In the latest trading session,, 4.58 million Robinhood Markets Inc (NASDAQ:HOOD) shares changed hands as the company’s beta touched 1.66. With the company’s most recent per share price at $19.34 changing hands around $0.26 or 1.36% at last look, the market valuation stands at $16.91B. HOOD’s current price is a discount, trading about -0.41% off its 52-week high of $19.42. The share price had its 52-week low at $7.91, which suggests the last value was 59.1% up since then. When we look at Robinhood Markets Inc’s average trading volume, we note the 10-day average is 18.13 million shares, with the 3-month average coming to 15.15 million.
Robinhood Markets Inc (NASDAQ:HOOD) trade information
Instantly HOOD is in green as seen in intraday trades today. With action 12.18%, the performance over the past five days has been green. The jump to weekly highs of 19.61 added 1.36% to the stock’s daily price. The company’s shares are showing year-to-date upside of 51.81%, with the 5-day performance at 12.18% in the green. However, in the 30-day time frame, Robinhood Markets Inc (NASDAQ:HOOD) is 24.05% up. Looking at the short shares, we see there were 33.56 million shares sold at short interest cover period of 1.79 days.
Robinhood Markets Inc (HOOD) estimates and forecasts
Data shows that the Robinhood Markets Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 99.79% over the past 6 months, a 137.70% in annual growth rate that is considerably higher than the industry average of 13.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Robinhood Markets Inc will rise 107.00%, while the growth in revenue is estimated to hit 233.30% for the next quarter. Year-over-year growth is forecast to reach 16.60% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $525.43 million. 9 analysts are of the opinion that Robinhood Markets Inc’s revenue for the quarter ending Jun 2024 will be $573.16 million. The company’s revenue for the corresponding quarters a year ago was $424.53 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -48.35%. The 2024 estimates are for Robinhood Markets Inc earnings to increase by 139.09%.
HOOD Dividends
Robinhood Markets Inc is expected to release its next quarterly earnings report between May 10 and May 14.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.11% of Robinhood Markets Inc shares while 77.91% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.78%. There are 77.91% institutions holding the Robinhood Markets Inc stock share, with Vanguard Group Inc the top institutional holder. As of Dec 30, 2023, the company held 7.46% of the shares, roughly 55.83 million HOOD shares worth $1.08 billion.
Galileo (ptc) Ltd holds the second largest percentage of outstanding shares, with 7.31% or 54.71 million shares worth $1.06 billion as of Dec 30, 2023.
Among Mutual Funds, the top two as of Jan 30, 2024 were ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. With 20.29 million shares estimated at $392.02 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.49% of the shares, roughly 18.63 million shares worth around $359.97 million.
