Rogers Corporation [ROG] fell -53.18% so far this year. What now?

Rogers Corporation [NYSE: ROG] loss -44.30% on the last trading session, reaching $127.83 price per share at the time. The company report on November 2, 2022 that Rogers Announces Termination of Merger Agreement with DuPont.


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Rogers Corporation (NYSE:ROG) (“Rogers”) today announced the termination of its definitive merger agreement with DuPont de Nemours, Inc. (“DuPont”). In connection with the termination of the merger agreement, Rogers has received a regulatory termination fee of $162.5 million from DuPont.

As previously disclosed, the merger agreement provided both Rogers and DuPont with a right to terminate the merger agreement if the merger had not closed on or before November 1, 2022. Consummation of the merger was subject to various customary closing conditions, including regulatory approval by the State Administration for Market Regulation of China (“SAMR”). As of November 1, 2022, the parties had not received regulatory approval from SAMR.

Rogers Corporation represents 18.81 million in outstanding shares, while the company has a total market value of $2.41 billion with the latest information. ROG stock price has been found in the range of $124.50 to $131.42.

If compared to the average trading volume of 194.45K shares, ROG reached a trading volume of 4472763 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Rogers Corporation [ROG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ROG shares is $277.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ROG stock is a recommendation set at 3.00. 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.

CJS Securities have made an estimate for Rogers Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 14, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on June 10, 2021, representing the official price target for Rogers Corporation stock. Previously, the target price had yet another raise to $260, while Canaccord Genuity analysts kept a Buy rating on ROG stock.

The Average True Range (ATR) for Rogers Corporation is set at 11.99, with the Price to Sales ratio for ROG stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 11.95.

Trading performance analysis for ROG stock

Rogers Corporation [ROG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -45.40. With this latest performance, ROG shares dropped by -47.75% in over the last four-week period, additionally sinking by -53.02% over the last 6 months – not to mention a drop of -52.64% 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 ROG stock in for the last two-week period is set at 8.39, with the RSI for the last a single of trading hit 5.39, and the three-weeks RSI is set at 11.15 for Rogers Corporation [ROG]. The present Moving Average for the last 50 days of trading for this stock 241.11, while it was recorded at 213.07 for the last single week of trading, and 261.43 for the last 200 days.

Rogers Corporation [ROG]: A deeper dive into fundamental analysis

Rogers Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 4.10.

An analysis of insider ownership at Rogers Corporation [ROG]

There are presently around $2,197 million, or 91.00% of ROG stock, in the hands of institutional investors. The top three institutional holders of ROG stocks are: BLACKROCK INC. with ownership of 2,816,072, which is approximately -0.606% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 2,059,954 shares of the stock with an approximate value of $263.32 million in ROG stocks shares; and JPMORGAN CHASE & CO, currently with $82.47 million in ROG stock with ownership of nearly 152.291% of the company’s market capitalization.

Positions in Rogers Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 118 institutional holders increased their position in Rogers Corporation [NYSE:ROG] by around 2,836,840 shares. Additionally, 142 investors decreased positions by around 2,411,582 shares, while 36 investors held positions by with 11,940,083 shares. The mentioned changes placed institutional holdings at 17,188,505 shares, according to the latest SEC report filing. ROG stock had 42 new institutional investments in for a total of 999,692 shares, while 31 institutional investors sold positions of 302,021 shares during the same period.

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