Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Root Inc (NASDAQ: ROOT) was $132.35 for the day, up 3.74% from the previous closing price of $127.58. In other words, the price has increased by $3.74 from its previous closing price. On the day, 0.8 million shares were traded.
Ratios:
Our analysis of ROOT’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.63.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
As of this moment, Root’s Price-to-Earnings (P/E) ratio for their current fiscal year is 84.55, and their Forward P/E ratio for the next fiscal year is 162.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 9.81.
Stock Price History:
Over the past 52 weeks, ROOT has reached a high of $142.72, while it has fallen to a 52-week low of $34.04. The 50-Day Moving Average of the stock is 39.36%, while the 200-Day Moving Average is calculated to be 97.42%.
Shares Statistics:
A total of 11.10M shares are outstanding, with a floating share count of 7.71M. Insiders hold about 49.28% of the company’s shares, while institutions hold 32.85% stake in the company.
