Robinhood (HOOD, $54.34) to buy Say for $140 million
Robinhood announced that it will purchase fintech firm Say Technologies for $140 million, in an all-cash deal.
Say has a communication platform that crowdsources questions from retail investors and lets them interact with companies they invest in during annual meetings.
"Like Robinhood, Say was built on the belief that everyone should have the same access to the financial markets as Wall Street insiders," Robinhood said in a blogpost. "We share a common goal of eliminating the barriers that keep people from participating in our financial system."
Momentum Indicator for HOOD turns positive, indicating new upward trend
HOOD saw its Momentum Indicator move above the 0 level on May 26, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator turned positive. In of the 23 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where HOOD's RSI Oscillator exited the oversold zone, of 14 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 26 cases where HOOD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HOOD just turned positive on May 23, 2023. Looking at past instances where HOOD's MACD turned positive, the stock continued to rise in of 15 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HOOD advanced for three days, in of 87 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
HOOD moved below its 50-day moving average on May 12, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for HOOD crossed bearishly below the 50-day moving average on April 27, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HOOD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HOOD broke above its upper Bollinger Band on May 11, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for HOOD entered a downward trend on May 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.145) is normal, around the industry mean (31.357). P/E Ratio (28.329) is within average values for comparable stocks, (167.955). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.102). Dividend Yield (0.000) settles around the average of (0.033) among similar stocks. P/S Ratio (5.208) is also within normal values, averaging (70.673).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. HOOD’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HOOD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
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Fundamental Analysis Ratings
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