Robinhood Markets Inc. [NASDAQ: HOOD] price plunged by -4.56 percent to reach at -$0.43. The company report on March 1, 2023 that Robinhood Markets, Inc. to Present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023.
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Robinhood CEO and Co-Founder Vlad Tenev is scheduled to present on Wednesday, March 8, 2023 at 2:35 PM ET / 11:35 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 investors.robinhood.com. Following the presentation, a recording will be available for replay for at least 90 days on the same website.
A sum of 12758502 shares traded at recent session while its average daily volume was at 7.44M shares. Robinhood Markets Inc. shares reached a high of $9.37 and dropped to a low of $8.51 until finishing in the latest session at $9.01.
The one-year HOOD stock forecast points to a potential upside of 24.54. The average equity rating for HOOD stock is currently 3.10, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $11.94 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 3.10. 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.
Citigroup have made an estimate for Robinhood Markets Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 13, 2022. The new note on the price target was released on August 31, 2022, representing the official price target for Robinhood Markets Inc. stock. Previously, the target price had yet another drop from $11.50 to $9.50, while Goldman kept a Neutral rating on HOOD stock. On June 15, 2022, analysts decreased their price target for HOOD shares from 15 to 5.
The Average True Range (ATR) for Robinhood Markets Inc. is set at 0.50, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 6.23. The Price to Book ratio for the last quarter was 1.15.
HOOD Stock Performance Analysis:
Robinhood Markets Inc. [HOOD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.99. With this latest performance, HOOD shares dropped by -13.94% in over the last four-week period, additionally sinking by -10.79% over the last 6 months – not to mention a drop of -27.46% in the past year of trading.
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 38.60, with the RSI for the last a single of trading hit 33.19, and the three-weeks RSI is set at 42.36 for Robinhood Markets Inc. [HOOD]. The present Moving Average for the last 50 days of trading for this stock 9.59, while it was recorded at 9.45 for the last single week of trading, and 9.54 for the last 200 days.
Insight into Robinhood Markets Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Robinhood Markets Inc. [HOOD] shares currently have an operating margin of -68.16 and a Gross Margin at +84.44. Robinhood Markets Inc.’s Net Margin is presently recorded at -74.38.
Return on Equity for this stock declined to -14.43, with Return on Assets sitting at -4.77.
Robinhood Markets Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
Robinhood Markets Inc. [HOOD] Insider Position Details
There are presently around $4,954 million, or 67.70% 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 65,105,720, 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 $523.15 million in HOOD stocks shares; and VANGUARD GROUP INC, currently with $481.89 million in HOOD stock with ownership of nearly 8.324% of the company’s market capitalization.
Positions in Robinhood Markets Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 157 institutional holders increased their position in Robinhood Markets Inc. [NASDAQ:HOOD] by around 48,563,768 shares. Additionally, 149 investors decreased positions by around 21,998,088 shares, while 75 investors held positions by with 479,260,370 shares. The mentioned changes placed institutional holdings at 549,822,226 shares, according to the latest SEC report filing. HOOD stock had 76 new institutional investments in for a total of 18,796,064 shares, while 58 institutional investors sold positions of 6,069,225 shares during the same period.