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 -51.62% lower on its value in year-to-date trading and has touched a low of $8.42 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 $11.49 in the last trading session, with the day’s loss setting it -0.61% off its average median price target of $18.00 for the next 12 months. It is also 72.8% off the consensus price target high of $40.00 offered by 5 analysts, but current levels are 9.33% higher than the price target low of $12.00 for the same period.
Currently trading at $10.88, the stock is -10.63% and -29.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing -5.31% at the moment leaves the stock -18.51% off its SMA200. RMO registered 7.94% gain for a year compared to 6-month gain of 1.78%. The firm has a 50-day simple moving average (SMA 50) of $13.53 and a 200-day simple moving average (SMA200) of $14.81.
The stock witnessed a -11.76% loss in the last 1 month and extending the period to 3 months gives it a -68.00%, and is -16.11% 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 8.08% over the week and 10.37% over the month.
Romeo Power Inc. (RMO) has around 5 employees, a market worth around $1.39B and $7.46M in sales. Current P/E ratio is 836.92. Distance from 52-week low is 29.22% and -72.03% 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”. 5 analysts offering their recommendations for the stock have an average rating of 2.20, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 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 -$0.13 with sales reaching $8M over the same period..