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Sunday, December 3, 2023

Robinhood Markets Inc (HOOD) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Robinhood Markets Inc (HOOD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.80, or -8.20%, to $8.96. The Robinhood Markets Inc has recorded 3,266,786 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Robinhood Reports Third Quarter 2023 Results.

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Stocks Info

Robinhood Markets Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $9.76 and fluctuated between $9.85 as its day high and $9.59 as its day low. The current market capitalization of Robinhood Markets Inc is $8.89B. A total of 11.71 million shares were traded on the day, compared to an average of 6.21M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HOOD has seen 17 BUY and 10 SELL insider trades, representing the acquisition of 529,702 and the disposition of 550,276 shares. Over the last 12 months, there were 85 BUYs and 70 SELLs from insiders. Insiders purchased 2,826,751 shares during that period but sold 3,212,834.

In the most recent transaction, Gallagher Daniel Martin Jr sold 12,500 shares of HOOD for 9.69 per share on Nov 03. After the transaction, the Chief Legal Officer now owns 622,170 company shares. In a previous transaction on Nov 02, Bhatt Baiju sold 27,832 shares at 9.35 per share. HOOD shares that Chief Creative Officer owns now total 158,128.

Among the insiders who sold shares, Tenev Vladimir disposed of 27,829 shares on Nov 02 at a per-share price of $9.35. This resulted in the Chief Executive Officer holding 624,467 shares of HOOD after the transaction. In another insider transaction, Bhatt Baiju sold 90,021 shares at $9.43 per share on Oct 12. Company shares held by the Chief Creative Officer now total 402,424.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HOOD in the last 3 months, the mean price target is $12.47 with high estimates of $24.00 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 -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.12. 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $7.90, while its Total Shareholder’s Equity was $7.29B.

Analysts Opinion

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. 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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