Root Inc [NASDAQ: ROOT] gained 3.24% on the last trading session, reaching $81.5 price per share at the time.
Root Inc represents 13.70 million in outstanding shares, while the company has a total market value of $1.26 billion with the latest information. ROOT stock price has been found in the range of $78.7 to $82.11.
If compared to the average trading volume of 511.44K shares, ROOT reached a trading volume of 271015 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 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 $120.60 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 Price to Book ratio for the last quarter was 4.77. Price to Free Cash Flow for ROOT in the course of the last twelve months was 6.15.
Trading performance analysis for ROOT stock
Root Inc [ROOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.24. With this latest performance, ROOT shares gained by 4.23% in over the last four-week period, additionally sinking by -34.97% over the last 6 months – not to mention a rise of 12.27% 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 51.22, with the RSI for the last a single of trading hit 5.70, and the three-weeks RSI is set at 5.69 for Root Inc [ROOT]. The present Moving Average for the last 50 days of trading for this stock 83.45, while it was recorded at 77.07 for the last single week of trading, and 114.28 for the last 200 days.
Root Inc [ROOT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Root Inc [ROOT] shares currently have an operating margin of 5.97%. Root Inc’s Net Margin is presently recorded at 3.73%.
Root Inc (ROOT) Capital Structure & Debt Analysis
According to recent financial data for Root Inc. ( ROOT), the Return on Equity (ROE) stands at 17.02%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 4.00%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Root Inc’s Return on Invested Capital (ROIC) is 9.39%, showcasing its effectiveness in deploying capital for earnings.
Root Inc (ROOT) Efficiency & Liquidity Metrics
Based on Root Inc’s (ROOT) latest financial statements, the Debt-to-Equity Ratio is 0.52%, indicating its reliance on debt financing relative to shareholder equity.
Root Inc (ROOT) Efficiency & Liquidity Metrics
Root Inc [ROOT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Root Inc posted 1.55/share EPS, while the average EPS was predicted by analysts to be reported at -0.38/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.93. 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 22.94%.
An analysis of Institutional ownership at Root Inc [ROOT]
There are presently around $68.59%, or 72.80%% 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%.
