Today Barrons is reporting: "Robinhood Markets stock is in the spotlight amid revelations that disgraced crypto executive Sam Bankman-Fried tapped his hedge fund, Alameda Research-now embroiled in bankruptcy proceedings and criminal charges-to help him buy a stake in the broker." For full coverage click here. Shares of the mid-cap Technology company have not moved much on the news as of the morning trading session, and are currently trading at $7.71.
Robinhood Markets, Inc. operates financial services platform in the United States. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Robinhood Markets has a trailing 12 month P/E ratio of -1.9 and a P/B ratio of 1.0.
Robinhood Markets has moved -55.0% over the last year compared to -20.1% for the S&P 500 -- a difference of -34.9%. Robinhood Markets has a 52 week high of $18.94 and a 52 week low of $6.81. At today's price of $7.71 per share, Robinhood Markets is -37.5% away from its target price of $12.33, and on average, analysts give the stock a rating of hold. 7.2% of the company's shares are linked to short positions, and 67.8% of the shares are owned by institutional investors.
