At the time of writing, Root Inc [ROOT] stock is trading at $71.01, up 3.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The ROOT shares have gain 87.81% over the last week, with a monthly amount glided 81.80%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Root Inc [NASDAQ: ROOT] stock has seen the most recent analyst activity on March 01, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $40 from $10. Previously, Keefe Bruyette upgraded its rating to Outperform on February 26, 2024, and elevated its price target to $22. On February 22, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $13 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating. Jefferies initiated its recommendation with a Hold and recommended $5.50 as its price target on November 19, 2021. Barclays downgraded its rating to Underweight for this stock on November 15, 2021, and downed its price target to $3. In a note dated August 17, 2021, Wolfe Research initiated an Peer Perform rating and provided a target price of $5 on this stock.
For the past year, the stock price of Root Inc fluctuated between $7.22 and $118.15. Currently, Wall Street analysts expect the stock to reach $100.05 within the next 12 months. Root Inc [NASDAQ: ROOT] shares were valued at $71.01 at the most recent close of the market. An investor can expect a potential return of 40.9% based on the average ROOT price forecast.
Analyzing the ROOT fundamentals
According to Root Inc [NASDAQ:ROOT], the company’s sales were 1.04B for trailing twelve months, which represents an 165.13% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.07 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.76 points at the first support level, and at 56.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.71, and for the 2nd resistance point, it is at 84.40.
Ratios To Look Out For
It is important to note that Root Inc [NASDAQ:ROOT] has a current ratio of 3.61. Considering the valuation of this stock, the price to sales ratio is 1.06, the price to book ratio is 5.86.
Transactions by insiders
Recent insider trading involved Ribbit Capital IV, L.P., 10% Owner, that happened on Oct 31 ’24 when 50959.0 shares were purchased. Director, Birnbaum Beth A completed a deal on Jun 13 ’24 to sell 1735.0 shares. Meanwhile, 10% Owner Malka Meyer sold 13300.0 shares on May 02 ’24.
