Root Inc [NASDAQ: ROOT] plunged by -$0.41 during the normal trading session on while it closed the day at $55.50.
Root Inc stock has also loss -15.37% of its value over the past 7 days. However, ROOT stock has inclined by 143.85% in the 3 months of the year. Over the past six months meanwhile, it has gained 488.55% and gained 429.58% year-on date.
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The market cap for ROOT stock reached $829.17 million, with 9.50 million shares outstanding and 8.48 million shares in the current float. Compared to the average trading volume of 799.75K shares, ROOT reached a trading volume of 222769 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 Root Inc [ROOT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ROOT shares is $63.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ROOT stock is a recommendation set at 2.00. 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.
Jefferies have made an estimate for Root Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 01, 2024. While these analysts kept the previous recommendation, Keefe Bruyette raised their target price from $10 to $22. The new note on the price target was released on February 26, 2024, representing the official price target for Root Inc stock. Previously, the target price had yet another raise from $9 to $13, while Cantor Fitzgerald kept a Overweight rating on ROOT stock.
The Average True Range (ATR) for Root Inc is set at 6.00, with the Price to Sales ratio for ROOT stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 4.89. Price to Free Cash Flow for ROOT in the course of the last twelve months was 12.92.
ROOT stock trade performance evaluation
Root Inc [ROOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.37. With this latest performance, ROOT shares dropped by -11.43% in over the last four-week period, additionally plugging by 488.55% over the last 6 months – not to mention a rise of 1138.84% 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 ROOT stock in for the last two-week period is set at 42.58, with the RSI for the last a single of trading hit 36.18, and the three-weeks RSI is set at 46.79 for Root Inc [ROOT]. The present Moving Average for the last 50 days of trading for this stock 61.79, while it was recorded at 59.63 for the last single week of trading, and 24.87 for the last 200 days.
Root Inc [ROOT]: An insightful look at the core fundamentals
Root Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 4.13.
Earnings per share (EPS) analysis for Root Inc [ROOT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ROOT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Root Inc go to 41.30%.
Root Inc [ROOT]: Institutional Ownership
The top three institutional holders of ROOT 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 ROOT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ROOT stock with ownership which is approximately 5.8386%.
