Romeo Power Inc. [NYSE: RMO] closed the trading session at $10.37 on 03/30/21. The day’s price range saw the stock hit a low of $10.11, while the highest price level was $10.73. The company report on March 31, 2021 that Romeo Power Announces Preliminary Fourth Quarter and Full Year 2020 Financial Results and Business Update.
Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering large-scale electrification solutions for complex commercial applications, announced its preliminary financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter and Full Year 2020 Business Highlights.
The stocks have a year to date performance of -53.89 percent and weekly performance of -15.14 percent. The stock has been moved at -2.99 percent over the last six months. The stock has performed -20.41 percent around the most recent 30 days and changed -67.53 percent over the most recent 3-months.
If compared to the average trading volume of 6.33M shares, RMO reached to a volume of 9679452 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Romeo Power Inc. [RMO]:
Cowen have made an estimate for Romeo Power Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 09, 2021. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Underweight. The new note on the price target was released on February 12, 2021, representing the official price target for Romeo Power Inc. stock.
The Average True Range (ATR) for Romeo Power Inc. is set at 1.13, with the Price to Sales ratio for RMO stock in the period of the last 12 months amounting to 177.24. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 0.00.
RMO stock trade performance evaluation
Romeo Power Inc. [RMO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.14. With this latest performance, RMO shares dropped by -20.41% in over the last four-week period, additionally sinking by -2.99% over the last 6 months – not to mention a rise of 2.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RMO stock in for the last two-week period is set at 35.41, with the RSI for the last a single of trading hit 31.17, and the three-weeks RSI is set at 37.96 for Romeo Power Inc. [RMO]. The present Moving Average for the last 50 days of trading for this stock 14.94, while it was recorded at 11.18 for the last single week of trading, and 13.36 for the last 200 days.
Romeo Power Inc. [RMO]: An insightful look at the core fundamentals
Romeo Power Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
Romeo Power Inc. [RMO]: Insider Ownership positions
There are presently around $121 million, or 9.20% of RMO stock, in the hands of institutional investors. The top three institutional holders of RMO stocks are: LUXOR CAPITAL GROUP, LP with ownership of 2,000,000, which is approximately New of the company’s market cap and around 25.20% of the total institutional ownership; ALYESKA INVESTMENT GROUP, L.P., holding 1,097,075 shares of the stock with an approximate value of $11.38 million in RMO stocks shares; and ELECTRON CAPITAL PARTNERS, LLC, currently with $10.37 million in RMO stock with ownership of nearly New of the company’s market capitalization.
51 institutional holders increased their position in Romeo Power Inc. [NYSE:RMO] by around 9,325,817 shares. Additionally, 49 investors decreased positions by around 19,200,979 shares, while 1 investors held positions by with 16,818,655 shares. The mentioned changes placed institutional holdings at 11,708,141 shares, according to the latest SEC report filing. RMO stock had 49 new institutional investments in for a total of 9,191,277 shares, while 38 institutional investors sold positions of 17,149,619 shares during the same period.