Robinhood Markets Inc (NASDAQ: HOOD) Surprised Bears With Its Forecast.

In today’s recent session, 5.59 million shares of the Robinhood Markets Inc (NASDAQ:HOOD) have been traded, and its beta is 1.83. Most recently the company’s share price was $21.48, and it changed around -$0.81 or -3.63% from the last close, which brings the market valuation of the company to $18.88B. HOOD at last check was trading at a discount to its 52-week high of $24.28, offering almost -13.04% off that amount. The share price’s 52-week low was $7.91, which indicates that the recent value has risen by an impressive 63.18% since then. We note from Robinhood Markets Inc’s average daily trading volume that its 3-month average coming to 17.39 million.

Robinhood Markets Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.72. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended HOOD as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Robinhood Markets Inc is expected to report earnings per share of 0.14 for the current quarter.

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Robinhood Markets Inc (NASDAQ:HOOD) trade information

Instantly HOOD has been showing red trend so far today with a performance of -3.63% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 68.60% year-to-date, but still down -4.19% over the last five days. On the other hand, Robinhood Markets Inc (NASDAQ:HOOD) is 9.26% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $19.81, which translates to bulls needing to decrease their stock price by -8.43% 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 70.21 percent over the past six months and at a 191.80% annual growth rate that is well above the industry average of 22.60%. The year-over-year growth rate is expected to be 30.30%, up from the previous year.

Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 622.89M in revenue for the current quarter. 10 analysts expect Robinhood Markets Inc to make 591.74M in revenue for the current ending quarter.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -48.35%.

HOOD Dividends

Robinhood Markets Inc’s next quarterly earnings report is expected to be released in July.