Currently, Retail Opportunity Investments Corp [ROIC] is trading at $17.44, down -0.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ROIC shares have lost -0.06% over the last week, with a monthly amount glided 0.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Retail Opportunity Investments Corp [NASDAQ: ROIC] stock has seen the most recent analyst activity on November 05, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Raymond James downgraded its rating to Mkt Perform on October 30, 2024. BofA Securities downgraded its rating to a Underperform and decreased its price target to $12 on April 05, 2024. KeyBanc Capital Markets upgraded its rating to a Overweight but $16 remained the price target by the analyst firm on January 05, 2024. BofA Securities downgraded its rating to Neutral for this stock on November 06, 2023, and downed its price target to $13. In a note dated September 20, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and boosted its target price from $14 to $15.
This stock has fluctuated between a low of $11.87 and a high of $17.52 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $15.83 within the next 12 months. Retail Opportunity Investments Corp [NASDAQ: ROIC] shares were valued at $17.44 at the most recent close of the market. An investor can expect a potential drop of -9.23% based on the average ROIC price forecast.
Analyzing the ROIC fundamentals
Trailing Twelve Months sales for Retail Opportunity Investments Corp [NASDAQ:ROIC] were 336.79M which represents 2.13% growth. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.09.
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 17.43 points at the first support level, and at 17.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.46, and for the 2nd resistance point, it is at 17.48.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.94, the price to book ratio is 1.73 and price to earnings (TTM) ratio is 38.13.
