Roivant Sciences Ltd [NASDAQ: ROIV] loss -1.20% or -0.13 points to close at $10.71 with a heavy trading volume of 4731650 shares.
The daily chart for ROIV points out that the company has recorded 6.25% gains over the past six months.
If we look at the average trading volume of 7.39M shares, ROIV reached to a volume of 4731650 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 Roivant Sciences Ltd [ROIV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ROIV shares is $16.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ROIV stock is a recommendation set at 1.17. 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.
Wolfe Research have made an estimate for Roivant Sciences Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 15, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on January 05, 2024, representing the official price target for Roivant Sciences Ltd stock. Previously, the target price had yet another raise to $14, while Deutsche Bank analysts kept a Buy rating on ROIV stock.
The Average True Range (ATR) for Roivant Sciences Ltd is set at 0.41, with the Price to Sales ratio for ROIV stock in the period of the last 12 months amounting to 70.03. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 8.28.
Trading performance analysis for ROIV stock
Roivant Sciences Ltd [ROIV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.13. With this latest performance, ROIV shares gained by 5.62% in over the last four-week period, additionally plugging by 6.25% over the last 6 months – not to mention a rise of 50.63% 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 ROIV stock in for the last two-week period is set at 46.25, with the RSI for the last a single of trading hit 42.06, and the three-weeks RSI is set at 47.92 for Roivant Sciences Ltd [ROIV]. The present Moving Average for the last 50 days of trading for this stock 10.93, while it was recorded at 10.97 for the last single week of trading, and 10.64 for the last 200 days.
Roivant Sciences Ltd [ROIV]: A deeper dive into fundamental analysis
Roivant Sciences Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 27.77 and a Current Ratio set at 27.79.
An analysis of Institutional ownership at Roivant Sciences Ltd [ROIV]
The top three institutional holders of ROIV stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ROIV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ROIV stock with ownership which is approximately 5.8386%.
