Retail Opportunity Investments Corp. (NASDAQ:ROIC) finished Friday with a subtraction of -$0.19 to close at $13.07, a downside of -1.43 percent. An average of 1,074,660 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 974,100 shares traded, while the 50-day average volume stands at 1,008,850.
ROIC stock has decreased by -9.92% in the last month. The company shares reached their 1-month lowest point of $12.98 on 08/23/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $11.97 and a high of $17.84 in 52 weeks. It has reached a new high 8 times so far this year and lost -13.04% or -$1.96 in price. In spite of this, the price is down -26.74% 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 172 days ago on Mar 07. In this transaction, the insider spent $148,789. Director, POMERANTZ LAURA H, disposed of 6,425 shares at a price of $15.55 on Dec 12. The insider now owns more than $99,940 worth of shares.
Valuation Metrics
Retail Opportunity Investments Corp. (ROIC) has a trailing price-to-earnings (P/E) ratio of 37.45. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.17, the price-to-book (PB) ratio at 1.27, and the price-to-cash flow ratio at 46.40.
Financial Health
Further, the company has a long term debt to equity ratio of 1.06 and a total debt to equity ratio of 1.06 for the quarter ending June 29. Its gross profit as reported stood at $114.69 million compared to revenue of $312.93 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 1.50%.
Earnings Surprise
For the three-month period that ended June 29, Retail Opportunity Investments Corp. had $60.49 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $9.93 million in the quarter, while revenues of $8.14 million were shrunk -15.91%. The analyst consensus anticipated Retail Opportunity Investments Corp.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.08, a 14.30% surprise. For the quarter, EBITDA amounted to $55.19 million. At the end of the quarter ending June 29, Retail Opportunity Investments Corp.’s stock balance sheet showed total debt was $1.39 billion. Shareholders own equity worth $126.0 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 25 August was 26.23%, suggesting the stock is oversold, with historical volatility in this time frame at 18.50%.
As of today, ROIC’s price is $13.13 -2.61% or -$0.35 from its 5-day moving average. ROIC is currently trading -10.91% lower than its 20-day SMA and -4.67% lower than its 100-day SMA. However, the stock’s current price level is -2.83% below the SMA50 and -8.86% below the SMA200.
The stochastic %K and %D were 9.15% and 7.10%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 4.44% and the average true range at 0.30, the RSI (14) stands at 31.94%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.64.
Analyst Ratings
Wells Fargo launched coverage on Retail Opportunity Investments Corp. (NASDAQ: ROIC) in its analyst report released on May 24, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Retail Opportunity Investments Corp. (ROIC) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ROIC, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is ROIC’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $17.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Retail Opportunity Investments Corp. (ROIC) stock is $15.57.
