Robinhood Markets Inc [NASDAQ: HOOD] gained 2.58% on the last trading session, reaching $22.29 price per share at the time.
If compared to the average trading volume of 17.31M shares, HOOD reached a trading volume of 20742049 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $21.30 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 2.72. 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.
BofA Securities have made an estimate for Robinhood Markets Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 17, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $13 to $16. The new note on the price target was released on April 11, 2024, representing the official price target for Robinhood Markets Inc stock. Previously, the target price had yet another raise to $20, while Keefe Bruyette analysts kept a Mkt Perform rating on HOOD stock. On March 28, 2024, analysts increased their price target for HOOD shares from 15 to 22.
The Average True Range (ATR) for Robinhood Markets Inc is set at 1.15, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 9.49. The Price to Book ratio for the last quarter was 2.84, with the Price to Cash per share for the same quarter was set at 7.63.
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 -4.38. With this latest performance, HOOD shares gained by 6.35% in over the last four-week period, additionally plugging by 69.25% over the last 6 months – not to mention a rise of 128.38% 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 56.76, with the RSI for the last a single of trading hit 54.60, and the three-weeks RSI is set at 57.60 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 19.45, while it was recorded at 22.11 for the last single week of trading, and 13.94 for the last 200 days.
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 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HOOD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HOOD stock with ownership which is approximately 5.8386%.
