In today’s recent session, 2.92 million shares of the Robinhood Markets Inc (NASDAQ:HOOD) have been traded, and its beta is 1.72. Most recently the company’s share price was $17.75, and it changed around $0.56 or 3.23% from the last close, which brings the market valuation of the company to $15.52B. HOOD at last check was trading at a discount to its 52-week high of $20.55, offering almost -15.77% off that amount. The share price’s 52-week low was $7.91, which indicates that the recent value has risen by an impressive 55.44% since then. We note from Robinhood Markets Inc’s average daily trading volume that its 3-month average coming to 15.52 million.

Robinhood Markets Inc (NASDAQ:HOOD) trade information

Instantly HOOD has been showing a green trend so far today with a performance of 3.23% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 39.29% year-to-date, but still up 2.51% over the last five days. On the other hand, Robinhood Markets Inc (NASDAQ:HOOD) is -3.03% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $18.07, which translates to bulls needing to increase their stock price by 1.77% from its current value. Analyst projections state that HOOD is forecast to be at a low of $5 and a high of $55.

Robinhood Markets Inc (HOOD) estimates and forecasts

Robinhood Markets Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 94.36 percent over the past six months and at a 147.54% annual growth rate that is well above the industry average of 16.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 108.80% in revenue this quarter, and will report an increase of 200.00% in the next quarter. The year-over-year growth rate is expected to be 20.10%, up from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $547.4 million in revenue for the current quarter. 10 analysts expect Robinhood Markets Inc to make $594.87 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $424.53 million. Analysts predict that the company’s current quarter sales will jump, forecast at 28.90%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -48.35%.