In the past week, ROP stock has gone up by 0.47%, with a monthly gain of 4.48% and a quarterly surge of 2.84%. The volatility ratio for the week is 1.34%, and the volatility levels for the last 30 days are 1.34% for Roper Technologies Inc The simple moving average for the last 20 days is 0.65% for ROP’s stock, with a simple moving average of 5.44% for the last 200 days.
Is It Worth Investing in Roper Technologies Inc (NASDAQ: ROP) Right Now?
The price-to-earnings ratio for Roper Technologies Inc (NASDAQ: ROP) is 41.21x, which is above its average ratio. Moreover, the 36-month beta value for ROP is 1.02. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ROP is 106.60M and currently, short sellers hold a 1.27% of that float. On July 04, 2024, ROP’s average trading volume was 542.63K shares.
ROP) stock’s latest price update
Roper Technologies Inc (NASDAQ: ROP) has experienced a decline in its stock price by -0.52 compared to its previous closing price of 563.11. However, the company has seen a gain of 0.47% in its stock price over the last five trading days. zacks.com reported 2024-07-03 that Roper (ROP) gains from solid momentum in its businesses, acquired assets and shareholder-friendly moves. However, rising operating costs and high long-term debt remain concerns.
Analysts’ Opinion of ROP
Oppenheimer, on the other hand, stated in their research note that they expect to see ROP reach a price target of $650, previously predicting the price at $580. The rating they have provided for ROP stocks is “Outperform” according to the report published on March 22nd, 2024.
TD Cowen gave a rating of “Market Perform” to ROP, setting the target price at $535 in the report published on January 04th of the current year.
ROP Trading at 3.64% from the 50-Day Moving Average
After a stumble in the market that brought ROP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.64% of loss for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +3.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.96% upper at present.
During the last 5 trading sessions, ROP rose by +0.52%, which changed the moving average for the period of 200-days by +13.04% in comparison to the 20-day moving average, which settled at $557.39. In addition, Roper Technologies Inc saw 2.75% 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 ROP starting from Conley Jason, who sale 3,500 shares at the price of $563.02 back on Jun 20 ’24. After this action, Conley Jason now owns 33,685 shares of Roper Technologies Inc, valued at $1,970,555 using the latest closing price.
WRIGHT CHRISTOPHER, the Director of Roper Technologies Inc, sale 400 shares at $551.74 during a trade that took place back on Jun 18 ’24, which means that WRIGHT CHRISTOPHER is holding 35,550 shares at $220,696 based on the most recent closing price.
Stock Fundamentals for ROP
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.7 for the gross margin
The net margin for Roper Technologies Inc stands at 0.23. The total capital return value is set at 0.07. Equity return is now at value 8.59, with 5.13 for asset returns.
Based on Roper Technologies Inc (ROP), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 10.11.
Currently, EBITDA for the company is 2.5 billion with net debt to EBITDA at 2.79. When we switch over and look at the enterprise to sales, we see a ratio of 10.57. The receivables turnover for the company is 7.04for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.
Conclusion
To wrap up, the performance of Roper Technologies Inc (ROP) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
