With 33.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 24.53 million shares. The 52-week range on HOOD shows that it touched its highest point at $66.91 and its lowest point at $13.39 during that stretch. It currently has a 1-year price target of $70.50. Beta for the stock currently stands at 2.14.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HOOD was down-trending over the past week, with a drop of -19.12%, but this was up by 2.87% over a month. Three-month performance surged to 47.43% while six-month performance rose 160.21%. The stock gained 266.22% in the past year, while it has gained 38.49% so far this year. A look at the trailing 12-month EPS for HOOD yields 1.56 with Next year EPS estimates of 1.71. For the next quarter, that number is 0.36. This implies an EPS growth rate of -6.12% for this year and 16.71% for next year.
Float and Shares Shorts:
At present, 764.90 million HOOD shares are outstanding with a float of 736.46 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HOOD since 18 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 5 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.0115 being high and $0.82491 being low. For HOOD, this leads to a yearly average estimate of $0.95258. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.39. The average estimate for the next quarter is thus $0.42.
