Romeo Power Inc. (NYSE:RMO) finished Wednesday with an addition of $0.18 to close at $4.94, an upside of 3.78 percent. An average of 1,984,440 shares of common stock have been traded in the last five days. There was a gain of $0.31 in the past week. The last 20 days have seen an average of 4,464,165 shares traded, while the 50-day average volume stands at 5,455,634.
RMO stock has increased by 4.00% in the last month. The company shares reached their 1-month lowest point of $4.48 on 10/06/21. With the stock rallying to its 52-week high on 01/15/21, shares of the company touched a low of $4.09 and a high of $38.90 in 52 weeks. In spite of this, the price is down -87.30% from the 52-week high.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
107 days have passed since Romeo Power Inc. (RMO) last reported insider trading activity. Patterson Michael, who is Former 10% Owner/ Exec.Officer, most recently acquired $750,000 shares at $8.22 per share on Jun 29. In this transaction, the insider spent $6,167,700. Former 10% Owner/ Exec.Officer, Patterson Michael, disposed of 1,862,399 shares at a price of $8.51 on Jun 28. The insider now owns more than $15,846,002 worth of shares. Prior to that, Chief Operating Officer Choi Criswell went on to Sale 140,000 shares at $8.46 each on May 28. An amount of $1,184,400 was transacted.
Romeo Power Inc. (RMO) has a trailing price-to-earnings (P/E) ratio of 15.11, which compares with the 15.45 for the broader industry and 31.09 for the sector. In the last five years, Romeo Power Inc.’s PE ratio has ranged between 24.58 and 12.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 333.23, the price-to-book (PB) ratio at 2.07.
The quick ratio of Romeo Power Inc. for the three months ended June 29 was 11.00, and the current ratio was 11.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.01 for the quarter ending June 29. Romeo Power Inc.’s EBITDA margin for the year ending June 29 is -357.68%. Its gross profit as reported stood at -$8.99 million compared to revenue of $8.97 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Romeo Power Inc.’s return on assets was 16.20%. For the broader industry, ROE averaged 10.14 over the past year.
For the three-month period that ended June 29, Romeo Power Inc. had $223.64 million in cash. The analyst consensus anticipated Romeo Power Inc.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.22, a -37.50% surprise. For the quarter, EBITDA amounted to -$28.24 million. Shareholders own equity worth $134.06 million.
From a technical analysis perspective, let’s take a brief look at Romeo Power Inc. (RMO) price momentum. RSI 9-day as of the close on 13 October was 54.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.46%.
As of today, RMO’s price is $4.73 +6.70% or $0.31 from its 5-day moving average. RMO is currently trading +2.49% higher than its 20-day SMA and -36.75% lower than its 100-day SMA. However, the stock’s current price level is -27.88% below the SMA50 and -84.53% below the SMA200.
The stochastic %K and %D were 23.66% and 17.47%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 37.10% and the average true range at 0.30, the RSI (14) stands at 49.61%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
Cowen launched coverage on Romeo Power Inc. (NYSE: RMO) in its analyst report released on March 09, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Romeo Power Inc. (RMO) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell RMO, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is RMO’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $12.00, with a median target of $6.85. Taking a look at these predictions, the average price target given by analysts for Romeo Power Inc. (RMO) stock is $7.43.