Romeo Power Inc. [NYSE: RMO] closed the trading session at $8.07 on 05/26/21. The day’s price range saw the stock hit a low of $7.51, while the highest price level was $8.14. The company report on May 27, 2021 that SHAREHOLDER ALERT: CLAIMSFILER REMINDS EBS, GOEV, PTON, RMO, INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits.
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The stocks have a year to date performance of -64.12 percent and weekly performance of 6.04 percent. The stock has been moved at -28.58 percent over the last six months. The stock has performed -10.23 percent around the most recent 30 days and changed -36.51 percent over the most recent 3-months.
If compared to the average trading volume of 10.12M shares, RMO reached to a volume of 3098427 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RMO shares is $11.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RMO stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
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 0.63, with the Price to Sales ratio for RMO stock in the period of the last 12 months amounting to 948.96. The Price to Book ratio for the last quarter was 3.16, with the Price to Cash per share for the same quarter was set at 2.22.
RMO stock trade performance evaluation
Romeo Power Inc. [RMO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.04. With this latest performance, RMO shares dropped by -10.23% in over the last four-week period, additionally sinking by -28.58% over the last 6 months – not to mention a drop of -19.30% 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 49.54, with the RSI for the last a single of trading hit 56.24, and the three-weeks RSI is set at 46.04 for Romeo Power Inc. [RMO]. The present Moving Average for the last 50 days of trading for this stock 9.07, while it was recorded at 7.81 for the last single week of trading, and 12.97 for the last 200 days.
Romeo Power Inc. [RMO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Romeo Power Inc. [RMO] shares currently have an operating margin of -382.48 and a Gross Margin at -100.19. Romeo Power Inc.’s Net Margin is presently recorded at -84.88.
Return on Total Capital for RMO is now -15.96, given the latest momentum, and Return on Invested Capital for the company is -3.57. Return on Equity for this stock declined to -3.62, with Return on Assets sitting at -2.58. When it comes to the capital structure of this company, Romeo Power Inc. [RMO] has a Total Debt to Total Equity ratio set at 4.56. Additionally, RMO Total Debt to Total Capital is recorded at 4.36, with Total Debt to Total Assets ending up at 2.50. Long-Term Debt to Equity for the company is recorded at 2.97, with the Long-Term Debt to Total Capital now at 2.84.
Receivables Turnover for the company is 2.62 with a Total Asset Turnover recorded at a value of 0.03.Romeo Power Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.50 and a Current Ratio set at 15.80.
Romeo Power Inc. [RMO]: Insider Ownership positions
There are presently around $198 million, or 19.70% of RMO stock, in the hands of institutional investors. The top three institutional holders of RMO stocks are: VANGUARD GROUP INC with ownership of 7,501,104, which is approximately New of the company’s market cap and around 24.40% of the total institutional ownership; BNP PARIBAS ASSET MANAGEMENT HOLDING S.A., holding 4,742,441 shares of the stock with an approximate value of $38.27 million in RMO stocks shares; and INVESCO LTD., currently with $26.89 million in RMO stock with ownership of nearly New of the company’s market capitalization.
Positions in Romeo Power Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 78 institutional holders increased their position in Romeo Power Inc. [NYSE:RMO] by around 22,683,297 shares. Additionally, 35 investors decreased positions by around 9,011,731 shares, while 7 investors held positions by with 7,165,421 shares. The mentioned changes placed institutional holdings at 24,529,607 shares, according to the latest SEC report filing. RMO stock had 58 new institutional investments in for a total of 21,002,615 shares, while 24 institutional investors sold positions of 5,456,319 shares during the same period.