Is Robinhood Markets Inc (NASDAQ: HOOD) No Longer A Good Investment?

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. Most recently, Yahoo Finance reported about the stock as it publicized that Robinhood Markets, Inc. to Present at the JMP Securities Technology Conference on March 4, 2024.

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Stocks Info

HOOD belongs to the Financial sector of the NASDAQ while operating in the Capital Markets industry. At the end of the last regular session, the stock closed at $16.63 and fluctuated between $17.22 as its day high and $16.54 as its day low. The current market capitalization of Robinhood Markets Inc is $14.55B. A total of 17.23 million shares were traded on the day, compared to an average of 16.76M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 57 BUYs and 54 SELLs from insiders. Insiders purchased 2,045,767 shares during that period but sold 2,650,625.

In the most recent transaction, Bhatt Baiju sold 16,667 shares of HOOD for 16.17 per share on Feb 29. After the transaction, the Chief Creative Officer now owns 0 company shares. In a previous transaction on Feb 26, Tenev Vladimir sold 500,000 shares at 15.12 per share. HOOD shares that Chief Executive Officer owns now total 0.

Among the insiders who sold shares, Bhatt Baiju disposed of 482,667 shares on Feb 26 at a per-share price of $15.10. This resulted in the Chief Creative Officer holding 0 shares of HOOD after the transaction. In another insider transaction, Quirk Steven M. sold 60,895 shares at $14.43 per share on Feb 23. Company shares held by the Chief Brokerage Officer now total 350,769.

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. In terms of 52-week highs and lows, HOOD has a high of $16.60 and a low of $7.91.

As of this writing, HOOD has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.01. The company reported an EPS of -$0.09 in the last quarter, which was 10.00% higher than expectations of -$0.1.

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 $8.09B 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 $7.68, 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 3.07.

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