So Far This Year, Romeo Power Inc. (RMO) Reached A New High 1 time

As of Friday close, Romeo Power Inc.’s (NYSE:RMO) stock was up $0.05, moving up 5.22 percent to $0.96. The average number of shares traded per day over the past five days has been 5,293,840 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2141 fall in that time frame. In the last twenty days, the average volume was 4,482,955, while in the previous 50 days, it was 7,002,446.

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Since last month, RMO stock retreated -25.90%. Shares of the company fell to $0.8501 on 05/12/22, the lowest level in the past month. A 52-week high of $10.74 was reached on 01/03/22 after having rallying from a 52-week low of $0.85. Since the beginning of this year, RMO’s stock price has dropped by -73.81% or -$2.6941, and marked a new high 1 time. However, the stock has declined by -91.10% since its 52-week high.

Romeo Power Inc. (RMO) last reported insider trading activity 74 days ago on Mar 01. BORGWARNER INC, the 10% Owner of the company, disposed of 1,654,954 shares for $1.71 on Mar 01. It resulted in a $2,834,274 divestment by the insider. BORGWARNER INC sold 1,420,046 shares at an average price of $1.80 on Feb 28. The insider now owns 13,559,954 shares following the transaction. On Feb 25, 10% Owner BORGWARNER INC sold 1,045,000 shares at $1.82 apiece. The transaction was valued at $1,897,198.

Valuation Metrics

Right now, Romeo Power Inc. (RMO) has a P/E ratio of about 13.09. Besides these, the trailing price-to-sales (P/S) ratio of 8.38, the price-to-book (PB) ratio of 0.46.

Financial Health

In the three months ended September 29, Romeo Power Inc.’s quick ratio stood at 6.00, while its current ratio was 7.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.01, and the total debt-to-equity ratio was 0.01. Based on annual data, RMO earned -$21.35 million in gross profit and brought in $16.8 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -40.30%. Return on equity (ROE) for the past 12 months was 3.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RMO’s revenue rose 90.92% to $9.07 million during the quarter, while net income inched up to $11.57 million. While analysts expected Romeo Power Inc. to report -$0.28 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by 53.60%. During the quarter, the company generated -$80.79 million in EBITDA. The liabilities of Romeo Power Inc. were 63.22 million at the end of its most recent quarter ended September 29, and its total debt was $6.55 million. The value of shareholders’ equity is $151.23 million.

Technical Picture

This quick technical analysis looks at Romeo Power Inc.’s (RMO) price momentum. With a historical volatility rate of 105.99%, the RSI 9-day stood at 36.83% on 13 May.

With respect to its five-day moving average, the current Romeo Power Inc. price is down by -18.30% percent or -$0.2141. At present, RMO shares trade -24.13% below its 20-day simple moving average and -75.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -35.85% below its SMA50 and -86.21% below its SMA200.

Stochastic coefficient K was 16.48% and Stochastic coefficient D was 17.97%, while ATR was 0.1270. Given the Stochastic reading of 26.46% for the 14-day period, the RSI (14) reading has been calculated as 37.21%. As of today, the MACD Oscillator reading stands at -0.1468, while the 14-day reading stands at -0.1754.

Analyst Ratings

Romeo Power Inc. downgraded its rating on Romeo Power Inc. (NYSE: RMO) to a Neutral in a note to investors on March 02, 2022. The analysts firm previously had a Buy rating on the stock.Romeo Power Inc. (RMO) has been rated Hold by analysts. According to 0 brokerage firms, RMO is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Romeo Power Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $1.80, the current consensus forecast for the stock is $1.80 – $1.80. Based on these forecasts, analysts predict Romeo Power Inc. (RMO) will achieve an average price target of $1.80.


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