Think You Need A Good Stock? Look At This Root, Inc. (NASDAQ:ROOT) Analysis

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Root, Inc. (NASDAQ:ROOT) traded at $9.56 at close of the session on Friday, Jul 02, made a downturn move of -3.82% on its previous day’s price.

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Looking at the stock we see that its previous close was $9.94 and the beta (5Y monthly) reads 0 with the day’s price range being $9.43 – 10.02. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, ROOT has a high of $29.48 and a low of $8.19. The company’s stock has gained about -0.21% over that past 30 days.

Root, Inc. has a market cap of $2.51 Billion and is expected to release its quarterly earnings report on May 05, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the ROOT stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.49, with the EPS growth for the year raised at -$2.08 for 2021 and -$1.81 for next year. These figures represent -0.57% and -0.13% growth in EPS for the two years respectively.

Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Root, Inc. (ROOT) stock as a Hold, while 4 rate it as a Buy. None analyst(s) rate it as outperform while 1 of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the ROOT stock currently stands at 0, and the current price level is -13.01% off its SMA20 and -6.73% from its 50-day simple moving average. The RSI (14) is pointing at 39.81 while the volatility over the past week is 6.71% and jumps to 7.68% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.81. The average price target for the stock over the next 12 months is $16, with the estimates having a low of $8.5 and a high of $30. These price ends are -11.09% and +213.81% off the current price level respectively, although investors could be excited at the prospect of a +51.67% if the ROOT share price touches on the median price of $14.5.

Coming back to Root, Inc. (NASDAQ:ROOT), we note that the average 3-month trading volume was 3.93 Million, while that of the preceding 10-day period stands at 3.17 Million. Current shares outstanding are 86.89 Million.

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According to data from Thomson Reuters, insiders hold 33.26% of the company’s shares while institutions hold 58.38%. The data shows that short shares as of June 14, 2021, stood at 14.43 Million at a short ratio of 2.52. This represents a 5.7% short interest in shares outstanding on June 14, 2021. Shares short dropped in June from the previous month at 16.3 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -39.15% down in year-to-date price movement.


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