The stock of Retail Opportunity Investments Corp (NASDAQ: ROIC) has decreased by -0.89 when compared to last closing price of 15.65.Despite this, the company has seen a gain of 1.91% in its stock price over the last five trading days. marketbeat.com reported 2024-08-07 that During a market sell-off, such as the one investors have been experiencing this week, particularly with Japan’s stock market index (Nikkei 225) selling off by double-digits in a single week only to recover by 12% the day after the crash, investors need to know where their money could be allocated as a discount buying strategy. The last time the market sold off by this much was October 2023, and these types of stocks rallied by double-digits in the following quarter.
Is It Worth Investing in Retail Opportunity Investments Corp (NASDAQ: ROIC) Right Now?
Retail Opportunity Investments Corp (NASDAQ: ROIC) has a higher price-to-earnings ratio of 56.94x compared to its average ratio, The 36-month beta value for ROIC is at 1.47. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for ROIC is 123.29M, and currently, shorts hold a 1.89% of that float. The average trading volume for ROIC on August 30, 2024 was 1.19M shares.
ROIC’s Market Performance
The stock of Retail Opportunity Investments Corp (ROIC) has seen a 1.91% increase in the past week, with a 3.75% rise in the past month, and a 27.34% gain in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 1.74% for ROIC. The simple moving average for the past 20 days is 1.69% for ROIC’s stock, with a 17.77% simple moving average for the past 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 12.00% 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 -1.52% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.30% upper at present.
During the last 5 trading sessions, ROIC rose by +1.91%, which changed the moving average for the period of 200-days by +29.03% in comparison to the 20-day moving average, which settled at $15.27. In addition, Retail Opportunity Investments Corp saw 10.55% 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 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
- 0.52 for the gross margin
The net margin for Retail Opportunity Investments Corp stands at 0.1. The total capital return value is set at 0.04. Equity return is now at value 2.68, with 1.15 for asset returns.
Based on Retail Opportunity Investments Corp (ROIC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 61.47.
Currently, EBITDA for the company is 214.07 million with net debt to EBITDA at 7.24. When we switch over and look at the enterprise to sales, we see a ratio of 10.68. The receivables turnover for the company is 5.23for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In conclusion, Retail Opportunity Investments Corp (ROIC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
