Robinhood Markets Inc [NASDAQ: HOOD] traded at a high on Friday, posting a 2.20 gain after which it closed the day’ session at $19.98.
The results of the trading session contributed to over 12520052 shares changing hands. Over the past one week, the price volatility of Robinhood Markets Inc stands at 3.44% while the volatility over the past one month is 5.68%.
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The market cap for HOOD stock reached $17.54 billion, with 745.40 million shares outstanding and 580.16 million shares in the current float. Compared to the average trading volume of 18.48M shares, HOOD reached a trading volume of 12520052 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $23.66 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 2.28. 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.
Deutsche Bank have made an estimate for Robinhood Markets Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 15, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $20 to $23. The new note on the price target was released on August 12, 2024, representing the official price target for Robinhood Markets Inc stock. Previously, the target price had yet another raise to $18, while Citigroup analysts kept a Neutral rating on HOOD stock.
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 7.75. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 7.54.
How has HOOD stock performed recently?
Robinhood Markets Inc [HOOD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.50. With this latest performance, HOOD shares dropped by -12.48% in over the last four-week period, additionally plugging by 48.88% over the last 6 months – not to mention a rise of 96.07% 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 50.47, with the RSI for the last a single of trading hit 56.91, and the three-weeks RSI is set at 48.78 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 21.47, while it was recorded at 19.03 for the last single week of trading, and 16.15 for the last 200 days.
Insider trade positions for 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%.
