In today’s recent session, 13.79 million shares of the Robinhood Markets Inc (NASDAQ:HOOD) have been traded, and its beta is 1.91. Most recently the company’s share price was $34.78, and it changed around $2.46 or 7.63% from the last close, which brings the market valuation of the company to $30.84B. HOOD at last check was trading at a discount to its 52-week high of $34.32, offering almost 1.32% off that amount. The share price’s 52-week low was $7.91, which indicates that the recent value has risen by an impressive 77.26% since then. We note from Robinhood Markets Inc’s average daily trading volume that its 10-day average is 24.88 million shares, with the 3-month average coming to 15.04 million.
Robinhood Markets Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.06. If we narrow it down even further, the data shows that 1 out of 19 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 8 recommended HOOD as a Hold, whereas 6 deemed it a Buy, and 1 rated it as Underweight.
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Robinhood Markets Inc (NASDAQ:HOOD) trade information
Instantly HOOD has been showing a green trend so far today with a performance of 7.63% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 34.75 on recent trading daydecreased the stock’s daily price by -0.09%. The company’s shares are currently up 173.04% year-to-date, but still up 6.05% over the last five days. On the other hand, Robinhood Markets Inc (NASDAQ:HOOD) is 29.65% up in the 30-day period. We can see from the shorts that 19.96 million shares have been sold at a short interest cover period of 1.3 day(s).
The consensus price target as assigned by Wall Street analysts is $24, which translates to bulls needing to decrease their stock price by -44.92% 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 66.91 percent over the past six months and at a 218.03% annual growth rate that is well above the industry average of 21.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -48.35%. Robinhood Markets Inc earnings are expected to increase by 220.53% in 2024, but the outlook is positive 2.70% per year for the next five years.
HOOD Dividends
Robinhood Markets Inc’s next quarterly earnings report is expected to be released on 2025-Feb-11.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.74% of Robinhood Markets Inc shares, and 79.18% of them are in the hands of institutional investors. The stock currently has a share float of 79.77%. Robinhood Markets Inc stock is held by 686.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.9022% of the shares, which is about 60.42 million shares worth $1.37 billion.
RIBBIT MANAGEMENT COMPANY, LLC, with 4.1364% or 36.21 million shares worth $822.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
