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Robinhood Markets Inc. (NASDAQ:HOOD) Currently -395.75% Below Its 52-Week High But The Downside Potential May Surprise You

In last trading session, Robinhood Markets Inc. (NASDAQ:HOOD) saw 28.86 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $9.65 trading at -$0.27 or -2.72% at ring of the bell on the day assigns it a market valuation of $9.32B. That closing price of HOOD’s stock is at a discount of -395.75% from its 52-week high price of $47.84 and is indicating a premium of 29.43% from its 52-week low price of $6.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.98 million shares which gives us an average trading volume of 13.79 million if we extend that period to 3-months.

For Robinhood Markets Inc. (HOOD), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.90. Splitting up the data highlights that, out of 14 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 4 see the stock as a Buy. 2 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.31 in the current quarter.

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Robinhood Markets Inc. (NASDAQ:HOOD) trade information

Upright in the red during last session for losing -2.72%, in the last five days HOOD remained trading in the red while hitting it’s week-highest on Thursday, 09/22/22 when the stock touched $9.65 price level, adding 13.06% to its value on the day. Robinhood Markets Inc.’s shares saw a change of -45.66% in year-to-date performance and have moved -14.22% in past 5-day. Robinhood Markets Inc. (NASDAQ:HOOD) showed a performance of 5.12% in past 30-days. Number of shares sold short was 37.61 million shares which calculate 3.22 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $11.38 to the stock, which implies a rise of 15.2% to its current value. Analysts have been projecting $7.00 as a low price target for the stock while placing it at a high target of $28.00. It follows that stock’s current price would drop -190.16% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.46% for stock’s current value.

Robinhood Markets Inc. (HOOD) estimates and forecasts

Statistics highlight that Robinhood Markets Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -26.22% of value to its shares in past 6 months, showing an annual growth rate of 82.38% while that of industry is -10.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 85.00% in the current quarter and calculating 51.00% increase in the next quarter. This year revenue growth is estimated to fall -24.60% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $352.5 million for the same. And 9 analysts are in estimates of company making revenue of $389.57 million in the next quarter that will end on Dec 2022.

HOOD Dividends

Robinhood Markets Inc. is more likely to be releasing its next quarterly report on August 03 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Robinhood Markets Inc. (NASDAQ:HOOD)’s Major holders

Insiders are in possession of 8.11% of company’s total shares while institution are holding 62.80 percent of that, with stock having share float percentage of 68.35%. Investors also watch the number of corporate investors in a company very closely, which is 62.80% institutions for Robinhood Markets Inc. that are currently holding shares of the company. Index Venture Associates VI Ltd is the top institutional holder at HOOD for having 72.34 million shares of worth $698.08 million. And as of Jun 29, 2022, it was holding 9.61% of the company’s outstanding shares.

The second largest institutional holder is Galileo (PTC) Ltd, which was holding about 58.06 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 7.72% of outstanding shares, having a total worth of $560.31 million.

On the other hand, ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2022, the former fund manager was holding 20.27 million shares of worth $195.58 million or 2.69% of the total outstanding shares. The later fund manager was in possession of 17.51 million shares on Jun 29, 2022, making its stake of worth around $168.99 million in the company or a holder of 2.33% of company’s stock.

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