Retail Opportunity Investments Corp (NASDAQ: ROIC) has a price-to-earnings ratio that is above its average at 44.03x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for ROIC is 122.84M, and at present, short sellers hold a 2.62% of that float. On April 18, 2024, the average trading volume of ROIC was 1.24M shares.
ROIC) stock’s latest price update
The stock of Retail Opportunity Investments Corp (NASDAQ: ROIC) has decreased by -0.91 when compared to last closing price of 12.09.Despite this, the company has seen a loss of -3.39% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-06 that The US economy is experiencing conflicting trends, with job gains being driven by immigration while native-born Americans are leaving the workforce. The manufacturing sector may be experiencing a rebound due to government subsidies rather than fundamental economic growth. Commercial real estate has not crashed as expected, with lenders extending loans and delaying the marking down of property values.
ROIC’s Market Performance
Retail Opportunity Investments Corp (ROIC) has seen a -3.39% fall in stock performance for the week, with a -5.00% decline in the past month and a -13.00% plunge in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.35% for ROIC. The simple moving average for the last 20 days is -4.04% for ROIC’s stock, with a simple moving average of -9.06% for the last 200 days.
Analysts’ Opinion of ROIC
Many brokerage firms have already submitted their reports for ROIC stocks, with BofA Securities repeating the rating for ROIC by listing it as a “Underperform.” The predicted price for ROIC in the upcoming period, according to BofA Securities is $12 based on the research report published on April 05, 2024 of the current year 2024.
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 -6.50% 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 -21.00% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -4.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.65% lower at present.
During the last 5 trading sessions, ROIC fell by -3.39%, which changed the moving average for the period of 200-days by -11.32% in comparison to the 20-day moving average, which settled at $12.45. In addition, Retail Opportunity Investments Corp saw -14.61% 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 9.37. The receivables turnover for the company is 4.97for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To sum up, Retail Opportunity Investments Corp (ROIC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
