Will current price volatility hamper Romeo Power Inc. (RMO) future potential? – Marketing Sentinel

Will current price volatility hamper Romeo Power Inc. (RMO) future potential?

Romeo Power Inc. (NYSE:RMO) has a beta value of 0 and has seen 2,953,316 shares traded in the last trading session. The company, currently valued at $1.08 Billion, closed the last trade at $8.27 per share which meant it lost -$0.34 on the day or -3.95% during that session. The RMO stock price is -370.38% off its 52-week high price of $38.9 and 3.02% above the 52-week low of $8.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.08 Million shares traded. The 3-month trading volume is 6.42 Million shares.

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The consensus among analysts is that Romeo Power Inc. (RMO) is an Overweight stock at the moment, with a recommendation rating of 2.4. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 5 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.

Romeo Power Inc. (NYSE:RMO) trade information

Despite being -3.95% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the RMO stock price touched $9.30-1 or saw a rise of 11.08%. Year-to-date, Romeo Power Inc. shares have moved -63.23%, while the 5-day performance has seen it change -9.52%. Over the past 30 days, the shares of Romeo Power Inc. (NYSE:RMO) have changed -0.12%. Short interest in the company has seen 21.64 Million shares shorted with days to cover at 3.37.

Wall Street analysts have a consensus price target for the stock at $13.94, which means that the shares’ value could jump 68.56% from current levels. The projected low price target is $6.7 while the price target rests at a high of $30. In that case, then, we find that the current price level is +262.76% off the targeted high while a plunge would see the stock lose -18.98% from current levels.

Romeo Power Inc. (RMO) estimates and forecasts

Earnings growth for 2021 is a modest -234.7%.

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