Root Inc. (NASDAQ:ROOT) went up by 0.61% from its latest closing price compared to the recent 1-year high of $29.48. The company’s stock price has collected -10.57% of loss in the last five trading sessions. Press Release reported 4 hours ago that Root, Inc. Announces Fourth Quarter and Fiscal 2020 Results
Is It Worth Investing in Root Inc. (NASDAQ :ROOT) Right Now?
Opinions of the stock are interesting as 4 analysts out of 12 who provided ratings for Root Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $22.58, which is $6.16 above the current price. ROOT currently public float of 32.17M and currently shorts hold a 26.58% ratio of that float. Today, the average trading volume of ROOT was 2.21M shares.
ROOT’s Market Performance
ROOT stocks went down by -10.57% for the week, with a monthly drop of -24.78% and a quarterly performance of -3.53%. The volatility ratio for the week stands at 7.30% while the volatility levels for the past 30 days are set at 8.29% for Root Inc.. The simple moving average for the period of the last 20 days is -18.31% for ROOT stocks with a simple moving average of -13.28% for the last 200 days.
Analysts’ Opinion of ROOT
Many brokerage firms have already submitted their reports for ROOT stocks, with Credit Suisse repeating the rating for ROOT by listing it as a “Neutral.” The predicted price for ROOT in the upcoming period, according to Credit Suisse is $13 based on the research report published on December 18th of the previous year 2020.
Wells Fargo, on the other hand, stated in their research note that they expect to see ROOT reach a price target of $27. The rating they have provided for ROOT stocks is “Overweight” according to the report published on November 23rd, 2020.
Truist gave a rating of “Buy” to ROOT, setting the target price at $26 in the report published on November 23rd of the previous year.
ROOT Trading at -11.74% from the 50-Day Moving Average
After a stumble in the market that brought ROOT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.30% of loss for the given period.
Volatility was left at 8.29%, however, over the last 30 days, the volatility rate increased by 7.30%, as shares sank -25.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.45% upper at present.
During the last 5 trading sessions, ROOT fell by -10.57%, in comparison to the 20-day moving average, which settled at $19.83. In addition, Root Inc. saw 4.52% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ROOT starting from Malka Meyer, who purchase 753,976 shares at the price of $16.55 back on Dec 30. After this action, Malka Meyer now owns 1,753,976 shares of Root Inc., valued at $12,477,184 using the latest closing price.