Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Root Inc (NASDAQ: ROOT) closed the day trading at $111.23 down -6.29% from the previous closing price of $118.69. In other words, the price has decreased by -$6.29 from its previous closing price. On the day, 0.54 million shares were traded.
Ratios:
For a better understanding of ROOT, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 1.00.
On March 01, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $10 to $40.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on February 26, 2024, whereas the target price for the stock was revised from $10 to $22.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 19 ’24 when Allison Jonathan sold 4,000 shares for $100.00 per share. The transaction valued at 400,000 led to the insider holds 60,571 shares of the business.
Szudarek Julie sold 2,000 shares of ROOT for $192,666 on Nov 18 ’24. The Director now owns 15,003 shares after completing the transaction at $96.33 per share. On Nov 19 ’24, another insider, Allison Jonathan, who serves as the Officer of the company, bought 4,000 shares for $100.00 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 9.17.
Stock Price History:
Over the past 52 weeks, ROOT has reached a high of $141.23, while it has fallen to a 52-week low of $8.60. The 50-Day Moving Average of the stock is 23.74%, while the 200-Day Moving Average is calculated to be 71.25%.
Shares Statistics:
A total of 10.60M shares are outstanding, with a floating share count of 7.36M. Insiders hold about 51.24% of the company’s shares, while institutions hold 33.07% stake in the company.
