Robinhood Markets Inc [NASDAQ: HOOD] closed the trading session at $18.30. The company report on March 21, 2024 at 6:30 PM that Robinhood Markets, Inc. Co-Founder Baiju Bhatt To Step Down as Chief Creative Officer.
“Baiju and I have been co-founders for over 10 years and friends for over 20,” said Vlad Tenev, CEO and Co-Founder of Robinhood. “His passion for entrepreneurship and commitment to our mission to democratize finance for all helped build Robinhood from a seed of an idea to the global public company it is today. Baiju played a pivotal role in opening access to the markets for millions of new investors, and I am grateful for all of his contributions to Robinhood over the last decade.”.
The stocks have a year to date performance of 43.64 percent and weekly performance of 0.83 percent. The stock has been moved at 86.16 percent over the last six months. The stock has performed 30.99 percent around the most recent 30 days and changed 45.01 percent over the most recent 3-months.
If compared to the average trading volume of 15.12M shares, HOOD reached to a volume of 11272116 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 $16.14 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 2.76. 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.
Bernstein have made an estimate for Robinhood Markets Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 14, 2024. While these analysts kept the previous recommendation, Redburn Atlantic raised their target price to Neutral. The new note on the price target was released on December 01, 2023, representing the official price target for Robinhood Markets Inc stock. On July 13, 2023, analysts increased their price target for HOOD shares from 12 to 13.
The Average True Range (ATR) for Robinhood Markets Inc is set at 0.91, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 8.48. The Price to Book ratio for the last quarter was 2.38, with the Price to Cash per share for the same quarter was set at 7.41.
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 0.83. With this latest performance, HOOD shares gained by 30.99% in over the last four-week period, additionally plugging by 86.16% over the last 6 months – not to mention a rise of 104.93% 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 65.19, with the RSI for the last a single of trading hit 62.33, and the three-weeks RSI is set at 66.23 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 13.84, while it was recorded at 18.28 for the last single week of trading, and 11.34 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%.
