In last trading session, Robinhood Markets Inc (NASDAQ:HOOD) saw 33.14 million shares changing hands with its beta currently measuring 2.08. Company’s recent per share price level of $37.08 trading at -$4.55 or -10.93% at ring of the bell on the day assigns it a market valuation of $32.78B. That closing price of HOOD’s stock is at a discount of -18.2% from its 52-week high price of $43.83 and is indicating a premium of 72.01% from its 52-week low price of $10.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 31.07 million shares which gives us an average trading volume of 20.48 million if we extend that period to 3-months.
For Robinhood Markets Inc (HOOD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.78. Splitting up the data highlights that, out of 18 analysts covering the stock, 5 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.38 in the current quarter.
Robinhood Markets Inc (NASDAQ:HOOD) trade information
Upright in the red during last session for losing -10.93%, in the last five days HOOD remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $37.08 price level, adding 15.4% to its value on the day. Robinhood Markets Inc’s shares saw a change of 191.05% in year-to-date performance and have moved -2.01% in past 5-day. Robinhood Markets Inc (NASDAQ:HOOD) showed a performance of 5.94% in past 30-days. Number of shares sold short was 16.37 million shares which calculate 0.65 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 40 to the stock, which implies a rise of 7.3% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 60. It follows that stock’s current price would jump 51.46% in reaching the projected high whereas dropping to the targeted low would mean a gain of 51.46% for stock’s current value.
Robinhood Markets Inc (HOOD) estimates and forecasts
Statistics highlight that Robinhood Markets Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 70.64% of value to its shares in past 6 months, showing an annual growth rate of 231.15% while that of industry is 17.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 45.54% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 819.83M for the same. And 8 analysts are in estimates of company making revenue of 781.16M in the next quarter. Company posted 471M and 618M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -48.35% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 231.73% while estimates for its earnings growth in next 5 years are of 7.00%.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
Insiders are in possession of 0.73% of company’s total shares while institution are holding 78.89 percent of that, with stock having share float percentage of 79.47%. Investors also watch the number of corporate investors in a company very closely, which is 78.89% institutions for Robinhood Markets Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at HOOD for having 60.42 million shares of worth $1.37 billion. And as of 2024-06-30, it was holding 6.9022 of the company’s outstanding shares.
The second largest institutional holder is RIBBIT MANAGEMENT COMPANY, LLC, which was holding about 36.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1364 of outstanding shares, having a total worth of $822.28 million.