Root Inc (NASDAQ: ROOT) is 313.74% higher on its value in year-to-date trading and has touched a low of $7.22 and a high of $86.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ROOT stock was last observed hovering at around $43.81 in the last trading session, with the day’s loss setting it -0.45%.
Currently trading at $43.36, the stock is -8.96% and -22.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing -1.03% at the moment leaves the stock 9.71% off its SMA200. ROOT registered 271.55% gain for a year compared to 6-month gain of 10.87%.
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The stock witnessed a -24.90% loss in the last 1 month and extending the period to 3 months gives it a -14.71%, and is -7.67% 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 6.44% over the week and 7.77% over the month.
Root Inc (ROOT) has around 680 employees, a market worth around $650.40M and $854.20M in sales. Fwd P/E is 25.66. Profit margin for the company is -9.81%. Distance from 52-week low is 500.55% and -49.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.07%).
The EPS is expected to grow by 76.92% this year.
Root Inc (ROOT) Top Institutional Holders
140.0 institutions hold shares in Root Inc (ROOT), with institutional investors hold 71.59% of the company’s shares. The shares outstanding are 9.50M, and float is at 7.37M with Short Float at 26.78%. Institutions hold 62.21% of the Float.
The top institutional shareholder in the company is TRINITY FINANCIAL ADVISORS LLC with over 9935.0 shares valued at $0.51 million. The investor’s holdings represent 0.068% of the ROOT Shares outstanding.
Root Inc (ROOT) Insider Activity
The most recent transaction is an insider sale by Birnbaum Beth A,the company’sDirector. SEC filings show that Birnbaum Beth A sold 1,735 shares of the company’s common stock on Jun 13 ’24 at a price of $43.67 per share for a total of $75766.0. Following the sale, the insider now owns 16013.0 shares.
Root Inc disclosed in a document filed with the SEC on May 02 ’24 that Malka Meyer (10% Owner) sold a total of 13,300 shares of the company’s common stock. The trade occurred on May 02 ’24 and was made at $60.58 per share for $0.81 million. Following the transaction, the insider now directly holds 43107.0 shares of the ROOT stock.
Still, SEC filings show that on Dec 05 ’23, Allison Jonathan (Chief Administrative Officer) disposed off 4,000 shares at an average price of $14.18 for $56700.0. The insider now directly holds 76,766 shares of Root Inc (ROOT).
