Robinhood Markets Inc. (NASDAQ:HOOD) has seen 5.16 million shares traded in the last trading session. The company, currently valued at $8.19B, closed the last trade at $9.71 per share which meant 0.00% during that session. The HOOD stock price is -69.82% off its 52-week high price of $16.49 and 29.87% above the 52-week low of $6.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.86 million shares traded. The 3-month trading volume is 10.06 million shares.
The consensus among analysts is that Robinhood Markets Inc. (HOOD) is a Hold stock at the moment, with a recommendation rating of 3.10. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 15 have rated it as a Hold, with 4 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.31.
Robinhood Markets Inc. (NASDAQ:HOOD) trade information
The stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the HOOD stock price touched $9.71 or saw a rise of 1.32%. Year-to-date, Robinhood Markets Inc. shares have moved 19.29%, while the 5-day performance has seen it change 2.00%. Over the past 30 days, the shares of Robinhood Markets Inc. (NASDAQ:HOOD) have changed 18.85%. Short interest in the company has seen 34.96 million shares shorted with days to cover at 3.17.
Wall Street analysts have a consensus price target for the stock at $11.42, which means that the shares’ value could jump 14.97% from current levels. The projected low price target is $8.00 while the price target rests at a high of $25.00. In that case, then, we find that the current price level is -157.47% off the targeted high while a plunge would see the stock lose 17.61% from current levels.
Robinhood Markets Inc. (HOOD) estimates and forecasts
Figures show that Robinhood Markets Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 9.22% over the past 6 months, with this year growth rate of 85.18%, compared to 0.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 85.00% and 57.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be -23.90%.
9 analysts offering their estimates for the company have set an average revenue estimate of $355.27 million for the current quarter. 9 have an estimated revenue figure of $393.77 million for the next quarter concluding in Dec 2022.
Robinhood Markets Inc. is expected to release its next earnings report on November 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Robinhood Markets Inc. (NASDAQ:HOOD)’s Major holders
Insiders own 8.13% of the company shares, while shares held by institutions stand at 62.96% with a share float percentage of 68.53%. Investors are also buoyed by the number of investors in a company, with Robinhood Markets Inc. having a total of 385 institutions that hold shares in the company. The top two institutional holders are Index Venture Associates VI Ltd with over 72.34 million shares worth more than $594.63 million. As of Jun 29, 2022, Index Venture Associates VI Ltd held 9.61% of shares outstanding.
The other major institutional holder is Galileo (PTC) Ltd, with the holding of over 58.06 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $477.28 million and represent 7.72% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 2.85% shares in the company for having 21.47 million shares of worth $216.9 million while later fund manager owns 17.51 million shares of worth $143.95 million as of Jun 29, 2022, which makes it owner of about 2.33% of company’s outstanding stock.