Robinhood, the recurring purchase function to dampen the fluctuations of cryptocurrencies

Robinhood, the recurring purchase function to dampen the fluctuations of cryptocurrencies


Stock and cryptocurrency trading platform Robinhood has recently launched recurring crypto investments and now clients can purchase as little as $ 1 in cryptocurrencies without commissions on a daily, weekly, biweekly or monthly pace, in order to help smooth out the swings. of prices.

“Today we are launching crypto recurring investments, a new feature that allows you to regularly buy your favorite coins, without commissions and with as little as $ 1 on a daily, weekly, biweekly or monthly schedule of your choice, ”reads the announcement.

“ Saving is a habit and recurring investments introduce a strategy to grow holdings over time, potentially reducing the impact of market volatility ”.

Robinhood announcement insists that its competitors are charging 4% for each cryptocurrency trade and the "mis sion of society is to democratize finance for all ”. "Commissions on other platforms are higher for smaller recurring purchases than they are for a single large one," points out Robinhood's announcement.

An Overview Of Robinhood Markets Inc. (NASDAQ: HOOD)

In the last trading session, 4.28 million Robinhood Markets Inc. (NASDAQ:HOOD) shares changed hands as the company’s beta touched 0. With the company’s per share price at $40.60 changed hands at -$0.57 or -1.38% during last session, the market valuation stood at $34.82B. HOOD’s last price was a discount, traded about -109.36% off its 52-week high of $85.00. The share price had its 52-week low at $33.25, which suggests the last value was 18.1% up since then. When we look at Robinhood Markets Inc.’s average trading volume, we note the 10-day average is 6.62 million shares, with the 3-month average coming to 28.55 million.

Analysts gave the Robinhood Markets Inc. (HOOD) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 1 out of 14 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended HOOD as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Robinhood Markets Inc.’s EPS for the current quarter is expected to be -$1.18.

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Instantly HOOD was in red as seen at the end of in last trading. With action -6.34%, the performance over the past five days has been red. The drop to weekly highs of 43.39 on Monday, 09/13/21 subtracted -1.38% to the stock’s daily price. The company’s shares are showing year-to-date upside of 16.60%, with the 5-day performance at -6.34% in the red. However, in the 30-day time frame, Robinhood Markets Inc. (NASDAQ:HOOD) is -15.59% down.

The consensus price target for the stock as assigned by Wall Street analysts is $55.40, meaning bulls need an upside of 26.71% from its current market value. According to analyst projections, HOOD’s forecast low is $35.00 with $84.20 as the target high. To hit the forecast high, the stock’s price needs a -107.39% plunge from its current level, while the stock would need to tank 13.79% for it to hit the projected low.

Robinhood Markets Inc. (HOOD) estimates and forecasts

Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of $423.92 million. 12 analysts are of the opinion that Robinhood Markets Inc.’s revenue for the quarter ending Dec 2021 will be $476.83 million.

The 2021 estimates are for Robinhood Markets Inc. earnings to increase by 102.70%, but the outlook for the next 5-year period is at 79.54% per year.

HOOD Dividends

Robinhood Markets Inc. is expected to release its next quarterly earnings report in October.

Robinhood Markets Inc. (NASDAQ:HOOD)’s Major holders>> 7 Top Picks for the Post-Pandemic Economy .

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