During the last session, Root Inc (NASDAQ:ROOT)’s traded shares were 0.32 million, with the beta value of the company hitting 2.79. At the end of the trading day, the stock’s price was $64.40, reflecting an intraday gain of 2.78% or $1.74. The 52-week high for the ROOT share is $85.99, that puts it down -33.52 from that peak though still a striking 94.16% gain since the share price plummeted to a 52-week low of $3.76. The company’s market capitalization is $940.24M, and the average trade volume was 803.39K shares over the past three months.
Root Inc (NASDAQ:ROOT) trade information
Root Inc (ROOT) registered a 2.78% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.78% in intraday trading to $64.40, hitting a weekly high. The stock’s 5-day price performance is 25.19%, and it has moved by 14.92% in 30 days. Based on these gigs, the overall price performance for the year is 1534.52%.
Root Inc (ROOT) estimates and forecasts
Statistics show that Root Inc has outperformed its competitors in share price, compared to the industry in which it operates. Root Inc (ROOT) shares have gone up 607.69% during the last six months, with a year-to-date growth rate more than the industry average at 23.14% against 16.20. In the rating firms’ projections, revenue will increase 106.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 204.28M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 221.85M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.84%. While earnings are projected to return 14.33% in 2024, the next five years will return 41.30% per annum.
ROOT Dividends
Root Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
