Robinhod stock price reached a record high this month as its earnings revealed that the business was doing well.
Summary
- The price of Robinhood share has jumped on a record high this year.
- The company’s crypto revenue exceeded double.
- Stock faces adequate valuation risks.
Hood sought at a high level of $ 113.38, to its friend-to-date profit to 180% and its market capitalization to about $ 100 billion.
Robinhood stock is Cattest
The most recent results have shown that Robinhod’s business is getting rid of more customers. This ended the second quarter with 26.5 million funded customers, which was above 24.2 million in the same period last year.
More customers are subscribing to its gold package, with the number of customers 3.48 million. The total assets in their platforms increased to $ 279 billion.
Most importantly, Robinhod has been made a prominent player in the Crypto industry, a trend that will continue after bitstamp acquisition. Its crypto transaction revenue rose to $ 160 million, leap of 98% from Q2’24.
Robinhood is focusing on innovation to promote its revenue and profits. For example, it is now offering token stock in Europe, and working on a layer -2 network platform using Arbitrum (ARB) technology.
Robinhood has also left a polymerket rival by launching a predictive market. It is also working to increase its margin by reducing the cost.
As a result, Enlishes are optimistic that the company will get an increase this year. The announcement of estimates among analysts is that the annual revenue would collide at $ 3.99 billion, which was up to 35% last year. After this, $ 4.7 billion will be killed in the next financial results.
However, Robinhod stock has a major risk that can affect its further performance: Kas for Seikinglfa, it has a further price of 60s, the cost of 10.6, which is much higher than the Financel Sector Median of 10.6.
Its forward PEG ratio, a unique P/e multiple that covers its glory is 0.11, which is much higher than the sector medium of 0.57. Therefore, these numbers means that the price of stock is for perfection and a pullback can be potable.
There are technical risks in hood stock price
The daily chart shows that the price of hood stock has been in a strange bull run this year and now it is sitting at its all -time high level.
This chart suggests that stock has two major risks. First, the deviation pattern of a recession such as MACD and relative power such as a recession. A deviation occurs when these indicators fall as the price increases.
Second, the price of the stock is much higher than the 50-day and 100-day ambush. The risk is that it can withstand an average revelation, where an asset falls and the motors return to the average of their history as investors book profits.
