The stock price of Root Inc (NASDAQ: ROOT) has jumped by 9.71 compared to previous close of 62.08. Despite this, the company has seen a gain of 16.68% in its stock price over the last five trading days. InvestorPlace reported 2024-03-20 that Investors have been whipsawed over the past four years. The S&P 500 has swung between bull markets and bear markets for several years running.
Is It Worth Investing in Root Inc (NASDAQ: ROOT) Right Now?
ROOT has 36-month beta value of 2.85. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ROOT is 6.49M, and currently, short sellers hold a 21.74% ratio of that float. The average trading volume of ROOT on April 04, 2024 was 676.47K shares.
ROOT’s Market Performance
ROOT’s stock has seen a 16.68% increase for the week, with a 62.55% rise in the past month and a 550.53% gain in the past quarter. The volatility ratio for the week is 10.85%, and the volatility levels for the past 30 days are at 14.44% for Root Inc The simple moving average for the past 20 days is 33.10% for ROOT’s stock, with a 363.10% simple moving average for the past 200 days.
Analysts’ Opinion of ROOT
Many brokerage firms have already submitted their reports for ROOT stocks, with Jefferies repeating the rating for ROOT by listing it as a “Buy.” The predicted price for ROOT in the upcoming period, according to Jefferies is $40 based on the research report published on March 01, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see ROOT reach a price target of $22, previously predicting the price at $10. The rating they have provided for ROOT stocks is “Outperform” according to the report published on February 26th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to ROOT, setting the target price at $13 in the report published on February 22nd of the current year.
ROOT Trading at 138.61% 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 able to rebound, for now settling with 4.48% of gains for the given period.
Volatility was left at 14.44%, however, over the last 30 days, the volatility rate increased by 10.85%, as shares surge +74.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +646.82% upper at present.
During the last 5 trading sessions, ROOT rose by +16.68%, which changed the moving average for the period of 200-days by +962.56% in comparison to the 20-day moving average, which settled at $52.62. In addition, Root Inc saw 549.90% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROOT starting from Allison Jonathan, who sale 4,000 shares at the price of $14.18 back on Dec 05 ’23. After this action, Allison Jonathan now owns 76,766 shares of Root Inc, valued at $56,700 using the latest closing price.
Allison Jonathan, the Chief Administrative Officer of Root Inc, sale 4,000 shares at $11.10 during a trade that took place back on Dec 01 ’23, which means that Allison Jonathan is holding 80,766 shares at $44,412 based on the most recent closing price.
Stock Fundamentals for ROOT
Current profitability levels for the company are sitting at:
- -0.35 for the present operating margin
- 1.0 for the gross margin
The net margin for Root Inc stands at -0.27. The total capital return value is set at -0.17. Equity return is now at value -44.21, with -13.02 for asset returns.
Based on Root Inc (ROOT), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is -3.5.
Currently, EBITDA for the company is -147.4 million with net debt to EBITDA at 2.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.35. The receivables turnover for the company is 1.22for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.25.
Conclusion
To put it simply, Root Inc (ROOT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
