Roivant Sciences Ltd (NASDAQ: ROIV) is 5.97% higher on its value in year-to-date trading and has touched a low of $8.24 and a high of $13.24 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 ROIV stock was last observed hovering at around $11.97 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $11.90, the stock is -1.20% and 4.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.52 million and changing -0.58% at the moment leaves the stock 8.27% off its SMA200. ROIV registered 16.44% gain for a year compared to 6-month gain of 17.24%.
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The stock witnessed a 1.88% loss in the last 1 month and extending the period to 3 months gives it a 9.07%, and is -1.16% 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 2.85% over the week and 3.17% over the month.
Roivant Sciences Ltd (ROIV) has around 908 employees, a market worth around $8.80B and $158.30M in sales. Current P/E ratio is 2.14. Profit margin for the company is 2991.76%. Distance from 52-week low is 44.33% and -10.12% from its 52-week high. The company has generated returns on investments over the last 12 months (81.76%).
The EPS is expected to shrink by -114.22% this year.
Roivant Sciences Ltd (ROIV) Top Institutional Holders
395.0 institutions hold shares in Roivant Sciences Ltd (ROIV), with institutional investors hold 105.68% of the company’s shares. The shares outstanding are 806.68M, and float is at 372.19M with Short Float at 10.27%. Institutions hold 74.86% of the Float.
The top institutional shareholder in the company is SB INVESTMENT ADVISERS (UK) LTD with over 71.36 million shares valued at $754.29 million. The investor’s holdings represent 8.8884% of the ROIV Shares outstanding. As of 2024-06-30, the second largest holder is VIKING GLOBAL INVESTORS LP with 69.16 million shares valued at $730.98 million to account for 8.6137 of the shares outstanding. The other top investors are QVT FINANCIAL LP which holds 66.72 million shares representing 8.3103% and valued at over $705.23 million, while FMR LLC holds 5.7982 of the shares totaling 46.55 million with a market value of $492.05 million.
Roivant Sciences Ltd (ROIV) Insider Activity
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Still, SEC filings show that on Feb 09 ’24, Venker Eric (President & COO) disposed off 96,950 shares at an average price of $10.92 for $1.06 million. The insider now directly holds 532,207 shares of Roivant Sciences Ltd (ROIV).
