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After finishing at $11.37 in the prior trading day, Roivant Sciences Ltd (NASDAQ: ROIV) closed at $11.28, down -0.79%. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 5.74 million shares were traded. ROIV stock price reached its highest trading level at $11.41 during the session, while it also had its lowest trading level at $11.18.
Ratios:
Our goal is to gain a better understanding of ROIV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 27.75 and its Current Ratio is at 27.91. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
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 this company, Wolfe Research on February 15, 2024, initiated with a Outperform rating and assigned the stock a target price of $17.
On January 05, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $20.
On December 12, 2023, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $14.Deutsche Bank initiated its Buy rating on December 12, 2023, with a $14 target price.
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 Sep 26 ’24 when QVT Financial LP sold 876,000 shares for $11.82 per share. The transaction valued at 10,354,320 led to the insider holds 22,179,358 shares of the business.
QVT Financial LP sold 50,000 shares of ROIV for $588,500 on Sep 25 ’24. The Director by Deputization now owns 23,055,358 shares after completing the transaction at $11.77 per share. On Sep 24 ’24, another insider, MANCHESTER KEITH S, who serves as the Director of the company, sold 368,052 shares for $11.62 each. As a result, the insider received 4,278,604 and left with 1,412,126 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, ROIV now has a Market Capitalization of 8415759872 and an Enterprise Value of 3502327296. As of this moment, Roivant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 52.70 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 22.124 whereas that against EBITDA is -3.444.
Stock Price History:
Over the past 52 weeks, ROIV has reached a high of $13.06, while it has fallen to a 52-week low of $8.24. The 50-Day Moving Average of the stock is -1.83%, while the 200-Day Moving Average is calculated to be 2.12%.
Shares Statistics:
The stock has traded on average 6.16M shares per day over the past 3-months and 12898070 shares per day over the last 10 days, according to various share statistics. A total of 806.68M shares are outstanding, with a floating share count of 376.18M. Insiders hold about 49.13% of the company’s shares, while institutions hold 61.98% stake in the company. Shares short for ROIV as of 1726185600 were 33566376 with a Short Ratio of 5.45, compared to 1723680000 on 40904604. Therefore, it implies a Short% of Shares Outstanding of 33566376 and a Short% of Float of 6.02.
