The stock has a 36-month beta value of 2.79. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ROOT is 6.47M, and at present, short sellers hold a 21.81% of that float. On April 08, 2024, the average trading volume of ROOT was 692.05K shares.
ROOT) stock’s latest price update
Root Inc (NASDAQ: ROOT)’s stock price has soared by 16.88 in relation to previous closing price of 70.93. Nevertheless, the company has seen a gain of 35.72% 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.
ROOT’s Market Performance
Root Inc (ROOT) has seen a 35.72% rise in stock performance for the week, with a 87.90% gain in the past month and a 693.30% surge in the past quarter. The volatility ratio for the week is 12.54%, and the volatility levels for the past 30 days are at 13.55% for ROOT. The simple moving average for the past 20 days is 53.62% for ROOT’s stock, with a 440.46% 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 167.74% 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 able to rebound, for now settling with 12.39% of gains for the given period.
Volatility was left at 13.55%, however, over the last 30 days, the volatility rate increased by 12.54%, as shares surge +86.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +840.98% upper at present.
During the last 5 trading sessions, ROOT rose by +35.72%, which changed the moving average for the period of 200-days by +1,277.08% in comparison to the 20-day moving average, which settled at $55.88. In addition, Root Inc saw 691.03% 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 1.82. 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 sum up, Root Inc (ROOT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
