Robinhood Markets, Inc. (HOOD, Financial) experienced significant stock price movement, rising by 5% to $38.24 per share. Trading volume reached 9.39 million shares with a turnover rate of 1.06% and a price fluctuation of 3.29%.
Recent financial reports indicate Robinhood achieved revenue of $643 million and a net profit of $150 million, translating to earnings per share of $0.17. The stock currently has a price-to-earnings ratio of 65.93. Among 18 institutions rating the stock, 61% recommend buying, 33% suggest holding, and 6% advise selling.
Within the broader capital markets sector, Robinhood's industry peers saw an average increase of 0.33%. Notable gainers include Tiancheng Jinhu, SOS Limited, and Iris Energy Limited. Active stocks in this sector include SOS Limited, Tiancheng Jinhu, and Netcapital Inc., with turnover rates of 221.33%, 58.21%, and 49.41% respectively. Stocks with significant price swings include Tiancheng Jinhu, SOS Limited, and Bitcoin Depot Inc C/Wts 30/06/2028(To Pur Com), showing fluctuations of 210.42%, 90.58%, and 27.20% respectively.
Robinhood Markets Inc is developing a modern financial services platform, offering products like cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO access. The company generates transaction-based revenue by routing user orders for options, stocks, and cryptocurrencies to market makers.
