As of Wednesday close, Rover Group Inc.’s (NASDAQ:ROVR) stock was up $0.03, moving up 0.47 percent to $6.43. The average number of shares traded per day over the past five days has been 1,136,940 shares. 4 times new highs have been achieved over the past 5 days, with a $0.19 gain in that time frame. In the last twenty days, the average volume was 1,694,995, while in the previous 50 days, it was 1,233,840.
Since last month, ROVR stock rose 29.90%. Shares of the company fell to $4.89 on 07/20/23, the lowest level in the past month. A 52-week high of $7.00 was reached on 08/02/23 after having rallying from a 52-week low of $3.14. Since the beginning of this year, ROVR’s stock price has risen by 75.20% or $2.76, and marked a new high 17 times. However, the stock has declined by -8.14% since its 52-week high.
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ROVR stock investors should be aware that Rover Group Inc. (ROVR) stock had its last reported insider trading activity 9 days ago on Aug 08. TURNER BRENTON R., the President & COO of the company, disposed of 20,000 shares for $6.49 on Aug 08. It resulted in a $129,873 divestment by the insider. TURNER BRENTON R. sold 30,000 shares at an average price of $6.49 on Aug 07. The insider now owns 1,175,046 shares following the transaction. On Aug 07, Chief Financial Officer Wickers Charles sold 24,448 shares at $6.49 apiece. The transaction was valued at $158,676.
Valuation Metrics
The stock’s beta is 1.44. Besides these, the trailing price-to-sales (P/S) ratio of 5.87, the price-to-book (PB) ratio of 3.99.
Financial Health
In the three months ended June 29, Rover Group Inc.’s quick ratio stood at 2.80, while its current ratio was 2.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.20% percent. In the year ended June 29, EBITDA margin amounted to 2.51%, whereas operating margins totaled -12.90%. Based on annual data, ROVR earned $132.95 million in gross profit and brought in $174.01 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 -9.70%. Return on equity (ROE) for the past 12 months was -5.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ROVR’s revenue rose 25.9% to $41.12 million during the quarter, while net income inched up to $58.53 million. While analysts expected Rover Group Inc. to report -$0.01 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $5.98 million in EBITDA. The liabilities of Rover Group Inc. were 148.29 million at the end of its most recent quarter ended June 29, and its total debt was $23.26 million. The value of shareholders’ equity is $181.88 million.
Technical Picture
This quick technical analysis looks at Rover Group Inc.’s (ROVR) price momentum. With a historical volatility rate of 35.98%, the RSI 9-day stood at 69.55% on 16 August.
With respect to its five-day moving average, the current Rover Group Inc. price is up by +3.04% percent or $0.19. At present, ROVR shares trade +29.64% above its 20-day simple moving average and +50.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +39.18% above its SMA50 and +47.14% above its SMA200.
Stochastic coefficient K was 64.19% and Stochastic coefficient D was 62.80%, while ATR was 0.24. Given the Stochastic reading of 66.07% for the 14-day period, the RSI (14) reading has been calculated as 70.07%.
Analyst Ratings
Rover Group Inc. downgraded its rating on Rover Group Inc. (NASDAQ: ROVR) to a Hold in a note to investors on August 09, 2022. The analysts firm previously had a Buy rating on the stock.Rover Group Inc. (ROVR) has been rated Overweight by analysts. According to 0 brokerage firms, ROVR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Rover Group Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $6.00 – $8.00. Based on these forecasts, analysts predict Rover Group Inc. (ROVR) will achieve an average price target of $6.86.
