Roivant Sciences Ltd (NASDAQ: ROIV)’s stock price has gone rise by 0.25 in comparison to its previous close of 11.87, however, the company has experienced a 4.57% increase in its stock price over the last five trading days. benzinga.com reported 2024-09-18 that Organon & Co OGN has agreed to acquire Roivant Sciences Ltd’s ROIV Dermavant Sciences Ltd, which is focused on developing and commercializing therapeutics in immunodermatology.
Is It Worth Investing in Roivant Sciences Ltd (NASDAQ: ROIV) Right Now?
Roivant Sciences Ltd (NASDAQ: ROIV) has a price-to-earnings ratio of 2.14x that is above its average ratio. Additionally, the 36-month beta value for ROIV is 1.24. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ROIV is 376.18M and currently, short sellers hold a 13.62% ratio of that float. The average trading volume of ROIV on October 14, 2024 was 6.13M shares.
ROIV’s Market Performance
ROIV stock saw a decrease of 4.57% in the past week, with a monthly decline of -1.82% and a quarterly a decrease of 3.48%. The volatility ratio for the week is 2.65%, and the volatility levels for the last 30 days are 2.61% for Roivant Sciences Ltd (ROIV).. The simple moving average for the past 20 days is 2.17% for ROIV’s stock, with a 7.50% simple moving average for the past 200 days.
Analysts’ Opinion of ROIV
Many brokerage firms have already submitted their reports for ROIV stocks, with Wolfe Research repeating the rating for ROIV by listing it as a “Outperform.” The predicted price for ROIV in the upcoming period, according to Wolfe Research is $17 based on the research report published on February 15, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see ROIV reach a price target of $20. The rating they have provided for ROIV stocks is “Overweight” according to the report published on January 05th, 2024.
Deutsche Bank gave a rating of “Buy” to ROIV, setting the target price at $14 in the report published on December 12th of the previous year.
ROIV Trading at 2.58% from the 50-Day Moving Average
After a stumble in the market that brought ROIV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.85% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares sank -0.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.05% upper at present.
During the last 5 trading sessions, ROIV rose by +4.57%, which changed the moving average for the period of 200-days by +3.75% in comparison to the 20-day moving average, which settled at $11.65. In addition, Roivant Sciences Ltd saw 5.97% 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 ROIV starting from QVT Financial LP, who sale 876,000 shares at the price of $11.82 back on Sep 26 ’24. After this action, QVT Financial LP now owns 22,179,358 shares of Roivant Sciences Ltd, valued at $10,354,320 using the latest closing price.
QVT Financial LP, the Director by Deputization of Roivant Sciences Ltd, sale 50,000 shares at $11.77 during a trade that took place back on Sep 25 ’24, which means that QVT Financial LP is holding 23,055,358 shares at $588,500 based on the most recent closing price.
Stock Fundamentals for ROIV
Current profitability levels for the company are sitting at:
- 30.58 for the present operating margin
- 0.89 for the gross margin
The net margin for Roivant Sciences Ltd stands at 29.92. The total capital return value is set at 0.77. Equity return is now at value 149.26, with 109.72 for asset returns.
Based on Roivant Sciences Ltd (ROIV), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -2.13. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 123.28.
Currently, EBITDA for the company is -996.51 million with net debt to EBITDA at 5.7. When we switch over and look at the enterprise to sales, we see a ratio of 22.08. The receivables turnover for the company is 0.74for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 27.91.
Conclusion
In conclusion, Roivant Sciences Ltd (ROIV) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
