Wall Street expects a year-over-year increase in earnings on higher revenues when Robinhood Markets, Inc. (HOOD) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on M ...

The stock has surged 87% higher over the last year, but there are a few things you should know first before buying the fintech.Robinhood (HOOD 4.44%) stock has been on fire, surging 87% higher over the past twelve months. The company gained notoriety for its role in the meme-stock-fueled frenzy, which sent its shares up to $85 in the days following its 2021 IPO.Despite the recent rally, Robinhood stock is still 80% below its all-time high. The company has made progress in improving its bottom line in recent ...

Robinhood is trying to go from being an industry disruptor to a trusted mainstay in the brokerage business.Financial services company Robinhood Markets (HOOD -2.63%) has become one of Wall Street's better-known stock brokerages. It built a reputation on innovation as the first brokerage to offer commission-free trading. During the 2020-2021 meme stock craze, it gained notoriety when technical malfunctions disrupted trading for its account holders.Although the stock trades at about 50% below its 2021 peak, i ...

If you just started following Robinhood stock (NASDAQ:HOOD) stock in 2023, you’d probably think you were watching one of America’s great companies, given its stock is up 77% over the past year and 41% in the first four months of 2024. Unfortunately, that’s not the whole picture. HOOD stock has traded below $20 since December 2021, more than 28 months ago. Its latest resurgence is due to a record-setting S&P 500 combined with the rebirth of cryptocurrencies. The combination has put a fire under the digital t ...

Given the recent weakness of cryptocurrencies and my belief that they could fall much further, along with the extremely elevated valuation of Robinhood stock (NASDAQ:HOOD), I recommend selling HOOD stock at this point. Also making me bearish on Robinhood stock stock at this point is my belief that U.S. stocks could easily decline 10%-15% in the near-to-medium term. HOOD Will Be Hurt by Crypto’s Weakness On April 11, Citi cut its rating on HOOD stock to “sell” from “neutral.” According to Citi, the shares ha ...

The most recent trading session ended with Robinhood Markets, Inc. (HOOD) standing at $17.31, reflecting a +0.7% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.03% gain on the day. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq increased by 0.12%.Heading into today, shares of the company had lost 5.6% over the past month, lagging the Finance sector's loss of 5.58% and the S&P 500's loss of 0.9% in that time.Analysts and investor ...

The Freetrade logo on a smartphone screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesBritish stock trading app Freetrade hit eked out breakeven earlier this year, the company told CNBC, marking its first-ever move into the black after incurring full-year losses in 2023.Freetrade reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024, according to unaudited financial statements shared with CNBC.Preliminary re ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Robinhood Markets, Inc. (HOOD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HOOD broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signal ...

Shares of digital brokerage Robinhood Markets Inc (NASDAQ:HOOD) are 1.5% lower at $18.07 this morning, after Citi downgraded the stock to "sell" from "neutral." The analyst said HOOD's valuation is disconnected from a fundamental standpoints, though it hiked its price target by $3 to $16 after highlighted "healthy" trading activity and improving fundamentals.On the charts, Robinhood stock touched its highest level since December 2021, after rising to $20.55 on March 27. The security fell in five of the last ...