During the recent session, Robinhood Markets Inc (NASDAQ:HOOD)’s traded shares were 6.21 million, with the beta value of the company hitting 1.84. At the last check today, the stock’s price was $26.10, reflecting an intraday gain of 2.35% or $0.6. The 52-week high for the HOOD share is $25.87, that puts it up 0.88 from that peak though still a striking 69.69% gain since the share price plummeted to a 52-week low of $7.91. The company’s market capitalization is $23.09B, and the average intraday trading volume over the past 10 days was 15.29 million shares, and the average trade volume was 14.49 million shares over the past three months.
Robinhood Markets Inc (HOOD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.17. HOOD has a Sell rating from 5 analyst(s) out of 18 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.18.
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Robinhood Markets Inc (NASDAQ:HOOD) trade information
Robinhood Markets Inc (HOOD) registered a 2.35% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.35% in intraday trading to $26.10, hitting a weekly high. The stock’s 5-day price performance is 14.02%, and it has moved by 20.61% in 30 days. Based on these gigs, the overall price performance for the year is 168.52%. The short interest in Robinhood Markets Inc (NASDAQ:HOOD) is 26.65 million shares and it means that shorts have 2.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $21.5, which implies a decrease of -21.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $55 respectively. As a result, HOOD is trading at a discount of -110.73% off the target high and 80.84% off the low.
Robinhood Markets Inc (HOOD) estimates and forecasts
Statistics show that Robinhood Markets Inc has outperformed its competitors in share price, compared to the industry in which it operates. Robinhood Markets Inc (HOOD) shares have gone up 45.24% during the last six months, with a year-to-date growth rate more than the industry average at 224.59% against 25.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 300.00% this quarter and then jump 466.70% in the quarter after that. In the rating firms’ projections, revenue will increase 40.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 651.44M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 645.91M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -48.35%. While earnings are projected to return 220.20% in 2024, the next five years will return 2.70% per annum.
HOOD Dividends
Robinhood Markets Inc is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
Robinhood Markets Inc insiders own 0.79% of total outstanding shares while institutional holders control 79.14%, with the float percentage being 79.76%. VANGUARD GROUP INC is the largest shareholder of the company, while 663.0 institutions own stock in it. As of 2024-06-30, the company held over 60.42 million shares (or 6.9022% of all shares), a total value of $1.37 billion in shares.
The next largest institutional holding, with 36.21 million shares, is of RIBBIT MANAGEMENT COMPANY, LLC’s that is approximately 4.1364% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $822.28 million.
