During the recent session, Root Inc (NASDAQ:ROOT)’s traded shares were 5.13 million, with the beta value of the company hitting 2.53. At the last check today, the stock’s price was $110.00, reflecting an intraday gain of 171.67% or $69.51. The 52-week high for the ROOT share is $86.57, that puts it up 21.3 from that peak though still a striking 93.44% gain since the share price plummeted to a 52-week low of $7.22. The company’s market capitalization is $1.65B, and the average intraday trading volume over the past 10 days was 0.23 million shares, and the average trade volume was 261.20K shares over the past three months.

Root Inc (ROOT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.00. ROOT has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.98.

Root Inc (NASDAQ:ROOT) trade information

Root Inc (ROOT) registered a 171.67% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 171.67% in intraday trading to $110.00, hitting a weekly high. The stock’s 5-day price performance is 183.29%, and it has moved by 179.83% in 30 days. Based on these gigs, the overall price performance for the year is 1116.81%. The short interest in Root Inc (NASDAQ:ROOT) is 1.55 million shares and it means that shorts have 7.05 day(s) to cover.

The consensus price target of analysts on Wall Street is $90, which implies a decrease of -22.22% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $234 respectively. As a result, ROOT is trading at a discount of -112.73% off the target high and 88.18% off the low.

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 93.49% during the last six months, with a year-to-date growth rate more than the industry average at 79.20% against 7.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 69.00% this quarter and then jump 57.30% in the quarter after that. In the rating firms’ projections, revenue will increase 141.50% 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 272.8M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 281.67M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 76.42M and 194.8M respectively. In this case, analysts expect current quarter sales to grow by 257.00% and then jump by 44.60% in the coming quarter.

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 85.94% in 2024, the next five years will return 41.30% per annum.

ROOT Dividends

Root Inc is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Root Inc (NASDAQ:ROOT)’s Major holders

Root Inc insiders own 13.06% of total outstanding shares while institutional holders control 62.41%, with the float percentage being 71.78%. TRINITY FINANCIAL ADVISORS LLC is the largest shareholder of the company, while 140.0 institutions own stock in it. As of 2024-06-30, the company held over 9935.0 shares (or 0.068% of all shares), a total value of $0.51 million in shares.