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Root (ROOT)
NASDAQ:ROOT
Root (ROOT) Stock Price & Analysis
872 Followers
ROOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.29 - $86.57
Previous Close$65.58
Volume614.18K
Average Volume (3M)956.14K
Market Cap
$979.47M
Enterprise Value$979.47M
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)-8.4
Beta2.04
Next Earnings
Aug 06, 2024EPS Estimate
-$1.76Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-7.78
Shares Outstanding14,900,000
10 Day Avg. Volume521,661
30 Day Avg. Volume956,143
Standard Deviation0.54
R-Squared0.07
Alpha-0.00339
Financial Highlights & Ratios
Price to Book (P/B)23.49
Price to Sales (P/S)1.43
Price to Cash Flow (P/CF)5.00
P/FCF Ratio4.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.15
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-25.64
Forecast
1Y Price Target
$60.50Price Target Upside-7.75% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Root News
PremiumPress Releases
Root, Inc. Announces 2024 First Quarter Results
PremiumCompany Announcements
Root, Inc. Welcomes Ryan Forish as New Chief Accounting Officer
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRoot's demonstrated ability to manage cash flow, with a substantial unencumbered cash position, suggests financial resilience and the potential for strategic investments or shareholder returns.
Innovative TechnologyRoot's proprietary telematics and machine learning algorithms provide a competitive edge in pricing risk more accurately, which could lead to market share gains and long-term customer retention.
Operational EfficiencyThe company's strategy to optimize marketing spend and operational costs is yielding positive outcomes, reflecting a savvy management team poised to enhance profitability.
Bears Say
Company GuidanceDespite improvements, the company continues to operate at a loss and did not provide detailed financial guidance for the upcoming year.
Financial PerformanceUpcoming expenses related to vesting tax liabilities could impact general and administrative costs.
Market CompetitionGrowth is expected to moderate due to increased competition and seasonality.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
ROOT FAQ
What was Root’s price range in the past 12 months?
Root lowest stock price was $4.29 and its highest was $86.57 in the past 12 months.
What is Root’s market cap?
Currently, no data Available
When is Root’s upcoming earnings report date?
Root’s upcoming earnings report date is Aug 06, 2024 which is in 80 days.
How were Root’s earnings last quarter?
Root released its earnings results on Apr 30, 2024. The company reported -$0.42 earnings per share for the quarter, beating the consensus estimate of -$2.442 by $2.022.
Is Root overvalued?
According to Wall Street analysts Root’s price is currently Overvalued.
Does Root pay dividends?
Root does not currently pay dividends.
What is Root’s EPS estimate?
Root’s EPS estimate is -$1.76.
How many shares outstanding does Root have?
Root has 9,935,526 shares outstanding.
What happened to Root’s price movement after its last earnings report?
Root reported an EPS of -$0.42 in its last earnings report, beating expectations of -$2.442. Following the earnings report the stock price went up 0.373%.
Which hedge fund is a major shareholder of Root?
Among the largest hedge funds holding Root’s share is GMT Capital Corp. It holds Root’s shares valued at N/A.
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Root Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$60.50 (-7.75% Downside)
$60.50 (-7.75% Downside)
Blogger Sentiment
Bullish
ROOT Sentiment 71%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 594.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $805.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 3.6%
Last 30 Days ▲ 3.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1286.46%
12-Months-Change
Fundamentals
Return on Equity
-35.59%
Trailing 12-Months
Asset Growth
23.80%
Trailing 12-Months
Company Description
Root
Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. It is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. The company offers renters insurance in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia. It generates revenue from the sale of auto insurance policies within the United States.
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ROOT Earnings Call
Q1 2024
0:00 / 0:00
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ROOT Revenue Breakdown
87.89% Net premiums earned
6.64% Net investment income
5.14% Fee Income
0.00% Net realized gains on investments
0.33% Other
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ROOT Stock 12 Month Forecast
Average Price Target
$60.50
▼(-7.75% Downside)
Technical Analysis
Best Analysts Covering ROOT
1 Year
1 Year Success Rate
7/13 ratings generated profit
1 Year Average Return
+108.99%
reiterated a buy rating 18 days ago
Copying Matthew Carletti's trades and holding each position for 1 Year would result in 53.85% of your transactions generating a profit, with an average return of +108.99% per trade.
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