Root Inc. (ROOT): What Does Valuation Ratios Tell Us?

Root Inc. (NASDAQ:ROOT) saw a downside of -2.91% to close Friday at $5.00 after subtracting -$0.15 on the day. The 5-day average trading volume is 7,834,740 shares of the company’s common stock. It has gained $5.38 in the past week. An average of 7,792,560 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,247,066.

ROOT’s 1-month performance is -24.47% or -$1.26 on its low of $4.65 reached on 10/06/21. The company’s shares have touched a 52-week low of $4.65 and high of $29.48. YTD, ROOT has lost -68.17% or -$10.71. However, the current price is down -83.04%% from the 52-week high price.

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Insider Transactions

On Jun 01, 132 days have gone by since the last insider trading activity for Root Inc. (ROOT). Manges Daniel (Chief Technology Officer) most recently sold 150,000 shares at $8.80 per share on Jun 01. This transaction cost the insider $1,320,000. Chief Technology Officer, Manges Daniel, sold 150,000 shares at a price of $8.97 on May 17. Then, on Mar 15, Chief Technology Officer Manges Daniel sold 36,427 shares at a price of $11.09 per share. This transaction amounted to $403,975.

Valuation Metrics

Root Inc. (ROOT) has a trailing price-to-earnings (P/E) ratio of 13.00 for the broader industry and 12.89 for the sector.ROOT stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.03 while the price-to-book (PB) in the most recent quarter is 1.63.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.26, while the total debt to equity was 0.26.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected ROOT to announce -$0.5 per share in earnings in its latest quarter, but it posted -$0.72, representing a -44.00% surprise. ROOT stock balance sheet for the quarter ending June 29 shows that, with total debt at $212.4 million

Technical Picture

Let’s look briefly at Root Inc. (ROOT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 34.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 49.30%.

The stock’s 5-day moving average is $5.00, reflecting a -3.29% or -$0.17 change from its current price. ROOT is currently trading -22.00% above its 20-day SMA, -47.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -35.48% and -72.44% respectively.

Stochastic %K and %D was 26.13% and 21.55% and the average true range (ATR) pointed at 0.43. The RSI (14) points at 35.78%, while the 14-day stochastic is at 22.88% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.31 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Root Inc. (NASDAQ: ROOT), Wolfe Research launched coverage with a Peer perform rating. Analysts offering their rating for ROOT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate ROOT as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is ROOT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.00 and a high of $13.00, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for Root Inc. (ROOT) stock is $7.33.


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