quarter, which was 6.60% higher than expectations of -$0.61.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HOOD’s latest balance sheet shows that the firm has $8.12B in Cash & Short Term Investments as of fiscal 2021. There were $3.65B in debt and $12.35B in liabilities at the time. Its Book Value Per Share was $8.22, while its Total Shareholder’s Equity was $7.29B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HOOD is Buy with a score of 2.92.

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