Robinhood Markets Inc [HOOD] Revenue clocked in at $1.88 billion, up 13.66% YTD: What’s Next?

Robinhood Markets Inc [NASDAQ: HOOD] closed the trading session at $14.48. The company report on February 15, 2024 at 4:05 PM that Robinhood Markets, Inc. Reports January 2024 Operating Data.

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for January 2024:.

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Funded Customers at the end of January were 23.5 million, up approximately 120 thousand from December 2023(1).

The stocks have a year to date performance of 13.66 percent and weekly performance of 7.90 percent. The stock has been moved at 37.90 percent over the last six months. The stock has performed 33.95 percent around the most recent 30 days and changed 81.45 percent over the most recent 3-months.

If compared to the average trading volume of 15.75M shares, HOOD reached to a volume of 15785119 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $14.00 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. While these analysts kept the previous recommendation, Needham raised their target price to Hold. The new note on the price target was released on October 11, 2023, representing the official price target for Robinhood Markets Inc stock. Previously, the target price had yet another raise from $12 to $13, while Morgan Stanley kept a Equal-Weight rating on HOOD stock. On July 13, 2023, analysts increased their price target for HOOD shares from 9 to 10.

The Average True Range (ATR) for Robinhood Markets Inc is set at 0.59, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 6.68. The Price to Book ratio for the last quarter was 1.93, with the Price to Cash per share for the same quarter was set at 7.90. Price to Free Cash Flow for HOOD in the course of the last twelve months was 23.57.

HOOD stock trade performance evaluation

Robinhood Markets Inc [HOOD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.90. With this latest performance, HOOD shares gained by 33.95% in over the last four-week period, additionally plugging by 37.90% over the last 6 months – not to mention a rise of 45.53% 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 73.76, with the RSI for the last a single of trading hit 78.26, and the three-weeks RSI is set at 69.86 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 11.97, while it was recorded at 14.03 for the last single week of trading, and 10.51 for the last 200 days.

Earnings per share (EPS) analysis for Robinhood Markets Inc [HOOD] stock

With the latest financial reports released by the company, Robinhood Markets Inc posted -0.57/share EPS, while the average EPS was predicted by analysts to be reported at -0.61/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.60%. 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.

Robinhood Markets Inc [HOOD]: Institutional Ownership

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%.