What Did We Learn From Robinhood Markets Inc. (NASDAQ: HOOD) Insider Trading?

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Robinhood Markets Inc. (NASDAQ:HOOD) traded at $10.05 at last check on Monday, September 19, made a downward move of -1.95% on its previous day’s price.

Looking at the stock we see that its previous close was $10.25 with the day’s price range being $10.20 – $11.03. In terms of its 52-week price range, HOOD has a high of $47.84 and a low of $6.81. The company’s stock has lost about -1.63% over that past 30 days.

Robinhood Markets Inc. has a market cap of $9.90 billion and is expected to release its quarterly earnings report on Oct 26, 2021. Estimates by analysts give the company expected earnings per share (EPS) of -$0.37, with the EPS growth for the year raised at -$1.49 for 2022 and -$0.94 for next year. These figures represent 80.10% and 36.90% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $323.28 million, with a low of $287.2 million and a high of $409.1 million. The median projection represents growth adding up to -38.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.46 billion, or -19.60% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HOOD stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 14 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Robinhood Markets Inc. (HOOD) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 2 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 1.88% off its SMA20 and 4.01% from its 50-day simple moving average. The RSI (14) is pointing at 50.09 while the volatility over the past week is 7.20% and jumps to 5.70% over the past one month. The average price target for the stock over the next 12 months is $11.38, with the estimates having a low of $7.00 and a high of $28.00. These price ends are 30.35% and -178.61% off the today’s price level respectively, although investors could be excited at the prospect of a 0.5% if the HOOD share price touches on the median price of $10.00.

Coming back to Robinhood Markets Inc. (NASDAQ:HOOD), we note that the average 3-month trading volume was 14.23 million, while that of the preceding 10-day period stands at 16.78 million. Current shares outstanding are 874.87 million.

The insiders hold 0.40% of the company’s shares while institutions hold 64.30%. The data shows that short shares as of Jul 14, 2022, stood at 45.09 million at a short ratio of 2.22. This represents a 5.17% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 56.57 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -42.29% down in year-to-date price movement.

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