【Regulatory Storm Lingers, How Long Can HOOD Bulls Hold Out?】
Robinhood's stock price is once again approaching $100, with a total market value of approximately $87 billion. Recently, the Florida Attorney General has launched an investigation into its cryptocurrency business, and the shadow of regulation remains. Meanwhile, FT data shows that HOOD's PE ratio of 72 far exceeds its peers, suggesting that its valuation may have exhausted future growth potential.
The short-term bullish atmosphere in options is strong—today's options trading volume reached 653,000 contracts, 123% higher than the 30-day average, with a Put/Call ratio of only 0.41; however, the open interest Put/Call ratio remains at 0.60, indicating that medium to long-term investors prefer hedging. The 30-day implied volatility is 74.7%, with an IV Rank of 45%; although it is lower than the peak in April, it leaves room for volatility ahead of earnings reports.
Several investment banks have target prices around $100; however, the regulatory storm and high valuation may also suppress elasticity.