In last trading session, Root Inc (NASDAQ:ROOT) saw 1.45 million shares changing hands with its beta currently measuring 2.35. Company’s recent per share price level of $73.78 trading at $2.8 or 3.94% at ring of the bell on the day assigns it a market valuation of $1.11B. That closing price of ROOT’s stock is at a discount of -60.14% from its 52-week high price of $118.15 and is indicating a premium of 90.21% from its 52-week low price of $7.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.01 million shares which gives us an average trading volume of 525.56K if we extend that period to 3-months.
For Root Inc (ROOT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Root Inc (NASDAQ:ROOT) trade information
Upright in the green during last session for gaining 3.94%, in the last five days ROOT remained trading in the green while hitting it’s week-highest on Thursday, 10/31/24 when the stock touched $73.78 price level, adding 37.55% to its value on the day. Root Inc’s shares saw a change of 604.01% in year-to-date performance and have moved 82.22% in past 5-day. Root Inc (NASDAQ:ROOT) showed a performance of 96.33% in past 30-days. Number of shares sold short was 1.55 million shares which calculate 7.05 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 90 to the stock, which implies a rise of 18.02% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 234. It follows that stock’s current price would jump 82.38% in reaching the projected high whereas dropping to the targeted low would mean a gain of 82.38% for stock’s current value.
Root Inc (ROOT) estimates and forecasts
Statistics highlight that Root Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 18.09% of value to its shares in past 6 months, showing an annual growth rate of 88.18% while that of industry is 7.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.84% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 95.12% while estimates for its earnings growth in next 5 years are of 41.30%.
Root Inc (NASDAQ:ROOT)’s Major holders
Insiders are in possession of 12.94% of company’s total shares while institution are holding 61.57 percent of that, with stock having share float percentage of 70.72%. Investors also watch the number of corporate investors in a company very closely, which is 61.57% institutions for Root Inc that are currently holding shares of the company. TRINITY FINANCIAL ADVISORS LLC is the top institutional holder at ROOT for having 9935.0 shares of worth $0.51 million. And as of 2024-06-30, it was holding 0.068 of the company’s outstanding shares.
