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.
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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.