Robinhood Markets Inc (NASDAQ:HOOD) price on Thursday, February 06, fall -1.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $53.17.
A look at the stock’s price movement, the close in the last trading session was $54.20, moving within a range at $52.16 and $54.88. The beta value (5-Year monthly) was 1.839 while the PE ratio in trailing twelve months stood at 90.61. Turning to its 52-week performance, $54.33 and $10.53 were the 52-week high and 52-week low respectively. Overall, HOOD moved 24.49% over the past month.
Robinhood Markets Inc’s market cap currently stands at around $47.00 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 938.09M for the company’s revenue for the quarter, with a low and high estimate of 821M and 1B respectively. The average forecast suggests up to a 99.17% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.84B, representing a 52.19% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HOOD is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 10 recommend HOOD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 5 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HOOD’s current price about 9.77% and 24.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.79, while 7-day volatility ratio is 5.02% and 4.99% in the 30-day chart. Further, Robinhood Markets Inc (HOOD) has a beta value of 2.14, and an average true range (ATR) of 2.56. Analysts have given the company’s stock an average 52-week price target of $51.5, forecast between a low of $24 and high of $60. Looking at the price targets, the low is 54.86% off current price level while to achieve the yearly target high, price needs to move -12.85%. Nonetheless, investors will most likely welcome a 3.14% jump to $51.5 which is the analysts’ median price.
If we refocus on Robinhood Markets Inc (NASDAQ:HOOD), historical trading data shows that trading volumes averaged 18.61 over the past 10 days and 23.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 761.99 million shares.
The 32.11% of Robinhood Markets Inc’s shares are in the hands of company insiders while institutional holders own 49.85% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.24 million on 2025-01-15, giving us a short ratio of 0.83. The data shows that as of 2025-01-15 short interest in Robinhood Markets Inc (HOOD) stood at 241.0 of shares outstanding, with shares short rising to 14.64 million registered in 2024-12-13. Current price change has pushed the stock 42.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HOOD stock continues to rise going into the next quarter.
