Root Inc [NASDAQ: ROOT] traded at a high on Thursday, posting a 1.26 gain after which it closed the day’ session at $129.74.
The results of the trading session contributed to over 324718 shares changing hands. Over the past one week, the price volatility of Root Inc stands at 6.74% while the volatility over the past one month is 10.38%.
The market cap for ROOT stock reached $1.97 billion, with 11.10 million shares outstanding and 8.13 million shares in the current float. Compared to the average trading volume of 666.05K shares, ROOT reached a trading volume of 324718 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $105.20 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 2.33. 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.
JMP Securities have made an estimate for Root Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 22, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $10 to $40. The new note on the price target was released on March 01, 2024, representing the official price target for Root Inc stock. Previously, the target price had yet another raise from $10 to $22, while Keefe Bruyette kept a Outperform rating on ROOT stock. On February 22, 2024, analysts increased their price target for ROOT shares from 9 to 13.
The Average True Range (ATR) for Root Inc is set at 12.80, with the Price to Sales ratio for ROOT stock in the period of the last 12 months amounting to 1.68. The Price to Book ratio for the last quarter was 9.62. Price to Free Cash Flow for ROOT in the course of the last twelve months was 10.10.
How has ROOT stock performed recently?
Root Inc [ROOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.29. With this latest performance, ROOT shares dropped by -15.88% in over the last four-week period, additionally plugging by 206.79% over the last 6 months – not to mention a rise of 109.80% 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 50.53, with the RSI for the last a single of trading hit 52.03, and the three-weeks RSI is set at 51.11 for Root Inc [ROOT]. The present Moving Average for the last 50 days of trading for this stock 129.58, while it was recorded at 126.07 for the last single week of trading, and 80.67 for the last 200 days.
Root Inc [ROOT]: Deeper insight into the fundamentals
Root Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 3.21.
Earnings analysis for Root Inc [ROOT]
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 -2.43%.
Insider trade positions for Root Inc [ROOT]
There are presently around $53.59%, or 56.31%% of ROOT stock, in the hands of institutional investors. The top three institutional holders of ROOT stocks are: RIBBIT MANAGEMENT COMPANY, LLC with ownership of 1.67 million shares, which is approximately 11.1947%. SVB FINANCIAL GROUP, holding 0.78 million shares of the stock with an approximate value of $$40.41 million in ROOT stocks shares; and SVB FINANCIAL GROUP, currently with $$33.67 million in ROOT stock with ownership which is approximately 4.3781%.
