The stock of Root Inc (ROOT) has gone down by -9.55% for the week, with a -6.85% drop in the past month and a 229.66% rise in the past quarter. The volatility ratio for the week is 9.02%, and the volatility levels for the past 30 days are 10.99% for ROOT. The simple moving average for the past 20 days is -11.42% for ROOT’s stock, with a 129.08% 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 2.62.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.”
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The public float for ROOT is 8.48M, and currently, short sellers hold a 15.35% ratio of that floaft. The average trading volume of ROOT on May 24, 2024 was 850.56K shares.
ROOT) stock’s latest price update
The stock price of Root Inc (NASDAQ: ROOT) has dropped by -7.98 compared to previous close of 60.76. Despite this, the company has seen a fall of -9.55% in its stock price over the last five trading days. http://feeds.benzinga.com reported 2024-05-20 that This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: These itemized elaborations have been created using the accompanying table. Regarding HOOD HOOD, we observe a call option trade with neutral sentiment. It expires in 242 day(s) on January 17, 2025. Parties traded 205 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $65.6K, with a price of $320.0 per contract. There were 54906 open contracts at this strike prior to today, and today 1763 contract(s) were bought and sold. For RITM RITM, we notice a call option trade that happens to be bearish, expiring in 606 day(s) on January 16, 2026. This event was a transfer of 1021 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $168.4K, with a price of $165.0 per contract. There were 4558 open contracts at this strike prior to today, and today 1073 contract(s) were bought and sold. For RILY RILY, we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on June 21, 2024. This event was a transfer of 220 contract(s) at a $33.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $200.0 per contract. There were 0 open contracts at this strike prior to today, and today 1050 contract(s) were bought and sold. For MS MS, we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on June 21, 2024. This event was a transfer of 47 contract(s) at a $95.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $665.0 per contract. There were 17049 open contracts at this strike prior to today, and today 406 contract(s) were bought and sold. For SQ SQ, we notice a put option trade that happens to be bearish, expiring in 242 day(s) on January 17, 2025. This event was a transfer of 299 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $221.2K, with a price of $740.0 per contract. There were 1748 open contracts at this strike prior to today, and today 299 contract(s) were bought and sold. Regarding COIN COIN, we observe a call option sweep with bearish sentiment. It expires in 32 day(s) on June 21, 2024. Parties traded 161 contract(s) at a $280.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $59.5K, with a price of $370.0 per contract. There were 2186 open contracts at this strike prior to today, and today 291 contract(s) were bought and sold. For NU NU, we notice a call option sweep that happens to be bullish, expiring in 242 day(s) on January 17, 2025. This event was a transfer of 239 contract(s) at a $10.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $61.1K, with a price of $256.0 per contract. There were 11194 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold. For TOST TOST, we notice a call option trade that happens to be bullish, expiring in 242 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $270.0 per contract. There were 578 open contracts at this strike prior to today, and today 212 contract(s) were bought and sold. Regarding ROOT ROOT, we observe a call option trade with bearish sentiment. It expires in 242 day(s) on January 17, 2025. Parties traded 24 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $49.6K, with a price of $2070.0 per contract. There were 872 open contracts at this strike prior to today, and today 84 contract(s) were bought and sold. For AGNC AGNC, we notice a call option sweep that happens to be neutral, expiring in 18 day(s) on June 7, 2024. This event was a transfer of 40 contract(s) at a $3.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $690.0 per contract. There were 0 open contracts at this strike prior to today, and today 83 contract(s) were bought and sold. Options Alert Terminology – Call Contracts: The right to buy shares as indicated in the contract. – Put Contracts: The right to sell shares as indicated in the contract. – Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. – Premium/Option Price: The price of the contract. For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity. This article was generated by Benzinga’s automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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 -8.98% 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 -35.42% of loss for the given period.
Volatility was left at 10.99%, however, over the last 30 days, the volatility rate increased by 9.02%, as shares sank -10.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.54% upper at present.
During the last 5 trading sessions, ROOT fell by -9.55%, which changed the moving average for the period of 200-days by +484.83% in comparison to the 20-day moving average, which settled at $62.78. In addition, Root Inc saw 433.49% 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 Malka Meyer, who sale 13,300 shares at the price of $60.58 back on May 02 ’24. After this action, Malka Meyer now owns 43,107 shares of Root Inc, valued at $805,767 using the latest closing price.
Allison Jonathan, the Chief Administrative Officer of Root Inc, sale 4,000 shares at $14.18 during a trade that took place back on Dec 05 ’23, which means that Allison Jonathan is holding 76,766 shares at $56,700 based on the most recent closing price.
Stock Fundamentals for ROOT
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 1.0 for the gross margin
The net margin for Root Inc stands at -0.18. The total capital return value is set at -0.08. Equity return is now at value -35.59, with -10.10 for asset returns.
Based on Root Inc (ROOT), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is -2.17.
Currently, EBITDA for the company is -147.4 million with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 1.46for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.13.
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.
