- Robinhood reported net deposits of $5 billion in November.
- The company’s assets under custody exceeded $190 billion during the same period.
- Funded customer accounts increased by over 400,000 in November.
- Equity notional trading volume surpassed $145 billion for the month.
- Margin balances were reported to be over $6.5 billion.
- Total cash sweep balances reached over $26 billion.
- Robinhood intends to release its complete November operating data next week.
- Shares of Robinhood rose 3.2% in pre-market trading to $39.89, with 123,621 shares traded.
- Market analysts issued 13 buy, 6 hold, and 1 sell recommendations for Robinhood’s shares.
Robinhood Markets on Smartkarma
Analyst coverage on Robinhood Markets on Smartkarma by Dimitris Ioannidis indicates a bullish sentiment in the S&P MidCap 400 September 2024 Forecasts report. The report highlights that Robinhood (HOOD), along with Entegris (ENTG) and LPL Financial Holdings (LPLA), are top candidates for addition based on market cap, sector balance, liquidity, and earnings criteria. CVNA, HOOD, LPLA, and ENTG are identified as strong potential additions with the highest combined scores, while Ensign Group (ENSG US) and Mueller Industries (MLI US) are likely candidates for inclusion. However, migration candidates are noted to have insufficient market cap estimates, indicating potential limitations.
A look at Robinhood Markets Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Robinhood Markets, Inc. operates a financial services platform catering to clients in the United States. When looking at the Smartkarma Smart Scores, Robinhood Markets shines in areas of Growth and Momentum, scoring high with a 4 and 5 respectively. This indicates a positive long-term outlook for the company in terms of expanding its offerings and maintaining a strong upward trend in the market.
While Robinhood Markets shows strength in Growth and Momentum, it receives average scores for Value and Resilience at 3 each, suggesting a stable but not exceptional performance in these areas. However, its low Dividend score of 1 reflects that the company does not provide significant returns to its shareholders in the form of dividends. Overall, with a focus on innovation and market momentum, Robinhood Markets appears positioned for potential long-term success in the financial services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
