Retail Opportunity Investments Corp (NASDAQ: ROIC) has a higher price-to-earnings ratio of 44.63x compared to its average ratio, The 36-month beta value for ROIC is at 1.44. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for ROIC is 122.84M, and currently, shorts hold a 2.83% of that float. The average trading volume for ROIC on April 05, 2024 was 1.22M shares.
ROIC) stock’s latest price update
Retail Opportunity Investments Corp (NASDAQ: ROIC)’s stock price has decreased by -1.66 compared to its previous closing price of 12.35. However, the company has seen a -5.27% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-03 that Retail Opportunity Investments is a West Coast-focused REIT with strong fundamentals and a portfolio of grocery-anchored shopping centers. The company’s valuation has dropped, making it an attractive investment with potential for multi-year rates of return. ROIC is a potential takeover target for companies like Kimco Realty, which could further strengthen its portfolio.
ROIC’s Market Performance
ROIC’s stock has fallen by -5.27% in the past week, with a monthly drop of -5.41% and a quarterly drop of -11.67%. The volatility ratio for the week is 2.15% while the volatility levels for the last 30 days are 2.03% for Retail Opportunity Investments Corp The simple moving average for the last 20 days is -4.05% for ROIC stock, with a simple moving average of -8.05% for the last 200 days.
Analysts’ Opinion of ROIC
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see ROIC reach a price target of $16. The rating they have provided for ROIC stocks is “Overweight” according to the report published on January 05th, 2024.
BofA Securities gave a rating of “Neutral” to ROIC, setting the target price at $13 in the report published on November 06th of the previous year.
ROIC Trading at -6.90% from the 50-Day Moving Average
After a stumble in the market that brought ROIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.91% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.36% lower at present.
During the last 5 trading sessions, ROIC fell by -5.46%, which changed the moving average for the period of 200-days by -9.69% in comparison to the 20-day moving average, which settled at $12.62. In addition, Retail Opportunity Investments Corp saw -13.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROIC starting from Indiveri Michael J., who purchase 1,500 shares at the price of $11.16 back on Oct 30 ’23. After this action, Indiveri Michael J. now owns 9,900 shares of Retail Opportunity Investments Corp, valued at $16,740 using the latest closing price.
POMERANTZ LAURA H, the Director of Retail Opportunity Investments Corp, sale 4,000 shares at $13.46 during a trade that took place back on Aug 31 ’23, which means that POMERANTZ LAURA H is holding 51,557 shares at $53,820 based on the most recent closing price.
Stock Fundamentals for ROIC
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.67 for the gross margin
The net margin for Retail Opportunity Investments Corp stands at 0.11. The total capital return value is set at 0.04. Equity return is now at value 2.64, with 1.14 for asset returns.
Based on Retail Opportunity Investments Corp (ROIC), the company’s capital structure generated 0.52 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 1.07. The interest coverage ratio of the stock is 2.92.
Currently, EBITDA for the company is 214.07 million with net debt to EBITDA at 7.25. When we switch over and look at the enterprise to sales, we see a ratio of 9.43. The receivables turnover for the company is 4.97for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In conclusion, Retail Opportunity Investments Corp (ROIC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
