During the last session, Root Inc (NASDAQ:ROOT)’s traded shares were 0.85 million, with the beta value of the company hitting 2.48. At the end of the trading day, the stock’s price was $133.88, reflecting an intraday gain of 4.33% or $5.56. The 52-week high for the ROOT share is $145.34, that puts it down -8.56 from that peak though still a striking 74.57% gain since the share price plummeted to a 52-week low of $34.04. The company’s market capitalization is $2.03B, and the average trade volume was 474.86K shares over the past three months.
Root Inc (ROOT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.33. 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 0.03.
Root Inc (NASDAQ:ROOT) trade information
Root Inc (ROOT) registered a 4.33% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.33% in intraday trading to $133.88, hitting a weekly high. The stock’s 5-day price performance is -0.95%, and it has moved by 24.47% in 30 days. Based on these gigs, the overall price performance for the year is 242.40%.
The consensus price target of analysts on Wall Street is $90, which implies a decrease of -48.76% 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 -74.78% off the target high and 90.29% off the low.
Root Inc (ROOT) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.45% 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 305.24M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 314.21M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 254.9M and 289.2M respectively. In this case, analysts expect current quarter sales to grow by 19.75% and then jump by 8.65% in the coming quarter.
While earnings are projected to return -123.07% in 2025, the next five years will return -7.47% per annum.
ROOT Dividends
Root Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 0.78 million shares, is of SVB FINANCIAL GROUP’s that is approximately 5.2551% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $40.41 million.
Also, the Mutual Funds coming in first place with the largest holdings of Root Inc (ROOT) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . Data provided on Dec 31, 2024 indicates that iShares Russell 2000 ETF owns about 238.77 shares. This amounts to just over 2.13 percent of the company’s overall shares, with a $31.97 million market value. The same data shows that the other fund manager holds slightly less at 230.29, or about 2.06% of the stock, which is worth about $30.83 million.
