The HOOD stock price fluctuated between $33.25 and $36.98 throughout the trading session with the volume trading being 40M shares, which represented a negative variation when compared to the three months average volume of 102M shares.
The share price of Robinhood Markets, Inc. Class A Common Stock (NasdaqGS:HOOD) ran up 0.95% to close Friday’s market session at $35.15, higher as compared to yesterday’s close which brings the market valuation of the company to $29.37B.
The 52-week high for the Robinhood Markets, Inc. Class A Common Stock’s shares is $40.25. That puts it -12.67% from that peak but still a 0.00% gain since the share price dropped to a 52-week low of $33.25, while the S&P 500’s share price change was of 35.10%.
What does the trading volume tell us about the HOOD stock?
During the last trading session, Robinhood Markets, Inc. Class A Common Stock (NasdaqGS:HOOD) has seen growth in its daily volume. The daily volume was of 102M, while in the last 10 days the average was 101.68M and last three months – 101.68M.
The increasing interest in the HOOD stock from the investors is helping to drive the stock price up.
Robinhood Markets, Inc. Class A Common Stock (NasdaqGS:HOOD) financials
With a market cap of 29.37B, Robinhood Markets, Inc. Class A Common Stock holds a total cash of $7.87B that translates into $33.9 per share, while the total debt is of $6.77B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 309.40%. The current revenue is of $1.35B that is $5.96 per share.
This is a great sign for a bright future.