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- 1. How to buy Robinhood (HOOD) stock
- 2. Where to buy Robinhood stock?
- 3. How to buy stock in Robinhood in 3 simple steps
- 4. Compare the best platforms to buy Robinhood stock
- 5. Fundamental analysis of Robinhood shares
- 6. Is Robinhood a good investment for me?
- 7. How to sell Robinhood stock
- 8. Should I buy Robinhood stock now?
- 9. FAQs
How to buy Robinhood (HOOD) stock
Get started in minutes with our preferred broker,. 9/10
82% of retail CFD accounts lose money.
A big part of learning how to buy Robinhood stocks is finding the best place to make your investment. Robinhood stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Robinhood when following our step by step guide.
Where to buy Robinhood stock?Copy link to section
Based on our research, we’ve ranked the top three brokers where you can buy Robinhood shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.
77% of retail CFD accounts lose money.
Read more about how we test, rank & review platforms.
How to buy stock in Robinhood in 3 simple stepsCopy link to section
Buying Robinhood stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.
Step 1. Sign up to eToroCopy link to section
77% of retail CFD accounts lose money.
Step 2. Make a depositCopy link to section
Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.
Step 3. Buy Robinhood sharesCopy link to section
Search for Robinhood using the ticker, HOOD. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Robinhood and complete your purchase.
It’s as easy as that! You can buy Robinhood shares in just 10-15 minutes and now you’re a Robinhood shareholder.
Compare the best platforms to buy Robinhood stockCopy link to section
1. eToro. Best for beginners, copy-trading & demo-account
Pros & Cons
We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
Pros & Cons
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours.
Fundamental analysis of Robinhood sharesCopy link to section
What is Robinhood’s total worth?Copy link to section
Robinhood’s total net worth is $9.11 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.
How has Robinhood’s share price performed in recent years?Copy link to section
The current Robinhood stock price today is $10.37, which is87.87% below its all time high of $85.00, which it reached on 04 August, 2021.
Overall, HOOD is down 72.51% since listing on the stock market. The HOOD share price is up 25.16% in 2023 with a 52 week high of $16.49 and a 52 week low of $6.81.
What is Robinhood’s EPS?Copy link to section
Robinhood’s EPS is -$1.17. EPS stands for earnings per share and is calculated by dividing Robinhood’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.
What is the Robinhood P/E ratio?Copy link to section
Robinhood’s P/E ratio is N/A. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Robinhood’s earnings.
It is calculated by dividing the share price by the earnings per share. You can use Robinhood’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.
What is Robinhood’s dividend yield?Copy link to section
Robinhood’s dividend yield is 0%. The dividend yield tells you how much of Robinhood’s share price it gives back to shareholders in dividend payments every year. Robinhood does not pay dividends.
Is Robinhood stock a buy or sell?Copy link to section
The indicator below shows you live technical ratings for Robinhood stock on time frames from one minute to one month.
It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.
This indicator should be used when you research Robinhood to help you decide whether to buy Robinhood shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.
Is Robinhood a good investment for me?Copy link to section
The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Robinhood.
- Robinhood is one of the most popular trading platforms. Robinhood is an American financial services company that is headquartered in California. Founded in April 2013 by Vladimir Tenev and Baiju Bhatt, it has become one of the most popular places to invest in a diverse range of things, such as stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies.
- Its zero-commission model has attracted a lot of customers. The company’s big advantage is its commission-free model. Before Robinhood came along, investors commonly had to pay between $5 and $10 in fees per trade, and many also needed to invest a minimum of $500 to open an account. Robinhood has turned this archetype on its head, making investing much more accessible.
- HOOD stock has only really moved in one direction, down. Since its IPO in 2021, its share price has only really moved in one direction – down. In July 2021, it started trading on the NASDAQ for $35 per share. Its first few days on the market were very positive and its share price more than doubled. However, those initial gains were short-lived.
- It recently announced it was cutting its workforce. As the world moved out of lockdowns and stimulus cheques stopped, so did the rush of new money pouring into the financial markets. HOOD suffered as a result and saw user numbers drop off significantly. In April 2022, it announced it was cutting its workforce by 9% to save on costs, resulting in its share price dropping below $10.
- Robinhood stock may provide opportunities for short term trading. The price might swing dramatically in either direction as the market decides how much a share should be worth. HOOD has seen a substantial drop in its share price, which may entice some speculators into thinking they’re getting a good deal.
It’s always a good idea to think about any potential risks there might be as well. Use this summary of Robinhood’s pros and cons before you make a final decision on whether to buy Robinhood stock.
ProsCopy link to section
- It offers zero commission trading and investing
- Robinhood could provide astute traders with short term opportunities
Are there other ways to buy shares in Robinhood?Copy link to section
Yes, you can invest in Robinhood stock in a few different ways. One option is to buy stock in Robinhood directly through an investment platform as laid out above, while another popular choice is to invest in a fund.
Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a Nasdaq index fund to get exposure to Robinhood, or choose a growth ETF.
This can be a good investment strategy for beginners and a way to learn how to buy Robinhood shares from someone with more experience.
What are the fees for investing in Robinhood stock?Copy link to section
It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Robinhood stocks.
Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more.
These are the trading platforms that charge the lowest fees for buying stocks in Robinhood.
|Trading platform||Trading fees|
|Degiro||$0 (US) / £1.75 (UK)|
How to sell Robinhood stockCopy link to section
When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio.
From there, find your Robinhood stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.
Should I buy Robinhood stock now?Copy link to section
It’s your investing goals and style that define whether now is a good time to buy. The current Robinhood stock price plays into it but ultimately it depends on your investment horizons.
- If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Robinhood based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy HOOD.
- If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Robinhood’s fundamentals are solid then the best time to invest in Robinhood stock is after a dip or a pullback in price.
Most new traders sit somewhere between these two positions. You don’t want to actively trade Robinhood stock all hours of the day but you don’t want to wait years for a return either.
Either way, following HOOD price news and analysis will help you decide when to dip your toe into the market.
Latest Robinhood newsCopy link to section
Ark Invest liquidates Coinbase shares, buys Robinhood & Meta shares
Mizuho’s Dan Dolev is ‘super excited’ about this fintech stock
What is Robinhood’s price outlook after the quarter results?
Robinhood stock to go ‘higher’ after report the SEC won’t ban PFOF
Robinhood is a ‘flawed business model’: Jeff Kilburg
Robinhood Crypto fined $30 million by NYDFS
FAQsCopy link to section
There is no perfect way to value a stock. You can use financial metrics like the P/E ratio to compare share prices among Robinhood and its competitors, where a higher ratio indicates that a stock is more expensive. But lots of different factors play into Robinhood’s share price and the ‘right’ valuation is often a matter of opinion.
It depends on where you live but you do normally have to pay capital gains tax any time you make money from investing in Robinhood.
Capital gains tax is often charged at 10-15% of your profit but there are ways to limit the amount you have to pay, by using tax-friendly stock market investment vehicles and writing off losses.
Speak to an accountant or a tax professional and check the tax laws where you live to find out more.
Robinhood’s ticker symbol is NASDAQ:HOOD. A ticker symbol, or stock code, is a publicly traded company’s unique identifier so that you can find them on stock exchanges.
No, Robinhood does not pay a cash dividend.
Robinhood is ranked below average compared to similar companies, according to SustainAnalytics. It has an overall score of 31.9/100 and performs poorly for data security, customer privacy, and business ethics. It scores well for its governance factors, such as board structure and executive compensation.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >