NEW YORK, USA – Shares of the popular trading platform Robinhood Markets, Inc. (NASDAQ: HOOD) experienced a significant downturn during Tuesday’s trading session, sliding sharply by early afternoon.
As of 1:17:55 PM EDT, Robinhood stock was trading at 2.82, equating to a -6.40% drop for the day. The decline represents a stark contrast to the previous day’s close of $44.08.
After opening the session lower at $41.86, the stock saw some initial fluctuation, reaching an intraday high of $43.14. However, selling pressure intensified, pushing the price down to a session low of $41.01. The current price reflects trading near the bottom of this daily range.
Trading activity in HOOD shares was notable, with volume reaching nearly 26 million shares by early afternoon. While active, this volume is tracking below the stock’s average daily volume of approximately 42.8 million shares.
The sell-off has impacted Robinhood’s intraday market capitalization, bringing it to around $36.508 billion. The stock exhibits a high Beta (5Y Monthly) of 2.18, indicating greater volatility relative to the overall market. Other financial metrics include a Price-to-Earnings (PE) ratio (TTM) of 26.43 and an Earnings Per Share (EPS) (TTM) of $1.56. Robinhood does not currently pay a dividend.
Despite today’s significant pullback, the current share price remains well within its 52-week range of $13.98 to $66.91, though considerably off the highs. It also sits below the reported 1-year analyst target estimate of $58.73.
Market participants continue to watch HOOD closely as the trading session progresses, observing whether the stock can find support or if further downward pressure will emerge. The next earnings date for Robinhood is listed as April 30, 2025.
