With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.71 million shares. The 52-week range on ROOT shows that it touched its highest point at $181.14 and its lowest point at $34.04 during that stretch. It currently has a 1-year price target of $131.80. Beta for the stock currently stands at 2.41.
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 ROOT was up-trending over the past week, with a rise of 3.03%, but this was up by 14.40% over a month. Three-month performance surged to 31.59% while six-month performance rose 107.69%. The stock gained 134.11% in the past year, while it has gained 103.09% so far this year. A look at the trailing 12-month EPS for ROOT yields 3.01 with Next year EPS estimates of 1.83. For the next quarter, that number is 0.17. This implies an EPS growth rate of -49.06% for this year and 95.84% for next year.
Float and Shares Shorts:
At present, 11.20 million ROOT shares are outstanding with a float of 7.68 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 ROOT since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 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 -$0.05097928 being high and -$0.06402278 being low. For ROOT, this leads to a yearly average estimate of -$0.0561.
