Root Inc (NASDAQ:ROOT) has a beta value of 2.35 and has seen 2.94 million shares traded in the last trading session. The company, currently valued at $1.11B, closed the last trade at $71.01 per share which meant it gained $2.62 on the day or 3.83% during that session. The ROOT stock price is -66.39% off its 52-week high price of $118.15 and 89.83% above the 52-week low of $7.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.86 million shares traded. The 3-month trading volume is 464.87K shares.

The consensus among analysts is that Root Inc (ROOT) is Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 7 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.7.

Root Inc (NASDAQ:ROOT) trade information

Sporting 3.83% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ROOT stock price touched $71.01 or saw a rise of 39.9%. Year-to-date, Root Inc shares have moved 577.58%, while the 5-day performance has seen it change 87.81%. Over the past 30 days, the shares of Root Inc (NASDAQ:ROOT) have changed 81.80%. Short interest in the company has seen 1.55 million shares shorted with days to cover at 7.05.

Wall Street analysts have a consensus price target for the stock at $90, which means that the shares’ value could jump 21.1% from current levels. The projected low price target is $13.0 while the price target rests at a high of $234.0. In that case, then, we find that the current price level is -229.53% off the targeted high while a plunge would see the stock lose 81.69% from current levels.

Root Inc (ROOT) estimates and forecasts

Figures show that Root Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 26.15% over the past 6 months, with this year growth rate of 88.18%, compared to 7.30% for the industry. Revenue growth from the last financial year stood is estimated to be 148.70%.

6 analysts offering their estimates for the company have set an average revenue estimate of 287.37M for the current quarter. 6 have an estimated revenue figure of 293.76M for the next ending quarter. Year-ago sales stood 194.8M and 204.28M respectively for this quarter and the next, and analysts expect sales will grow by 47.50% for the current quarter and 148.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.84% over the past 5 years. Earnings growth for 2024 is a modest 90.84% while over the next 5 years, the company’s earnings are expected to increase by 41.30%.

ROOT Dividends

Root Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Root Inc (NASDAQ:ROOT)’s Major holders

Insiders own 12.94% of the company shares, while shares held by institutions stand at 61.84% with a share float percentage of 71.04%. Investors are also buoyed by the number of investors in a company, with Root Inc having a total of 142.0 institutions that hold shares in the company. The top two institutional holders are TRINITY FINANCIAL ADVISORS LLC with over 9935.0 shares worth more than $0.51 million. As of 2024-06-30, TRINITY FINANCIAL ADVISORS LLC held 0.068% of shares outstanding.

The other major institutional holder is HUNTINGTON NATIONAL BANK, with the holding of over 1.0 shares as of 2024-06-30.