Delving into NASDAQ:HOOD's high Growth Prospects.

Our stock screener has flagged ROBINHOOD MARKETS INC - A (NASDAQ:HOOD) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:HOOD for potential movement.

Technical analysis of NASDAQ:HOOD

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall HOOD gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HOOD has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that HOOD is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by HOOD over the past year are nicely spread over this period.
• HOOD is part of the Capital Markets industry. There are 218 other stocks in this industry. HOOD outperforms 99% of them.
• A new 52 week high is currently being made by HOOD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
• In the last month HOOD has a been trading in the 22.05 - 28.57 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of HOOD contains the most current technical analsysis.

How does the Setup look for NASDAQ:HOOD

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:HOOD is 7:

Besides having an excellent technical rating, HOOD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Looking into the high growth metrics of ROBINHOOD MARKETS INC - A

• The earnings per share (EPS) of ROBINHOOD MARKETS INC - A have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 289.0% increase. This reflects the company's ability to improve its profitability over time.
• ROBINHOOD MARKETS INC - A has experienced 36.4% q2q revenue growth, indicating a significant sales increase.
• With impressive 1-year revenue growth of 37.33%, ROBINHOOD MARKETS INC - A showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• Over the past 3 months, analysts have adjusted their EPS Estimate for ROBINHOOD MARKETS INC - A with a 55.65% change. This highlights the evolving outlook on the company's EPS potential.
• The quarterly earnings of ROBINHOOD MARKETS INC - A have shown a 289.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• accelerating EPS growth for ROBINHOOD MARKETS INC - A: the current Q2Q growth of 289.0% exceeds the previous year Q2Q growth of 55.0%.
• ROBINHOOD MARKETS INC - A has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• With positive growth in its free cash flow (FCF) over the past year, ROBINHOOD MARKETS INC - A showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• With a current Debt-to-Equity ratio at 0.71, ROBINHOOD MARKETS INC - A showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• ROBINHOOD MARKETS INC - A exhibits a favorable ownership structure, with an institutional shareholder ownership of 75.84%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• ROBINHOOD MARKETS INC - A has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• The Relative Strength (RS) of ROBINHOOD MARKETS INC - A has been consistently solid, with a current 98.12 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. ROBINHOOD MARKETS INC - A exhibits strong prospects for further price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.