In the past week, ROOT stock has gone down by -30.12%, with a monthly decline of -9.15% and a quarterly surge of 474.55%. The volatility ratio for the week is 13.86%, and the volatility levels for the last 30 days are 13.46% for Root Inc The simple moving average for the past 20 days is -15.64% for ROOT’s stock, with a 201.78% simple moving average for the past 200 days.
Is It Worth Investing in Root Inc (NASDAQ: ROOT) Right Now?
Company’s 36-month beta value is 2.80.Analysts have differing opinions 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 6.47M, and currently, short sellers hold a 20.73% ratio of that floaft. The average trading volume of ROOT on April 18, 2024 was 761.15K shares.
ROOT) stock’s latest price update
Root Inc (NASDAQ: ROOT)’s stock price has dropped by -13.13 in relation to previous closing price of 61.84. Nevertheless, the company has seen a loss of -30.12% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that AON announces a 10% dividend hike to quarterly dividends, marking the 13th consecutive year of dividend hikes.
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 30.61% 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 unable to rebound, for now settling with -37.53% of loss for the given period.
Volatility was left at 13.46%, however, over the last 30 days, the volatility rate increased by 13.86%, as shares surge +15.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +604.06% upper at present.
During the last 5 trading sessions, ROOT fell by -30.12%, which changed the moving average for the period of 200-days by +500.89% in comparison to the 20-day moving average, which settled at $64.04. In addition, Root Inc saw 412.60% 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 0.89. 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
In a nutshell, Root Inc (ROOT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
