57 institutions hold shares in Romeo Power Inc. (RMO), with 126.89M shares held by insiders accounting for 55.01% while institutional investors hold 196.53% of the company’s shares. Institutions hold 88.41% of the Float.
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Romeo Power Inc. (NYSE: RMO) is -33.79% lower 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 question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RMO stock was last observed hovering at around $14.31 in the last trading session, with the day’s gains setting it 0.58% off its average median price target of $30.00 for the next 12 months. It is also 62.78% off the consensus price target high of $40.00 offered by 3 analysts, but current levels are -24.08% lower than the price target low of $12.00 for the same period.
Currently trading at $14.89, the stock is -17.69% and -27.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.05 million and changing 4.05% at the moment leaves the stock 14.29% off its SMA200. RMO registered 49.50% gain for a year compared to 6-month gain of 45.69%. The firm has a 50-day simple moving average (SMA 50) of $18.90 and a 200-day simple moving average (SMA200) of $14.43.
The stock witnessed a -25.40% loss in the last 1 month and extending the period to 3 months gives it a 44.14%, and is -15.92% 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 6.40% over the week and 6.81% over the month.
Romeo Power Inc. (RMO) has around 5 employees, a market worth around $1.81B and $7.46M in sales. Current P/E ratio is 1145.38. Distance from 52-week low is 56.74% and -61.72% 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 “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.30, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Romeo Power Inc. quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $8M over the same period..