Root Inc [ROOT] gain 552.58% so far this year. What now?

Root Inc [NASDAQ: ROOT] surged by $27.9 during the normal trading session on while it closed the day at $68.39.

Root Inc stock has also gained 76.13% of its value over the past 7 days. However, ROOT stock has inclined by 21.24% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.30% and gained 552.58% year-on date.

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The market cap for ROOT stock reached $1.03 billion, with 9.50 million shares outstanding and 7.58 million shares in the current float. Compared to the average trading volume of 261.20K shares, ROOT reached a trading volume of 13464778 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 $71.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on 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 7.96, with the Price to Sales ratio for ROOT stock in the period of the last 12 months amounting to 1.20. The Price to Book ratio for the last quarter was 6.78. Price to Free Cash Flow for ROOT in the course of the last twelve months was 7.47.

ROOT stock trade performance evaluation

Root Inc [ROOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 76.13. With this latest performance, ROOT shares gained by 73.98% in over the last four-week period, additionally plugging by 20.30% over the last 6 months – not to mention a rise of 656.53% 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 81.99, with the RSI for the last a single of trading hit 87.86, and the three-weeks RSI is set at 75.92 for Root Inc [ROOT]. The present Moving Average for the last 50 days of trading for this stock 40.75, while it was recorded at 45.35 for the last single week of trading, and 46.11 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 3.60.

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%.