An Analysis Of Robinhood Markets Inc (NASDAQ: HOOD), And Its Business Forecast

In the last trading session, 61.98 million shares of the Robinhood Markets Inc (NASDAQ:HOOD) were traded, and its beta was 2.15. Most recently the company’s share price was $46.22, and it changed around -$0.67 or -1.43% from the last close, which brings the market valuation of the company to $40.93B. HOOD currently trades at a discount to its 52-week high of $66.91, offering almost -44.76% off that amount. The share price’s 52-week low was $13.98, which indicates that the current value has risen by an impressive 69.75% since then.

Robinhood Markets Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.79. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 7 recommended HOOD as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.

Robinhood Markets Inc (NASDAQ:HOOD) trade information

Instantly HOOD has showed a red trend with a performance of -1.43% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 54.84 on recent trading dayincreased the stock’s daily price by 15.72%. The company’s shares are currently up 24.05% year-to-date, but still up 0.65% over the last five days. On the other hand, Robinhood Markets Inc (NASDAQ:HOOD) is -11.03% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $54, which translates to bulls needing to increase their stock price by 14.41% from its current value. Analyst projections state that HOOD is forecast to be at a low of $40 and a high of $60.

Robinhood Markets Inc earnings are expected to increase by -6.12% in 2025, but the outlook is positive 6.06% per year for the next five years.

HOOD Dividends

Robinhood Markets Inc’s next quarterly earnings report is expected to be released in April.

RIBBIT MANAGEMENT COMPANY, LLC, with 4.1094% or 36.21 million shares worth $822.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.