Romeo Power Inc. (NYSE:RMO) went down by -6.18% from its latest closing price compared to the recent 1-year high of $38.90. The company’s stock price has collected -16.60% of loss in the last five trading sessions. Press Release reported on 02/19/21 that Romeo Power Signs Memorandum of Understanding With Ecellix to Improve Cell Technology
Is It Worth Investing in Romeo Power Inc. (NYSE :RMO) Right Now?
Romeo Power Inc. (NYSE:RMO) scored a price-to-earnings ratio above its average ratio, recording 1074.62 x from its present earnings ratio. Opinions of the stock are interesting as 2 analysts out of 3 who provided ratings for Romeo Power Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 1 as “sell.”
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The average price from analysts is $27.33. Today, the average trading volume of RMO was 6.31M shares.
RMO’s Market Performance
RMO stocks went down by -16.60% for the week, with a monthly drop of -29.62% and a quarterly performance of 34.46%, while its annual performance rate touched 40.12%. The volatility ratio for the week stands at 6.65% while the volatility levels for the past 30 days are set at 7.06% for Romeo Power Inc.. The simple moving average for the period of the last 20 days is -21.71% for RMO stocks with a simple moving average of 7.02% for the last 200 days.
Analysts’ Opinion of RMO
Many brokerage firms have already submitted their reports for RMO stocks, with Morgan Stanley repeating the rating for RMO by listing it as a “Underweight.” The predicted price for RMO in the upcoming period, according to Morgan Stanley is $12 based on the research report published on February 12th of the current year 2021.
RMO Trading at -31.71% from the 50-Day Moving Average
After a stumble in the market that brought RMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.09% of loss for the given period.
Volatility was left at 7.06%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares sank -27.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.12% lower at present.
During the last 5 trading sessions, RMO fell by -16.60%, which changed the moving average for the period of 200-days by +39.98% in comparison to the 20-day moving average, which settled at $17.58. In addition, Romeo Power Inc. saw -37.88% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RMO
Equity return is now at value 0.20, with 0.20 for asset returns.