Root Inc (NASDAQ: ROOT) is 577.58% higher on its value in year-to-date trading and has touched a low of $7.22 and a high of $118.15 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 $68.39 in the last trading session, with the day’s gains setting it 2.62%.
Currently trading at $71.01, the stock is 64.37% and 72.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 3.83% at the moment leaves the stock 52.97% off its SMA200. ROOT registered 702.37% gain for a year compared to 6-month loss of 26.15%. The firm has a 50-day simple moving average (SMA 50) of $41.2736 and a 200-day simple moving average (SMA200) of $46.4203.
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The stock witnessed a 81.80% gain in the last 1 month and extending the period to 3 months gives it a 32.16%, and is 87.81% 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 25.73% over the week and 11.51% over the month.
Root Inc (ROOT) has around 680 employees, a market worth around $1.11B and $1.04B in sales. Profit margin for the company is -1.56%. Distance from 52-week low is 883.52% and -39.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.78%).
with sales reaching $287.37M over the same period.The EPS is expected to grow by 90.84% this year, but quarterly earnings will post 148.70% year-over-year. Quarterly sales are estimated to grow 47.50% in year-over-year returns.
Root Inc (ROOT) Top Institutional Holders
142.0 institutions hold shares in Root Inc (ROOT), with institutional investors hold 71.04% of the company’s shares. The shares outstanding are 9.50M, and float is at 7.58M with Short Float at 20.48%. Institutions hold 61.84% 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
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Root Inc disclosed in a document filed with the SEC on Jun 13 ’24 that Birnbaum Beth A (Director) sold a total of 1,735 shares of the company’s common stock. The trade occurred on Jun 13 ’24 and was made at $43.67 per share for $75766.0. Following the transaction, the insider now directly holds 16013.0 shares of the ROOT stock.
Still, SEC filings show that on May 02 ’24, Malka Meyer (10% Owner) disposed off 13,300 shares at an average price of $60.58 for $0.81 million. The insider now directly holds 43,107 shares of Root Inc (ROOT).
