Root Inc. (NASDAQ:ROOT) went up by 1.61% from its latest closing price compared to the recent 1-year high of $29.48. The company’s stock price has collected 1.82% of gains in the last five trading sessions. Press Release reported on 09/21/21 that Back to School Year Warning: Nearly Two Thirds (64%) of Californians Say Distracted Driving Getting Worse Across State, With Teen Drivers at Greatest Risk, According to New John Zogby Strategies Poll
Is It Worth Investing in Root Inc. (NASDAQ :ROOT) Right Now?
Opinions of the stock are interesting as 2 analysts out of 13 who provided ratings for Root Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 10 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $7.33, which is $2.29 above the current price. ROOT currently public float of 96.83M and currently shorts hold a 26.69% ratio of that float. Today, the average trading volume of ROOT was 7.84M shares.
ROOT’s Market Performance
ROOT stocks went up by 1.82% for the week, with a monthly drop of -23.05% and a quarterly performance of -38.46%. The volatility ratio for the week stands at 7.55% while the volatility levels for the past 30 days are set at 7.34% for Root Inc.. The simple moving average for the period of the last 20 days is -8.56% for ROOT stocks with a simple moving average of -55.12% for the last 200 days.
Analysts’ Opinion of ROOT
Many brokerage firms have already submitted their reports for ROOT stocks, with Wolfe Research repeating the rating for ROOT by listing it as a “Peer Perform.” The predicted price for ROOT in the upcoming period, according to Wolfe Research is $5 based on the research report published on August 17th of the current year 2021.
Wells Fargo, on the other hand, stated in their research note that they expect to see ROOT reach a price target of $7, previously predicting the price at $16. The rating they have provided for ROOT stocks is “Equal Weight” according to the report published on August 13th, 2021.
Truist gave a rating of “Hold” to ROOT, setting the target price at $6 in the report published on August 13th of the current year.
ROOT Trading at -15.84% 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 -82.90% of loss for the given period.
Volatility was left at 7.34%, however, over the last 30 days, the volatility rate increased by 7.55%, as shares sank -16.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.48% lower at present.
During the last 5 trading sessions, ROOT rose by +1.82%, which changed the moving average for the period of 200-days by -70.65% in comparison to the 20-day moving average, which settled at $5.46. In addition, Root Inc. saw -67.92% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ROOT starting from Manges Daniel, who sale 150,000 shares at the price of $8.80 back on Jun 01. After this action, Manges Daniel now owns 0 shares of Root Inc., valued at $1,320,000 using the latest closing price.
Manges Daniel, the Chief Technology Officer of Root Inc., sale 150,000 shares at $8.97 during a trade that took place back on May 17, which means that Manges Daniel is holding 0 shares at $1,345,500 based on the most recent closing price.
Stock Fundamentals for ROOT
Equity return is now at value -92.10, with -33.70 for asset returns.