Root Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $85.99 on 04/09/24, while the lowest price for the same period was registered at $3.63 on 04/25/23.
52-week price history of ROOT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Root Inc’s current trading price is -37.53% away from its 52-week high, while its distance from the 52-week low is 1379.89%. The stock’s price range during this period has spanned from $3.63 to $85.99. In the Financial sector, the Root Inc’s shares surpassed a trading volume of approximately 0.67 million for the day, which was noticeably lower compared to the average daily volume of 9.0.76 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Root Inc (ROOT) has experienced a quarterly rise of 474.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 784.31M and boasts a workforce of 680 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 25.99, with a change in price of +44.30. Similarly, Root Inc recorded 531,895 in trading volume during the last 100 days, posting a change of +470.28%.
Examining ROOT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ROOT stands at 1.08. Similarly, the long-term debt-to-equity ratio is also 1.07.
ROOT Stock Stochastic Average
Today’s raw stochastic average for Root Inc over the last 50 days is 59.03%.This indicates a increase from the raw stochastic average of the past 20 days, which was 25.87%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 39.54% and 47.19%, respectively.
ROOT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 412.60%. However, over the last six months, the performance has been weaker by 431.36%. The price of ROOT decreased -9.15% over the last 30 days. And in the last five days, it has fallen by -30.12%.
