Robinhood Markets, Inc. (HOOD) Shares Fall As Market Gains: What You Need to Know
Robinhood Markets, Inc. (HOOD) closed at $ 41.28 in the last trading session, marking a movement of -1.31% from the previous day. This move fell behind the S&P 500’s 0.3% daily gain.
Prior to today, the company’s shares had lost 10.77% in the past month, behind the financial sector’s 7.56% gain and the S&P 500’s 4.28% gain during that time period.
HOOD will look to show some strength as the next release of its results approaches, which is expected to be October 26, 2021.
Investors might also notice recent changes in analyst estimates for HOOD. Recent revisions tend to reflect the latest short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since. 1988. The Zacks Consensus EPS estimate rose 116.83% over the past month. HOOD currently holds a Zacks rank of 3 (Maintain).
In view of its valuation, HOOD has a forward P / E ratio of 61.97. Its industry has an average forward P / E of 12.27, so one could conclude that HOOD is trading at a comparatively premium.
The Finance – Investment banking sector is part of the Finance sector. This group has a Zacks Industry Rank of 67, which places it in the top 27% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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