These Numbers Show Favorable Signs for Romeo Power Inc. (RMO)

Romeo Power Inc. (NYSE: RMO) is -53.53% lower on its value in year-to-date trading and has touched a low of $7.71 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 $12.80 in the last trading session, with the day’s loss setting it -2.35% off its average median price target of $12.00 for the next 12 months. It is also 65.17% off the consensus price target high of $30.00 offered by 5 analysts, but current levels are -55.97% lower than the price target low of $6.70 for the same period.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $10.45, the stock is -11.21% and -25.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 49.91 million and changing -18.36% at the moment leaves the stock -21.68% off its SMA200. RMO registered 3.77% gain for a year compared to 6-month loss of 0.77%. The firm has a 50-day simple moving average (SMA 50) of $12.33 and a 200-day simple moving average (SMA200) of $14.81.

The stock witnessed a 11.41% gain in the last 1 month and extending the period to 3 months gives it a -49.90%, and is 0.77% up 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 22.48% over the week and 12.23% over the month.

Romeo Power Inc. (RMO) has around 5 employees, a market worth around $1.33B and $8.97M in sales. Current P/E ratio is 803.85. Distance from 52-week low is 35.54% and -73.14% 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 -$0.1 with sales reaching $7.83M over the same period.The EPS is expected to grow by 14.80% this year, but quarterly earnings will post 1,452.30% year-over-year.

Romeo Power Inc. (RMO) Top Institutional Holders

77 institutions hold shares in Romeo Power Inc. (RMO), with 44.38M shares held by insiders accounting for 34.97% while institutional investors hold 18.79% 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 12.22% of the Float.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free