For Robinhood Markets Inc. [HOOD], Analyst sees a drop to $5. What next?


Robinhood Markets Inc. [NASDAQ: HOOD] gained 4.35% or 0.3 points to close at $7.19 with a heavy trading volume of 18098057 shares. The company report on May 31, 2022 that Robinhood Markets, Inc. to Present at the Piper Sandler Global Exchange & FinTech Conference on June 8, 2022.

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Today, Robinhood Markets, Inc. (NASDAQ: HOOD) announced that it will be participating in the upcoming Piper Sandler Global Exchange & FinTech Conference on June 8, 2022.

Robinhood Co-Founder and CEO Vlad Tenev, Chief Legal Officer Dan Gallagher, and Chief Brokerage Officer Steve Quirk are scheduled to present on Wednesday, June 8, 2022 at 9:00 AM ET / 6:00 AM PT. Interested parties may access a live audio webcast of the presentation by visiting the “Events” section of the company’s investor relations website at Following the presentation, a recording will be available for replay for at least 90 days on the same website.

It opened the trading session at $6.84, the shares rose to $7.22 and dropped to $6.84, the range by which the price of stock traded the whole day. The daily chart for HOOD points out that the company has recorded -60.36% loss over the past six months. However, it is still -5.58% lower than its most recent low trading price.

If we look at the average trading volume of 21.21M shares, HOOD reached to a volume of 18098057 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Robinhood Markets Inc. [HOOD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOOD shares is $12.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOOD stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Atlantic Equities have made an estimate for Robinhood Markets Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on June 15, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $15 to $13. The new note on the price target was released on April 08, 2022, representing the official price target for Robinhood Markets Inc. stock. Previously, the target price had yet another raise to $15, while Morgan Stanley analysts kept a Equal-Weight rating on HOOD stock. On January 31, 2022, analysts decreased their price target for HOOD shares from 51 to 24.

The Average True Range (ATR) for Robinhood Markets Inc. is set at 0.70, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 3.77. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 7.46. Price to Free Cash Flow for HOOD in the course of the last twelve months was 4.39 with Quick ratio for the last quarter at 1.60.

Trading performance analysis for HOOD stock

Robinhood Markets Inc. [HOOD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.94. With this latest performance, HOOD shares dropped by -26.10% in over the last four-week period, additionally sinking by -60.36% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOOD stock in for the last two-week period is set at 33.89, with the RSI for the last a single of trading hit 30.15, and the three-weeks RSI is set at 36.63 for Robinhood Markets Inc. [HOOD]. The present Moving Average for the last 50 days of trading for this stock 9.71, while it was recorded at 7.12 for the last single week of trading, and 20.96 for the last 200 days.

Robinhood Markets Inc. [HOOD]: A deeper dive into fundamental analysis

Robinhood Markets Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

An analysis of insider ownership at Robinhood Markets Inc. [HOOD]

There are presently around $3,604 million, or 67.50% of HOOD stock, in the hands of institutional investors. The top three institutional holders of HOOD stocks are: INDEX VENTURE ASSOCIATES VI LTD with ownership of 72,339,700, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; GALILEO (PTC) LTD, holding 58,063,445 shares of the stock with an approximate value of $417.48 million in HOOD stocks shares; and NEA MANAGEMENT COMPANY, LLC, currently with $342.7 million in HOOD stock with ownership of nearly -33.308% of the company’s market capitalization.

Positions in Robinhood Markets Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 166 institutional holders increased their position in Robinhood Markets Inc. [NASDAQ:HOOD] by around 130,614,499 shares. Additionally, 129 investors decreased positions by around 96,339,015 shares, while 55 investors held positions by with 274,264,793 shares. The mentioned changes placed institutional holdings at 501,218,307 shares, according to the latest SEC report filing. HOOD stock had 77 new institutional investments in for a total of 59,388,791 shares, while 72 institutional investors sold positions of 41,419,424 shares during the same period.