Robinhood Markets Inc [NASDAQ: HOOD] stock went on a downward path that fall over -0.25% on Friday, amounting to a one-week price decrease of less than -4.73%.
Over the last 12 months, HOOD stock rose by 81.92%. The one-year Robinhood Markets Inc stock forecast points to a potential upside of 14.96. The average equity rating for HOOD stock is currently 2.28, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $17.80 billion, with 745.40 million shares outstanding and 586.76 million shares in the current float. Compared to the average trading volume of 16.32M shares, HOOD stock reached a trading volume of 11003698 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.95, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 7.87. The Price to Book ratio for the last quarter was 2.50, with the Price to Cash per share for the same quarter was set at 7.48.
HOOD Stock Performance Analysis:
Robinhood Markets Inc [HOOD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.73. With this latest performance, HOOD shares dropped by -0.59% in over the last four-week period, additionally plugging by 21.35% over the last 6 months – not to mention a rise of 81.92% 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 49.48, with the RSI for the last a single of trading hit 50.13, and the three-weeks RSI is set at 48.98 for Robinhood Markets Inc [HOOD]. The present Moving Average for the last 50 days of trading for this stock 21.01, while it was recorded at 20.59 for the last single week of trading, and 16.72 for the last 200 days.
Robinhood Markets Inc [HOOD] Institutonal Ownership Details
There are presently around $79.13%, or 79.73%% of HOOD stock, in the hands of institutional investors. The top three institutional holders of HOOD stocks are: VANGUARD GROUP INC with ownership of 60.42 million shares, which is approximately 6.9022%. RIBBIT MANAGEMENT COMPANY, LLC, holding 36.21 million shares of the stock with an approximate value of $$822.28 million in HOOD stocks shares; and RIBBIT MANAGEMENT COMPANY, LLC, currently with $$821.42 million in HOOD stock with ownership which is approximately 4.1322%.
