In last trading session, Root Inc (NASDAQ:ROOT) saw 0.4 million shares changing hands with its beta currently measuring 2.56. Company’s recent per share price level of $73.22 trading at $2.1 or 2.95% 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 -61.36% from its 52-week high price of $118.15 and is indicating a premium of 90.14% 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 0.36 million shares which gives us an average trading volume of 666.57K 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 2.33. 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. The company is expected to be making an EPS of -0.38 in the current quarter.

Root Inc (NASDAQ:ROOT) trade information

Upright in the green during last session for gaining 2.95%, in the last five days ROOT remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $73.22 price level, adding 8.46% to its value on the day. Root Inc’s shares saw a change of 598.66% in year-to-date performance and have moved -4.02% in past 5-day. Root Inc (NASDAQ:ROOT) showed a performance of -30.11% in past 30-days. Number of shares sold short was 1.11 million shares which calculate 0.81 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 18.64% 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 82.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 82.25% 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 65.73% of value to its shares in past 6 months, showing an annual growth rate of 88.18% while that of industry is 9.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 149.62% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 287.79M for the same. And 4 analysts are in estimates of company making revenue of 295.49M in the next quarter. Company posted 194.8M and 254.9M of sales in current and next quarters respectively a year earlier.

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 95.06% 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 5.45% of company’s total shares while institution are holding 70.09 percent of that, with stock having share float percentage of 74.13%. Investors also watch the number of corporate investors in a company very closely, which is 70.09% 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.