Root Inc (NASDAQ:ROOT) currently has a daily average trading volume of 717.49K but it saw 551385 shares traded in last market. With a market cap of 2.27B USD, the company’s current market price of $141.20 came falling about -6.02 while comparing to the previous closing price of $150.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $181.14 and as low as $34.04.
Taking a look at 20-day trading activity of Root Inc (ROOT) gives us an average price of $141.70, while its current price level is -22.05% below from 52-week high level whereas it is 314.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $138.88 while that of 200 days or SMA-200 reads an average of $87.39. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.76% during that period while stretching the period over a month that decreases to 8.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.91 which implies that the stock is in neutral territory.
Jefferies upgraded its recommendation for the stock as a “Buy” from “Hold” on March 01, 2024 while assigning a price target range of $10-$40. Keefe Bruyette issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $10 and $22.
Over the week, ROOT’s stock price is moving 0.91% up while it is 12.70% when we observe its performance for the past one month. Year-to-date it is 94.52% up and over the past year, the stock is showing an upside performance of 121.11%.
Currently, Root Inc’s total number of outstanding shares is 11.20M with 5.88% of that held by the insiders while 53.62% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 9.74% and return on equity (ROE) at 17.95%. It has a price to earnings ratio (P/E ratio) of 46.95 while having a 77.35 of forward P/E ratio. Stock’s beta reads 2.36. Stock has a price to book (P/B) ratio of 9.38 while price to sale or P/S ratio amounts to 1.79. Its return on asset (ROA) is 4.20% on average.
