Rogers Corporation (ROG) can make a big difference with a little luck

Rogers Corporation (NYSE: ROG) stock jumped 8.32% on Wednesday to $108.21 against a previous-day closing price of $99.90. With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $108.98 whereas the lowest price it dropped to was $101.08. The 52-week range on ROG shows that it touched its highest point at $274.51 and its lowest point at $98.45 during that stretch. Beta for the stock currently stands at 1.18.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ROG was up-trending over the past week, with a rise of 2.89%, but this was down by -54.43% over a month. Three-month performance dropped to -57.51% while six-month performance fell -58.44%. The stock lost -59.94% in the past year, while it has lost -60.36% so far this year. A look at the trailing 12-month EPS for ROG yields 3.82 with Next year EPS estimates of 6.00. For the next quarter, that number is 1.27. This implies an EPS growth rate of 114.50% for this year and 12.10% for next year.

Float and Shares Shorts:

At present, 18.82 million ROG shares are outstanding with a float of 18.60 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.94 million, which was 4.98% higher than short shares on Sep 14, 2022. In addition to Mr. Bruce D. Hoechner as the firm’s Pres, CEO & Director, Mr. Ramakumar Mayampurath serves as its Sr. VP, CFO & Treasurer.


Institutional Ownership:

Through their ownership of 91.03% of ROG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.09% of ROG, in contrast to 47.42% held by mutual funds. Shares owned by individuals account for 4.91%. As the largest shareholder in ROG with 14.24% of the stake, BlackRock Fund Advisors holds 2,679,358 shares worth 2,679,358. A second-largest stockholder of ROG, The Vanguard Group, Inc., holds 2,043,237 shares, controlling over 10.86% of the firm’s shares. Norges Bank Investment Management is the third largest shareholder in ROG, holding 1,883,930 shares or 10.02% stake. With a 7.37% stake in ROG, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,385,427 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.00% of ROG stock, is the second-largest Mutual Fund holder. It holds 564,938 shares valued at 132.95 million. Vanguard Small Cap Index Fund holds 2.58% of the stake in ROG, owning 485,341 shares worth 114.22 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ROG since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ROG analysts setting a high price target of $277.00 and a low target of $277.00, the average target price over the next 12 months is $277.00. Based on these targets, ROG could surge 155.98% to reach the target high and rise by 155.98% to reach the target low. Reaching the average price target will result in a growth of 155.98% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ROG will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $5.35 being high and $5.35 being low. For ROG, this leads to a yearly average estimate of $5.35. The surprise factor in the prior quarter was -$0.21. Based on analyst estimates, the high estimate for the next quarter is $1.27 and the low estimate is $1.27. The average estimate for the next quarter is thus $1.27.

Summary of Insider Activity:

Insiders traded ROG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 75,572 while 26,946 shares were sold.

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