With 3.35 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.59 million shares. The 52-week range on ROIV shows that it touched its highest point at $13.06 and its lowest point at $9.76 during that stretch. It currently has a 1-year price target of $16.00. Beta for the stock currently stands at 1.25.
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 ROIV was up-trending over the past week, with a rise of 2.12%, but this was down by -2.21% over a month. Three-month performance dropped to -15.06% while six-month performance fell -9.94%. The stock lost -7.67% in the past year, while it has lost -10.40% so far this year. A look at the trailing 12-month EPS for ROIV yields -0.14 with Next year EPS estimates of -1.12. For the next quarter, that number is -0.26. This implies an EPS growth rate of -105.88% for this year and -263.90% for next year.
Float and Shares Shorts:
At present, 719.63 million ROIV shares are outstanding with a float of 442.76 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ROIV since 7 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.41476 being high and $4.97965 being low. For ROIV, this leads to a yearly average estimate of $5.22138. Based on analyst estimates, the high estimate for the next quarter is -$0.22 and the low estimate is -$0.27. The average estimate for the next quarter is thus -$0.25.
