76 institutions hold shares in Romeo Power Inc. (RMO), with 44.38M shares held by insiders accounting for 34.97% while institutional investors hold 18.74% of the company’s shares. The shares outstanding are 126.79M, and float is at 102.31M with Short Float at 8.59%. Institutions hold 12.18% of the Float.
Romeo Power Inc. (NYSE: RMO) is -63.18% lower on its value in year-to-date trading and has touched a low of $8.30 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 $8.33 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $12.00 for the next 12 months. It is also 72.4% off the consensus price target high of $30.00 offered by 5 analysts, but current levels are -23.58% lower than the price target low of $6.70 for the same period.
Currently trading at $8.28, the stock is -29.76% and -43.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.49 million and changing -0.60% at the moment leaves the stock -37.97% off its SMA200. RMO registered -18.02% loss for a year compared to 6-month gain of -22.54%. The firm has a 50-day simple moving average (SMA 50) of $12.33 and a 200-day simple moving average (SMA200) of $14.78.
The stock witnessed a -28.06% loss in the last 1 month and extending the period to 3 months gives it a -68.66%, and is -28.31% 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 8.14% over the week and 10.33% over the month.
Romeo Power Inc. (RMO) has around 5 employees, a market worth around $1.06B and $8.97M in sales. Current P/E ratio is 636.92. Distance from 52-week low is -0.24% and -78.71% 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 2.40, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 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 -$0.08 with sales reaching $8.58M over the same period.The EPS is expected to grow by 14.80% this year, but quarterly earnings will post 1,456.20% year-over-year.