Retail Opportunity Investments Corp (NASDAQ: ROIC) is 24.23% higher on its value in year-to-date trading and has touched a low of $11.87 and a high of $17.44 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 ROIC stock was last observed hovering at around $17.41 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $17.43, the stock is 0.35% and 6.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.11% at the moment leaves the stock 23.70% off its SMA200. ROIC registered 27.97% gain for a year compared to 6-month gain of 38.66%. The firm has a 50-day simple moving average (SMA 50) of $16.356 and a 200-day simple moving average (SMA200) of $14.06775.
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The stock witnessed a 3.75% loss in the last 1 month and extending the period to 3 months gives it a 14.82%, and is 0.11% 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 0.24% over the week and 0.57% over the month.
Retail Opportunity Investments Corp (ROIC) has around 71 employees, a market worth around $2.34B and $336.79M in sales. Current P/E ratio is 38.11 and Fwd P/E is 61.31. Profit margin for the company is 17.24%. Distance from 52-week low is 46.84% and -0.09% from its 52-week high. The company has generated returns on investments over the last 12 months (2.45%).
The EPS is expected to grow by 29.42% this year
346.0 institutions hold shares in Retail Opportunity Investments Corp (ROIC), with institutional investors hold 105.38% of the company’s shares. The shares outstanding are 128.65M, and float is at 123.82M with Short Float at 1.29%. Institutions hold 101.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 23.18 million shares valued at $288.07 million. The investor’s holdings represent 18.3072 of the ROIC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.58 million shares valued at $243.43 million to account for 15.4699 of the shares outstanding. The other top investors are CENTERSQUARE INVESTMENT MANAGEMENT LLC which holds 9.46 million shares representing 7.4745 and valued at over $117.62 million, while STATE STREET CORP holds 5.8512 of the shares totaling 7.41 million with a market value of $93.16 million.
