Robinhood Markets Inc (NASDAQ: HOOD) Hogging The Spotlight Today

Currently, there are 745.40M common shares owned by the public and among those 441.72M shares have been available to trade.

The company’s stock has a 5-day price change of 0.00% and 56.41% over the past three months. HOOD shares are trading 34.93% year to date (YTD), with the 12-month market performance up to 76.67% higher. It has a 12-month low price of $7.91 and touched a high of $20.55 over the same period. HOOD has an average intraday trading volume of 15.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.81%, 2.89%, and 41.44% respectively.

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Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 38.97% of the company’s 745.40M shares outstanding.

It has a market capitalization of $15.03B and a beta (3y monthly) value of 1.74. The earnings-per-share (ttm) stands at -$0.60. The company has a debt-to-equity ratio at 0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.61% over the week and 4.79% over the month.

Analysts forecast that Robinhood Markets Inc (HOOD) will achieve an EPS of $0.05 for the current quarter, $0.09 for the next quarter and $0.41 for 2025. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was -$0.57 a year ago. Earnings per share for the fiscal year are expected to increase by 146.28%, and 37.82% over the next financial year.

Looking at the support for the HOOD, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on April 11, 2024, with the firm’s price target at $13-$16. Keefe Bruyette coverage for the Robinhood Markets Inc (HOOD) stock in a research note released on April 03, 2024 offered a Mkt Perform rating with a price target of $20. KeyBanc Capital Markets was of a view on March 28, 2024 that the stock is Overweight, while Bernstein gave the stock Outperform rating on March 14, 2024, issuing a price target of $30. Redburn Atlantic on their part issued Neutral rating on December 01, 2023.

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