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Root Inc (NASDAQ: ROOT) closed the day trading at $62.97 up 11.22% from the previous closing price of $56.62. In other words, the price has increased by $11.22 from its previous closing price. On the day, 0.87 million shares were traded. ROOT stock price reached its highest trading level at $63.1799 during the session, while it also had its lowest trading level at $55.7092.
Ratios:
For a better understanding of ROOT, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 1.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on March 01, 2024, Upgraded its rating to Buy and sets its target price to $40 from $10 previously.
On February 26, 2024, Keefe Bruyette Upgraded its rating to Outperform which previously was Mkt Perform and also upped its target price recommendation from $10 to $22.
Cantor Fitzgerald Upgraded its Neutral to Overweight on February 22, 2024, whereas the target price for the stock was revised from $9 to $13.
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 May 02 ’24 when Malka Meyer sold 13,300 shares for $60.58 per share. The transaction valued at 805,767 led to the insider holds 43,107 shares of the business.
Allison Jonathan sold 4,000 shares of ROOT for $56,700 on Dec 05 ’23. The Chief Administrative Officer now owns 76,766 shares after completing the transaction at $14.18 per share. On Dec 01 ’23, another insider, Allison Jonathan, who serves as the Chief Administrative Officer of the company, sold 4,000 shares for $11.10 each. As a result, the insider received 44,412 and left with 80,766 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ROOT now has a Market Capitalization of 939650944 and an Enterprise Value of 681462016. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 5.55. Its current Enterprise Value per Revenue stands at 1.065 whereas that against EBITDA is -13.964.
Stock Price History:
Over the past 52 weeks, ROOT has reached a high of $86.57, while it has fallen to a 52-week low of $4.29. The 50-Day Moving Average of the stock is 14.03%, while the 200-Day Moving Average is calculated to be 196.53%.
Shares Statistics:
Over the past 3-months, ROOT traded about 911.08K shares per day on average, while over the past 10 days, ROOT traded about 762150 shares per day. A total of 9.50M shares are outstanding, with a floating share count of 6.68M. Insiders hold about 55.27% of the company’s shares, while institutions hold 24.65% stake in the company. Shares short for ROOT as of 1713139200 were 1255792 with a Short Ratio of 1.38, compared to 1710460800 on 1411226. Therefore, it implies a Short% of Shares Outstanding of 1255792 and a Short% of Float of 13.3.
