Robinhood Markets Inc [HOOD] stock Initiated by Redburn Atlantic analyst, price target now $9.50

Robinhood Markets Inc [NASDAQ: HOOD] gained 2.61% on the last trading session, reaching $10.99 price per share at the time. The company report on January 4, 2024 at 4:05 PM that Robinhood Markets, Inc. to Announce Fourth Quarter and Full Year 2023 Results on February 13, 2024.

Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say Technologies ahead of Robinhood’s fourth quarter and full year 2023 earnings call. Shareholders can visit https://app.saytechnologies.com/robinhood-markets-2023-q4 to submit questions. The Q&A platform will be open for question submission starting Tuesday, February 6, 2024, at 2:00 PM PT / 5:00 PM ET. Shareholders will be able to submit and upvote questions until Monday, February 12, 2024, at 2:00 PM PT / 5:00 PM ET. Management will address a selection of the most upvoted questions relating to Robinhood’s business and financial results on the earnings call. Shareholders can email hello@saytechnologies.com for any support inquiries.

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If compared to the average trading volume of 13.32M shares, HOOD reached a trading volume of 9296753 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 $12.85 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 2.81. 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.

Redburn Atlantic have made an estimate for Robinhood Markets Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 01, 2023.

The Average True Range (ATR) for Robinhood Markets Inc is set at 0.52, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 5.30. The Price to Book ratio for the last quarter was 1.44, with the Price to Cash per share for the same quarter was set at 7.74.

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 -0.27. With this latest performance, HOOD shares dropped by -16.55% in over the last four-week period, additionally sinking by -13.87% over the last 6 months – not to mention a rise of 21.44% 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 43.97, with the RSI for the last a single of trading hit 38.96, and the three-weeks RSI is set at 47.70 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 10.66, while it was recorded at 10.79 for the last single week of trading, and 10.22 for the last 200 days.

Robinhood Markets Inc [HOOD]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Robinhood Markets Inc posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -35.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HOOD.

An analysis of Institutional ownership at Robinhood Markets Inc [HOOD]

The top three institutional holders of HOOD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HOOD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HOOD stock with ownership which is approximately 5.8325%.