Robinhood Markets Inc [NASDAQ: HOOD] gained 1.09% on the last trading session, reaching $22.28 price per share at the time.
If compared to the average trading volume of 17.05M shares, HOOD reached a trading volume of 10348374 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $22.69 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 2.61. 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.
Wolfe Research have made an estimate for Robinhood Markets Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $14 to $24. The new note on the price target was released on May 17, 2024, representing the official price target for Robinhood Markets Inc stock. Previously, the target price had yet another raise from $13 to $16, while Citigroup kept a Sell rating on HOOD stock.
The Average True Range (ATR) for Robinhood Markets Inc is set at 0.99, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 9.48. 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 -1.76. With this latest performance, HOOD shares dropped by -4.05% in over the last four-week period, additionally plugging by 83.53% over the last 6 months – not to mention a rise of 86.60% 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 52.61, with the RSI for the last a single of trading hit 49.91, and the three-weeks RSI is set at 54.33 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 20.85, while it was recorded at 22.27 for the last single week of trading, and 14.78 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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HOOD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HOOD stock with ownership which is approximately 5.1238%.