Robinhood Markets Inc [NASDAQ: HOOD] closed the trading session at $17.92.
The stocks have a year to date performance of 40.66 percent and weekly performance of 0.22 percent. The stock has been moved at 59.71 percent over the last six months. The stock has performed -18.69 percent around the most recent 30 days and changed 3.58 percent over the most recent 3-months.
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If compared to the average trading volume of 19.55M shares, HOOD reached to a volume of 17254462 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 $22.91 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 2.50. 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.
Citigroup have made an estimate for Robinhood Markets Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 05, 2024. The new note on the price target was released on June 26, 2024, representing the official price target for Robinhood Markets Inc stock. Previously, the target price had yet another raise from $14 to $24, while BofA Securities kept a Buy rating on HOOD stock. On April 11, 2024, analysts increased their price target for HOOD shares from 13 to 16.
The Average True Range (ATR) for Robinhood Markets Inc is set at 1.30, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 6.95. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 7.54.
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 0.22. With this latest performance, HOOD shares dropped by -18.69% in over the last four-week period, additionally plugging by 59.71% over the last 6 months – not to mention a rise of 65.93% 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 35.17, with the RSI for the last a single of trading hit 33.64, and the three-weeks RSI is set at 38.30 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 21.69, while it was recorded at 17.28 for the last single week of trading, and 15.90 for the last 200 days.
Robinhood Markets Inc [HOOD]: Institutional Ownership
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%.
