Robinhood (HOOD) Stock Falls After Earnings

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The HOOD stock price fluctuated between $47.2 and $52.06 throughout the trading session with the volume trading being 24M shares, which represented a negative variation when compared to the three months average volume of 50M shares.

The share price of Robinhood Markets, Inc. (NasdaqGS:HOOD) ran up 6.71% to close Wednesday’s market session at $49.8, higher as compared to yesterday’s close which brings the market valuation of the company to $41.62B.

The 52-week high for the Robinhood Markets, Inc.’s shares is $85.00. That puts it -41.41% from that peak but still a 34.03% 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 31.39%.

What does the trading volume tell us about the HOOD stock?

During the last trading session, Robinhood Markets, Inc. (NasdaqGS:HOOD) has seen growth in its daily volume. The daily volume was of 50M, while in the last 10 days the average was 17.23M and last three months – 50.4M.

The increasing interest in the HOOD stock from the investors is helping to drive the stock price up.

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Robinhood Markets, Inc.’s (NasdaqGS:HOOD) financials

With a market cap of 41.62B, Robinhood Markets, Inc. 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.