Robinhood Markets, Inc. (HOOD, Financial) experienced a notable stock movement with a 5.01% increase in its share price. The stock is currently trading at $50.56 per share, with a trading volume of 21.19 million shares and a turnover rate of 2.40%, reflecting a price volatility of 4.95%.
Recent financial reports show Robinhood achieving a revenue of $643 million and a net profit of $150 million, resulting in earnings per share of $0.17. The company currently has a price-to-earnings ratio of 87.12. Analyst ratings reveal that out of 18 institutions, 72% recommend buying the stock, while 28% suggest holding, with no sell recommendations.
In the broader capital markets sector, where Robinhood operates, the overall increase is 0.89%. Related stocks such as Netcapital Inc, Digihost Technology Inc., and Cipher Mining Inc. have seen significant gains, while Btcs Inc., Mara Holdings, Inc., and Iren Limited have shown high activity with turnover rates of 13.14%, 11.94%, and 10.46%, respectively. Stocks with notable price volatility include Huaying Oriental, Bitcoin Depot Inc., and Coincheck Group Nv, with amplitudes of 32.95%, 32.58%, and 23.20%.
Robinhood is building a modern financial services platform, offering products like cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO access through a vertically integrated, app-based cloud platform. The company generates transaction-based revenue by routing user orders for options, stocks, and cryptocurrencies to market makers.
