The stock of Root Inc (ROOT) has seen a -16.19% decrease in the past week, with a 43.93% gain in the past month, and a 10.43% flourish in the past quarter. The volatility ratio for the week is 7.84%, and the volatility levels for the past 30 days are at 8.90% for ROOT. The simple moving average for the past 20 days is 2.12% for ROOT’s stock, with a 94.36% simple moving average for the past 200 days.
Is It Worth Investing in Root Inc (NASDAQ: ROOT) Right Now?
Additionally, the 36-month beta value for ROOT is 2.51. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ROOT is 6.87M and currently, short sellers hold a 26.17% ratio of that float. The average trading volume of ROOT on July 26, 2024 was 439.91K shares.
ROOT) stock’s latest price update
Root Inc (NASDAQ: ROOT)’s stock price has dropped by -5.31 in relation to previous closing price of 70.00. Nevertheless, the company has seen a loss of -16.19% in its stock price over the last five trading days. investorplace.com reported 2024-07-25 that Nvidia (NASDAQ: NVDA ) is having a fantastic year in the markets, up 156% in 2024. That follows a 2023 return of 239%.
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 15.72% 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 -23.44% of loss for the given period.
Volatility was left at 8.90%, however, over the last 30 days, the volatility rate increased by 7.84%, as shares surge +41.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.29% upper at present.
During the last 5 trading sessions, ROOT fell by -16.19%, which changed the moving average for the period of 200-days by +596.22% in comparison to the 20-day moving average, which settled at $65.87. In addition, Root Inc saw 532.44% 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 Birnbaum Beth A, who sale 1,735 shares at the price of $43.67 back on Jun 13 ’24. After this action, Birnbaum Beth A now owns 16,013 shares of Root Inc, valued at $75,766 using the latest closing price.
Malka Meyer, the 10% Owner of Root Inc, sale 13,300 shares at $60.58 during a trade that took place back on May 02 ’24, which means that Malka Meyer is holding 43,107 shares at $805,767 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 1.01. 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 conclusion, Root Inc (ROOT) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
