How Retail Opportunity Investments Corp. (ROIC) Works From A Technical Perspective

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Retail Opportunity Investments Corp. (NASDAQ:ROIC) finished Friday with a subtraction of -$0.09 to close at $15.03, a downside of -0.60 percent. An average of 611,720 shares of common stock have been traded in the last five days. There was a gain of $0.18 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,102,400 shares traded, while the 50-day average volume stands at 1,019,074.

ROIC stock has decreased by -1.44% in the last month. The company shares reached their 1-month lowest point of $14.53 on 12/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $13.35 and a high of $20.09 in 52 weeks. It has reached a new high 2 times so far this year and lost -23.32% or -$4.57 in price. In spite of this, the price is down -25.19% from the 52-week high.

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Insider Transactions

ROIC stock investors should be aware that Retail Opportunity Investments Corp. (ROIC) stock had its last reported insider trading activity 19 days ago on Dec 12.

Valuation Metrics

Retail Opportunity Investments Corp. (ROIC) has a trailing price-to-earnings (P/E) ratio of 39.87. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.06, the price-to-book (PB) ratio at 1.43, and the price-to-cash flow ratio at 45.25.

The company has a payout ratio of 128.50%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year. Its latest increase dividend $0.02 reported on Tuesday July 26 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.04 and a total debt to equity ratio of 1.04 for the quarter ending September 29. Its gross profit as reported stood at $114.89 million compared to revenue of $284.1 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, Retail Opportunity Investments Corp.’s return on assets was 1.70%.

Earnings Surprise

For the three-month period that ended September 29, Retail Opportunity Investments Corp. had $0.5 million in cash and short-term investments compared to $61.13 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $18.52 million in the quarter, while revenues of $11.51 million were shrunk -13.93%. The analyst consensus anticipated Retail Opportunity Investments Corp.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.15, a 66.70% surprise. For the quarter, EBITDA amounted to $59.78 million. At the end of the quarter ending September 29, Retail Opportunity Investments Corp.’s stock balance sheet showed total debt was $1.36 billion. Shareholders own equity worth $124.54 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Retail Opportunity Investments Corp. (ROIC) price momentum. RSI 9-day as of the close on 30 December was 48.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.70%.

As of today, ROIC’s price is $15.03 +1.21% or $0.18 from its 5-day moving average. ROIC is currently trading -0.60% lower than its 20-day SMA and -13.47% lower than its 100-day SMA. However, the stock’s current price level is +10.35% above the SMA50 and -20.48% below the SMA200.

The stochastic %K and %D were 28.86% and 29.27%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 30.49% and the average true range at 0.37, the RSI (14) stands at 49.43%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

Citigroup downgraded Retail Opportunity Investments Corp. (NASDAQ: ROIC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Retail Opportunity Investments Corp. (ROIC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ROIC, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 2 others rate it as a “buy”.

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