Romeo Power Inc. (RMO) Analysis & Forecast for January 2021

Romeo Power Inc. (NYSE: RMO) is 125.35% higher on its value in year-to-date trading and has touched a low of $9.50 and a high of $38.90 in the current 52-week trading range. The RMO stock was last observed hovering at around $26.42 in the last trading session, with the day’s loss setting it -3.93% off its average median price target of $40.00 for the next 12 months. It is also 43.78% off the consensus price target high of $40.00 offered by 1 analysts, but current levels are 43.78% higher than the price target low of $40.00 for the same period.

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Currently trading at $22.49, the stock is 1.83% and 45.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.24 million and changing -14.88% at the moment leaves the stock 95.31% off its SMA200. RMO registered 127.86% gain for a year compared to 6-month gain of 121.14%. The firm has a 50-day simple moving average (SMA 50) of $24.45 and a 200-day simple moving average (SMA200) of $17.34.

The stock witnessed a 45.47% loss in the last 1 month and extending the period to 3 months gives it a 111.17%, and is -21.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 23.18% over the week and 16.53% over the month.

Romeo Power Inc. (RMO) has around 5 employees, a market worth around $759.71M and $7.46M in sales. Current P/E ratio is 1730.00. Distance from 52-week low is 136.74% and -42.18% from its 52-week high.

Romeo Power Inc. (RMO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Romeo Power Inc. (RMO) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Romeo Power Inc. is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.32 with sales reaching $9M over the same period..

Romeo Power Inc. (RMO) Top Institutional Holders

57 institutions hold shares in Romeo Power Inc. (RMO), with 125.85M shares held by insiders accounting for 55.01% while institutional investors hold 196.53% of the company’s shares. The shares outstanding are 28.75M, and float is at 23.00M with Short Float at 12.24%. Institutions hold 88.41% of the Float.

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