Robinhood Stock Slips 3% as Market Braces for Q1 Earnings
Shares of Robinhood Markets Inc (NASDAQ: HOOD) experienced a decline in Tuesday afternoon trading, as investors looked ahead to the company’s first-quarter earnings report. The stock was trading at 47.89 USD according to the latest market update.
This price reflected a decrease of 1.48 USD, equating to a 3.00 percent drop for the day. The data, captured on April 30th at 2:50 pm GMT-4, showed the stock trading below its previous closing price of 49.37 USD. This movement occurred just hours before Robinhood’s scheduled Q1 Earnings Call at 5:00 pm GMT-4.
The trading session saw HOOD open at 46.41 USD. It fluctuated during the day, reaching a high of 48.00 USD and hitting a low of 46.18 USD. The intraday chart depicts volatility, with the price generally trending below the prior close.
Key financial details indicated a Price to Earnings (P/E) ratio of 30.75 for Robinhood. The company currently does not pay a dividend yield. Its market capitalization was listed as 4.22KCr.
Over the past 52 weeks, Robinhood shares have traded within a range spanning from a low of 13.98 USD to a high of 66.08 USD. The investment community is keenly awaiting the financial results and management commentary from the upcoming earnings call.
