hood
7/15/2024 03:27am
**Robinhood Markets (HOOD) Stock Analysis**
1. **Current Price and Support/Resistance Levels**: The closing price of HOOD on July 12, 2024, was $22.28. The support level stands at $21.75, and the resistance level is at $22.45.
|Ticker|Name|Support Level|Resistance Level|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|HOOD.O|Robinhood Markets|21.7500|22.4451|22.28|20240712|HOOD|185|
2. **Technical Indicators**:
- The RSI (Relative Strength Index) is at 47.83, indicating the stock is neither overbought nor oversold.
- The MACD (Moving Average Convergence Divergence) is -0.31, suggesting a bearish momentum.
- The KDJ (Stochastic Oscillator) is at 22.45, pointing to a potential price reversal.
- The Bollinger Bands are at $22.36, with the stock trading near the lower band, indicating volatility.
|Ticker|Name|RSI|MACD|KDJ|Boll|Date|code|market_code|
|---|---|---|---|---|---|---|---|---|
|HOOD.O|Robinhood Markets|47.8267|-0.3112|22.4496|22.3565|20240712|HOOD|185|
3. **Moving Averages**:
- The 5-day moving average is $22.27, very close to the current price.
- The 10-day moving average is $22.49, slightly above the current price.
- The 50-day moving average is $20.85, below the current price.
4. **Revenue and Net Income Growth**:
- Total revenue year-on-year growth is 40.14%, with net profit margin at 25.4%.
- Net income is $157 million, with a significant profit of $0.18 per share.
5. **Debt and Free Cash Flow**:
- The company has a high debt-to-equity ratio of 569.4% and free cash flow of $304 million.
- The Debt-to-Equity Ratio is significantly high, indicating high financial risk.
6. **Recent Financial Performance**:
- In Q1 2024, total net revenues increased by 40% year-on-year to $618 million, with net income of $157 million and a diluted EPS of $0.18.
- In Q2 2024, net deposits were $11.2 billion, an annualized growth rate of 44% relative to Q1 2023 AUC.
7. **Analyst Ratings and Price Targets**:
- The stock has an average price target of $22.46, with an upside of 0.81%.
- 15 Wall Street analysts have a consensus rating of "Moderate Buy" with an average price target of $90.55.
8. **Market Sentiment and Performance**:
- Robinhood's stock has seen significant growth, with a potential long-term upside.
- The company's profitability is improving, with adjusted EBITDA increasing 115% year-on-year to $247 million.
9. **Strategic Developments and Future Prospects**:
- Robinhood is making progress in accumulating assets and driving profitable growth.
- The company's recent product launches and marketing efforts, such as the Robinhood Gold Card, show potential for future revenue streams.
In conclusion, HOOD's stock is trading near its 50-day moving average, with mixed technical indicators. The company has shown strong revenue growth and improving profitability, but carries significant debt and operates in a highly competitive market. Investors should consider these factors and market conditions when making investment decisions.