Roivant Sciences Ltd (NASDAQ:ROIV) shares, rose in value on Thursday, December 12, with the stock price down by -1.90% to the previous day’s close as strong demand from buyers drove the stock to $11.88.
Actively observing the price movement in the last trading, the stock closed the session at $12.11, falling within a range of $11.88 and $12.12. The value of beta (5-year monthly) was 1.243 whereas the PE ratio was 2.10 over 12-month period. Referring to stock’s 52-week performance, its high was $13.06, and the low was $9.69. On the whole, ROIV has fluctuated by 2.06% over the past month.
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With the market capitalization of Roivant Sciences Ltd currently standing at about $8.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ROIV’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ROIV currently trading nearly -1.48% and 0.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.37, while the 7-day volatility ratio is showing 2.17% which for the 30-day chart, stands at 2.83%. Furthermore, Roivant Sciences Ltd (ROIV)’s beta value is 1.26, and its average true range (ATR) is 0.31.
A comparison of Roivant Sciences Ltd (ROIV) with its peers suggests the former has fared considerably weaker in the market. ROIV showed an intraday change of -1.90% in last session, and over the past year, it grew by 14.78%%.
Data on historical trading for Roivant Sciences Ltd (NASDAQ:ROIV) indicates that the trading volumes over the past 10 days have averaged 3.78 and over the past 3 months, they’ve averaged 5.96 million. According to company’s latest data on outstanding shares, there are 733.33 million shares outstanding.
Nearly 47.68% of Roivant Sciences Ltd’s shares belong to company insiders and institutional investors own 67.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47.81 million shares as on 2024-11-29, resulting in a short ratio of 9.58. According to the data, the short interest in Roivant Sciences Ltd (ROIV) stood at 875.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 46.57 million. The stock has risen by 5.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ROIV stock heading into the next quarter.
