The price of Root Inc (NASDAQ: ROOT) closed at $46.54 in the last session, down -21.29% from day before closing price of $59.13. In other words, the price has decreased by -$12.59 from its previous closing price. On the day, 1747219 shares were traded.
Ratios:
We take a closer look at ROOT’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.07.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 05 ’23 when Allison Jonathan sold 4,000 shares for $14.18 per share. The transaction valued at 56,700 led to the insider holds 76,766 shares of the business.
Allison Jonathan sold 4,000 shares of ROOT for $44,412 on Dec 01 ’23. The Chief Administrative Officer now owns 80,766 shares after completing the transaction at $11.10 per share. On Nov 15 ’23, another insider, Allison Jonathan, who serves as the Chief Administrative Officer of the company, sold 8,000 shares for $9.88 each. As a result, the insider received 79,024 and left with 84,780 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 863.12M and an Enterprise Value of 475.52M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 4.07. Its current Enterprise Value per Revenue stands at 1.05.
Stock Price History:
Over the past 52 weeks, ROOT has reached a high of $60.58, while it has fallen to a 52-week low of $3.45. The 50-Day Moving Average of the stock is 19.37, while the 200-Day Moving Average is calculated to be 12.19.
Shares Statistics:
According to the various share statistics, ROOT traded on average about 600.57K shares per day over the past 3-months and 827.41k shares per day over the past 10 days. A total of 9.50M shares are outstanding, with a floating share count of 5.71M. Insiders hold about 60.92% of the company’s shares, while institutions hold 26.80% stake in the company. Shares short for ROOT as of Feb 29, 2024 were 1.24M with a Short Ratio of 2.07, compared to 959.63k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.52% and a Short% of Float of 13.30%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$2.59 for the current quarter, with a high estimate of -$1.96 and a low estimate of -$3.36, while EPS last year was -$2.88. The consensus estimate for the next quarter is -$2.53, with high estimates of -$2.17 and low estimates of -$3.15.
Analysts are recommending an EPS of between -$8.26 and -$11.72 for the fiscal current year, implying an average EPS of -$9.6. EPS for the following year is -$7.14, with 6 analysts recommending between -$5.39 and -$9.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $200.82M. It ranges from a high estimate of $236.49M to a low estimate of $173.24M. As of the current estimate, Root Inc’s year-ago sales were $64.18M, an estimated increase of 212.90% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for ROOT’s current fiscal year. The highest revenue estimate was $1.04B, while the lowest revenue estimate was $859.4M, resulting in an average revenue estimate of $921.46M. In the same quarter a year ago, actual revenue was $453.5M, up 103.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.22B in the next fiscal year. The high estimate is $1.35B and the low estimate is $1.14B. The average revenue growth estimate for next year is up 32.00% from the average revenue estimate for this year.
