Robinhood Markets Inc (NASDAQ:HOOD) has a beta value of 2.09 and has seen 26.97 million shares traded in the last trading session. The company, currently valued at $36.80B, closed the last trade at $41.63 per share which meant it lost -$1.57 on the day or -3.63% during that session. The HOOD stock price is -5.28% off its 52-week high price of $43.83 and 75.07% above the 52-week low of $10.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.14 million shares traded. The 3-month trading volume is 20.19 million shares.
The consensus among analysts is that Robinhood Markets Inc (HOOD) is Buy stock at the moment, with a recommendation rating of 1.78. 5 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 18 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.38.
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Robinhood Markets Inc (NASDAQ:HOOD) trade information
Sporting -3.63% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HOOD stock price touched $41.63 or saw a rise of 5.02%. Year-to-date, Robinhood Markets Inc shares have moved 226.77%, while the 5-day performance has seen it change 11.43%. Over the past 30 days, the shares of Robinhood Markets Inc (NASDAQ:HOOD) have changed 28.81%. Short interest in the company has seen 16.37 million shares shorted with days to cover at 0.65.
Wall Street analysts have a consensus price target for the stock at $40, which means that the shares’ value could drop -4.08% from current levels. The projected low price target is $18.0 while the price target rests at a high of $60.0. In that case, then, we find that the current price level is -44.13% off the targeted high while a plunge would see the stock lose 56.76% from current levels.
Robinhood Markets Inc (HOOD) estimates and forecasts
Figures show that Robinhood Markets Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 90.44% over the past 6 months, with this year growth rate of 231.15%, compared to 17.80% for the industry. Revenue growth from the last financial year stood is estimated to be 45.54%.
8 analysts offering their estimates for the company have set an average revenue estimate of 819.83M for the current quarter. 8 have an estimated revenue figure of 781.16M for the next ending quarter. Year-ago sales stood 471M and 618M respectively for this quarter and the next, and analysts expect sales will grow by 74.06% for the current quarter and 45.54% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -48.35% over the past 5 years. Earnings growth for 2024 is a modest 231.73% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.
HOOD Dividends
Robinhood Markets Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
Insiders own 0.73% of the company shares, while shares held by institutions stand at 78.89% with a share float percentage of 79.47%. Investors are also buoyed by the number of investors in a company, with Robinhood Markets Inc having a total of 698.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 60.42 million shares worth more than $1.37 billion. As of 2024-06-30, VANGUARD GROUP INC held 6.9022% of shares outstanding.
The other major institutional holder is RIBBIT MANAGEMENT COMPANY, LLC, with the holding of over 36.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $822.28 million and represent 4.1364% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . As of Sep 30, 2024 , the former fund manager holds about 3.01% shares in the company for having 23.01 shares of worth $957.7 million while later fund manager owns 18.14 shares of worth $755.3 million as of Sep 30, 2024 , which makes it owner of about 2.38% of company’s outstanding stock.
