Weak Fundamental Momentum Sinks Robinhood Markets Inc

Robinhood Markets Inc (NASDAQ:HOOD) has a beta value of 2.26 and has seen 9.02 million shares traded in the recent trading session. The company, currently valued at $69.26B, closed the recent trade at $43200000.0 per share which meant it gained $43199921.5 on the day or 9017651% during that session. The HOOD stock price is 100.0% off its 52-week high price of $79.38 and 100.0% above the 52-week low of $13.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 38.28 million shares traded. The 3-month trading volume is 43.20 million shares.

The consensus among analysts is that Robinhood Markets Inc (HOOD) is Buy stock at the moment, with a recommendation rating of 1.83. 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.

Robinhood Markets Inc (NASDAQ:HOOD) trade information

Over the past 30 days, the shares of Robinhood Markets Inc (NASDAQ:HOOD) have changed 22.91%. Short interest in the company has seen 26.66 million shares shorted with days to cover at 0.68.

Wall Street analysts have a consensus price target for the stock at $75.5, which means that the shares’ value could drop -57218443.05% from the levels at last check today.. The projected low price target is $61.0 while the price target rests at a high of $90.0. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..

Robinhood Markets Inc (HOOD) estimates and forecasts

The company’s shares have gained 88.54% over the past 6 months.

Earnings growth for 2025 is a modest -18.99% while over the next 5 years, the company’s earnings are expected to increase by 5.86%.

HOOD Dividends

Robinhood Markets Inc is expected to release its next earnings report on 2025-Apr-30 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 0.85% of the company shares, while shares held by institutions stand at 69.74% with a share float percentage of 70.34%. Investors are also buoyed by the number of investors in a company, with Robinhood Markets Inc having a total of 1128.0 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 6.8571% 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 4.1094% of shares outstanding.

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