Does Root Inc. (ROOT) Have A Cheap Price Or Is It Risky?

The stock of Root Inc. (NASDAQ:ROOT) increased by $0.03 on Tuesday to finish at $1.24, up 2.48 percent. The last five days have seen an average of 2,150,160 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$1.8600. The average number of shares traded over the last 20 days was 3,195,935, while the average volume over the last 50 days totaled 3,416,366.

ROOT stock dropped -22.50% since last month. On 05/24/22, the company’s shares reached a one-month low of $1.1100. The stock touched a high of $14.70 on 01/03/22, after rallying from a low of $1.14 in 52 weeks. The price of ROOT stock has declined by -60.00% or -$1.8600 this year, reaching a new high 1 time. Still, the stock price is down -91.56% from the 52-week high.

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Insider Transactions

There have been 72 days since Root Inc. (ROOT) last reported insider trading activity on Mar 14. On Mar 14, Ch.Rev.Ofc, COO, CFO Rosenthal Daniel H acquired 100,000 shares at $1.52 each. This transaction resulted in the insider spending $151,810. On Mar 01, Hilsheimer Lawrence A. added 28,735 shares at a price of US$1.75. After the transaction, the insider now owns 70,082 shares. Chief Product Officer Shah Hemal had earlier sold 41,666 shares on Nov 15 for $5.12 a share. The transaction was completed for $213,330.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.62, and the total debt to equity ratio is 0.62.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROOT’s return on assets (ROA) during the last 12 months has been -33.20%. There was a -93.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -82.90%.

Earnings Surprise

According to Root Inc.’s quarterly financial report for the quarter that ended March 30. Net income for the quarter came in at $85.4 million, while revenues rose by 19.67% to $93.2 million. It was predicted that Root Inc.’s quarterly earnings would be -$0.27, but it ended up being -$0.41, beating the consensus by 34.10%. At the end of Root Inc.’s most recent quarter ended March 30, its total debt was $290.8 million.

Technical Picture

Here’s a quick look at Root Inc.’s (ROOT) price momentum from a technical perspective. As of 24 May, the RSI 9-day stood at 36.15%, suggesting the stock is Neutral, with a 96.66% historical volatility rate.

The stochastic %K and %D were 14.94% and 17.37% respectively, while the average true range (ATR) was 0.1510. Based on the 14-day stochastic reading of 17.33%, the RSI (14) reading is 37.54%. On the 9-day MACD Oscillator, the stock is at -0.0356, and the 14-day reading is at -0.1069.

Analyst Ratings

In its analyst report released on November 19, 2021, Jefferies began covering Root Inc. (NASDAQ: ROOT). The stock was rated as a Hold by the brokerage firm.


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