A share price of Root Inc [ROOT] is currently trading at $125.29, up 4.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ROOT shares have gain 11.11% over the last week, with a monthly amount drifted -17.43%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Root Inc [NASDAQ: ROOT] stock has seen the most recent analyst activity on November 22, 2024, when JMP Securities downgraded its rating to a Mkt Perform. Previously, Jefferies upgraded its rating to Buy on March 01, 2024, and elevated its price target to $40. On February 26, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $22 on the stock. Cantor Fitzgerald upgraded its rating to a Overweight and increased its price target to $13 on February 22, 2024. TD Cowen initiated its recommendation with a Market Perform. Jefferies started tracking with a Hold rating for this stock on November 19, 2021, and assigned it a price target of $5.50. In a note dated November 15, 2021, Barclays downgraded an Underweight rating on this stock and revised its target price from $5 to $3.
Root Inc experienced fluctuations in its stock price throughout the past year between $34.04 and $181.14. Currently, Wall Street analysts expect the stock to reach $100.2 within the next 12 months. Root Inc [NASDAQ: ROOT] shares were valued at $125.29 at the most recent close of the market. An investor can expect a potential drop of -20.03% based on the average ROOT price forecast.
Analyzing the ROOT fundamentals
Trailing Twelve Months sales for Root Inc [NASDAQ:ROOT] were 1.18B which represents 67.71% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.14 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 0.98.
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 120.03 points at the first support level, and at 114.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.52, and for the 2nd resistance point, it is at 137.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Root Inc [NASDAQ:ROOT] is 3.21. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 9.29 and price to earnings (TTM) ratio is 80.04.
Transactions by insiders
Recent insider trading involved Timm Alexander E., Chief Executive Officer, that happened on Apr 02 ’25 when 7353.0 shares were sold. Chief Executive Officer, Timm Alexander E. completed a deal on Apr 01 ’25 to sell 1144.0 shares. Meanwhile, President and CTO Bonakdarpour Mahtiyar sold 5515.0 shares on Apr 02 ’25.
