During the last session, Robinhood Markets Inc (NASDAQ:HOOD)’s traded shares were 24.69 million, with the beta value of the company hitting 1.85. At the end of the trading day, the stock’s price was $28.21, reflecting an intraday gain of 0.64% or $0.18. The 52-week high for the HOOD share is $28.36, that puts it down -0.53 from that peak though still a striking 71.96% gain since the share price plummeted to a 52-week low of $7.91. The company’s market capitalization is $24.96B, and the average intraday trading volume over the past 10 days was 12.52 million shares, and the average trade volume was 14.36 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.
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Robinhood Markets Inc (NASDAQ:HOOD) trade information
Robinhood Markets Inc (HOOD) registered a 0.64% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.64% in intraday trading to $28.21, hitting a weekly high. The stock’s 5-day price performance is 5.66%, and it has moved by 26.33% in 30 days. Based on these gigs, the overall price performance for the year is 210.68%. The short interest in Robinhood Markets Inc (NASDAQ:HOOD) is 22.74 million shares and it means that shorts have 1.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $23, which implies a decrease of -22.65% 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 -94.97% off the target high and 82.28% 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 69.43% during the last six months, with a year-to-date growth rate more than the industry average at 221.31% against 20.20.
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 219.08% 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 in November. 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 79.67%, with the float percentage being 80.30%. VANGUARD GROUP INC is the largest shareholder of the company, while 665.0 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.
