Roivant Sciences Ltd [NASDAQ: ROIV] traded at a high on Tuesday, posting a 0.62 gain after which it closed the day’ session at $11.28.
The results of the trading session contributed to over 4035997 shares changing hands. Over the past one week, the price volatility of Roivant Sciences Ltd stands at 1.90% while the volatility over the past one month is 2.67%.
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The market cap for ROIV stock reached $8.34 billion, with 806.68 million shares outstanding and 376.18 million shares in the current float. Compared to the average trading volume of 6.19M shares, ROIV reached a trading volume of 4035997 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $16.94 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 0.31, with the Price to Sales ratio for ROIV stock in the period of the last 12 months amounting to 52.70. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 7.69.
How has ROIV stock performed recently?
Roivant Sciences Ltd [ROIV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.79. With this latest performance, ROIV shares dropped by -9.76% in over the last four-week period, additionally sinking by -1.14% over the last 6 months – not to mention a rise of 4.44% 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 40.85, with the RSI for the last a single of trading hit 36.96, and the three-weeks RSI is set at 44.41 for Roivant Sciences Ltd [ROIV]. The present Moving Average for the last 50 days of trading for this stock 11.54, while it was recorded at 11.27 for the last single week of trading, and 11.06 for the last 200 days.
Roivant Sciences Ltd [ROIV]: Deeper insight into the fundamentals
Roivant Sciences Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 27.75 and a Current Ratio set at 27.91.
Earnings analysis for Roivant Sciences Ltd [ROIV]
With the latest financial reports released by the company, Roivant Sciences Ltd posted -0.4/share EPS, while the average EPS was predicted by analysts to be reported at -0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.09. 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 ROIV.
Insider trade positions for Roivant Sciences Ltd [ROIV]
There are presently around $74.86%, or 105.58%% of ROIV stock, in the hands of institutional investors. The top three institutional holders of ROIV stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 71.36 million shares, which is approximately 8.8884%. VIKING GLOBAL INVESTORS LP, holding 69.16 million shares of the stock with an approximate value of $$730.98 million in ROIV stocks shares; and VIKING GLOBAL INVESTORS LP, currently with $$705.23 million in ROIV stock with ownership which is approximately 8.3103%.
