At the last check on Friday, Retail Opportunity Investments Corp.’s (NASDAQ:ROIC) stock was up $0.08, moving up 0.57 percent to $15.06. The average number of shares traded per day over the past five days has been 936,446 shares. 3 times new highs have been achieved over the past 5 days, with a $0.40 gain in that time frame. In the last twenty days, the average volume was 988,881, while in the previous 50 days, it was 1,017,041.
Since last month, ROIC stock rose 11.76%. Shares of the company fell to $13.18 on 07/06/23, the lowest level in the past month. A 52-week high of $18.78 was reached on 02/02/23 after having rallying from a 52-week low of $11.97. Since the beginning of this year, ROIC’s stock price has risen by 0.23% or $0.05, and marked a new high 8 times. However, the stock has declined by -19.78% since its 52-week high.
ROIC stock investors should be aware that Retail Opportunity Investments Corp. (ROIC) stock had its last reported insider trading activity 150 days ago on Mar 07. POMERANTZ LAURA H, the Director of the company, disposed of 10,800 shares for $13.78 on Mar 07. It resulted in a $148,789 divestment by the insider. POMERANTZ LAURA H sold 6,425 shares at an average price of $15.55 on Dec 12. The insider now owns 59,704 shares following the transaction.
Valuation Metrics
Right now, Retail Opportunity Investments Corp. (ROIC) has a P/E ratio of about 43.17. The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 5.88, the price-to-book (PB) ratio of 1.46.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.06, and the total debt-to-equity ratio was 1.06. On the profitability front, the trailing twelve-month gross margin is 83.10% percent. In the recent year, operating margins totaled 36.00%. Based on annual data, ROIC earned $114.69 million in gross profit and brought in $312.93 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 4.30%. Return on equity (ROE) for the past 12 months was 3.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ROIC’s revenue rose 4.64% to $79.3 million during the quarter, while net income inched up to $82.04 million. During the quarter, the company generated $55.19 million in EBITDA. The value of shareholders’ equity is $126.0 million.
Technical Picture
This quick technical analysis looks at Retail Opportunity Investments Corp.’s (ROIC) price momentum. With a historical volatility rate of 17.30%, the RSI 9-day stood at 76.77% on 03 August.
With respect to its five-day moving average, the current Retail Opportunity Investments Corp. price is up by +2.76% percent or $0.40. At present, ROIC shares trade +11.58% above its 20-day simple moving average and +14.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.70% above its SMA50 and +8.06% above its SMA200.
Stochastic coefficient K was 95.75% and Stochastic coefficient D was 92.39%, while ATR was 0.28. Given the Stochastic reading of 92.76% for the 14-day period, the RSI (14) reading has been calculated as 73.80%. As of today, the MACD Oscillator reading stands at 0.28, while the 14-day reading stands at 0.42.
Analyst Ratings
Wells Fargo launched its rating on Retail Opportunity Investments Corp. (NASDAQ: ROIC) to an Overweight in a note to investors on May 24, 2023. Retail Opportunity Investments Corp. (ROIC) has been rated Hold by analysts. According to 0 brokerage firms, ROIC is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Retail Opportunity Investments Corp. stock as buy, with 2 recommending it as overweight.
With a median target price of $15.25, the current consensus forecast for the stock is $14.00 – $17.00. Based on these forecasts, analysts predict Retail Opportunity Investments Corp. (ROIC) will achieve an average price target of $15.42.
