Root Inc (NASDAQ:ROOT) shares, rose in value on Friday, March 28, with the stock price down by -8.06% to the previous day’s close as strong demand from buyers drove the stock to $136.93.
Actively observing the price movement in the last trading, the stock closed the session at $148.94, falling within a range of $135.03 and $149.44. The value of beta (5-year monthly) was 2.49 whereas the PE ratio was 87.48 over 12-month period. Referring to stock’s 52-week performance, its high was $181.14, and the low was $34.04. On the whole, ROOT has fluctuated by 10.47% over the past month.
With the market capitalization of Root Inc currently standing at about $2.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.25B, with a low estimate of 294.3M and a high estimate of 315.27M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 305.24M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ROOT’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 ROOT currently trading nearly -5.86% and 13.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.80, while the 7-day volatility ratio is showing 10.94% which for the 30-day chart, stands at 11.15%. Furthermore, Root Inc (ROOT)’s beta value is 2.39, and its average true range (ATR) is 14.37.
A comparison of Root Inc (ROOT) with its peers suggests the former has fared considerably weaker in the market. ROOT showed an intraday change of -8.06% in last session, and over the past year, it grew by 134.57%%.
Data on historical trading for Root Inc (NASDAQ:ROOT) indicates that the trading volumes over the past 10 days have averaged 0.74 and over the past 3 months, they’ve averaged 597.57K. According to company’s latest data on outstanding shares, there are 11.10 million shares outstanding.
Nearly 46.57% of Root Inc’s shares belong to company insiders and institutional investors own 32.89% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.4 million shares as on 2025-03-14, resulting in a short ratio of 1.6. According to the data, the short interest in Root Inc (ROOT) stood at 1310.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.67 million. The stock has risen by 88.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ROOT stock heading into the next quarter.
