The stock of Root Inc (ROOT) has gone up by 12.31% for the week, with a 19.83% rise in the past month and a 141.13% rise in the past quarter. The volatility ratio for the week is 7.17%, and the volatility levels for the past 30 days are 7.34% for ROOT. The simple moving average for the past 20 days is 13.00% for ROOT’s stock, with a 49.55% simple moving average for the past 200 days.
Is It Worth Investing in Root Inc (NASDAQ: ROOT) Right Now?
The 36-month beta value for ROOT is at 2.57. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ROOT is 8.59M, and currently, shorts hold a 19.06% of that float. The average trading volume for ROOT on January 30, 2025 was 728.86K shares.
ROOT) stock’s latest price update
Root Inc (NASDAQ: ROOT)’s stock price has gone rise by 10.42 in comparison to its previous close of 82.57, however, the company has experienced a 12.31% increase in its stock price over the last five trading days. zacks.com reported 2025-01-24 that Root, Inc. (ROOT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ROOT broke through the 50-day moving average, which suggests a short-term bullish trend.
Analysts’ Opinion of ROOT
Jefferies, on the other hand, stated in their research note that they expect to see ROOT reach a price target of $40, previously predicting the price at $10. The rating they have provided for ROOT stocks is “Buy” according to the report published on March 01st, 2024.
Keefe Bruyette gave a rating of “Outperform” to ROOT, setting the target price at $22 in the report published on February 26th of the previous year.
ROOT Trading at 7.01% 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 -22.84% of loss for the given period.
Volatility was left at 7.34%, however, over the last 30 days, the volatility rate increased by 7.17%, as shares surge +24.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.68% upper at present.
During the last 5 trading sessions, ROOT rose by +12.31%, which changed the moving average for the period of 200-days by +38.77% in comparison to the 20-day moving average, which settled at $80.68. In addition, Root Inc saw 25.60% 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 Allison Jonathan, who sale 4,000 shares at the price of $100.00 back on Nov 19 ’24. After this action, Allison Jonathan now owns 60,571 shares of Root Inc, valued at $400,000 using the latest closing price.
Szudarek Julie, the Director of Root Inc, sale 2,000 shares at $96.33 during a trade that took place back on Nov 18 ’24, which means that Szudarek Julie is holding 15,003 shares at $192,666 based on the most recent closing price.
Stock Fundamentals for ROOT
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 1.0 for the gross margin
The net margin for Root Inc stands at -0.02. The total capital return value is set at 0.01. Equity return is now at value -5.21, with -1.25 for asset returns.
Based on Root Inc (ROOT), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 0.42.
Currently, EBITDA for the company is -93.5 million with net debt to EBITDA at -7.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 3.38for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.61.
Conclusion
In conclusion, Root Inc (ROOT) 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’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.
