Roivant Sciences Ltd (NASDAQ: ROIV) is -0.27% lower on its value in year-to-date trading and has touched a low of $8.56 and a high of $13.06 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 ROIV stock was last observed hovering at around $11.64 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $11.20, the stock is -4.24% and -4.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.37 million and changing -3.78% at the moment leaves the stock 0.10% off its SMA200. ROIV registered 23.48% gain for a year compared to 6-month gain of -0.27%. The firm has a 50-day simple moving average (SMA 50) of $11.7504 and a 200-day simple moving average (SMA200) of $11.1889.
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The stock witnessed a -5.96% loss in the last 1 month and extending the period to 3 months gives it a -2.52%, and is -5.64% 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 3.70% over the week and 2.50% over the month.
Roivant Sciences Ltd (ROIV) has around 908 employees, a market worth around $7.84B and $125.68M in sales. Current P/E ratio is 1.98. Profit margin for the company is 3827.42%. Distance from 52-week low is 30.84% and -14.21% from its 52-week high. The company has generated returns on investments over the last 12 months (92.57%).
The EPS is expected to shrink by -113.38% this year.
Roivant Sciences Ltd (ROIV) Top Institutional Holders
387.0 institutions hold shares in Roivant Sciences Ltd (ROIV), with institutional investors hold 112.77% of the company’s shares. The shares outstanding are 806.68M, and float is at 372.15M with Short Float at 12.51%. Institutions hold 79.44% 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
The most recent transaction is an insider sale by Venker Eric, the company’s President & COO. SEC filings show that Venker Eric sold 100,000 shares of the company’s common stock on Oct 21 ’24 at a price of $11.65 per share for a total of $1.17 million. Following the sale, the insider now owns 0.62 million shares.
Still, SEC filings show that on Sep 26 ’24, QVT Financial LP (Director by Deputization) disposed off 876,000 shares at an average price of $11.82 for $10.35 million. The insider now directly holds 22,179,358 shares of Roivant Sciences Ltd (ROIV).
