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Root (ROOT) stock forecast for 2024
Updated: April 18, 2024 (06:01)
Sector: FinancialThe share price of Root, Inc. (ROOT) now
50/200 Day Moving Average: $41.13 / $17.8
This figure corresponds to the Average Price over the previous 50/200 days. For Root stocks, the 50-day moving average is the resistance level today.
For Root stocks, the 200-day moving average is the resistance level today.
Are you interested in Root, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Root stock price in 2024. How much will one Root share be worth in 2024? Is it worth taking profit / loss on ROOT stock now or waiting? What are analysts' forecasts for Root stock?
We forecast Root stock performance using neural networks based on historical data on ROOT stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Root, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Root analysts is $31. Today 200 Day Moving Average is the support level (17.8 $). 50 Day Moving Average is the support level (41.13 $).
Historical and forecast chart of Root, Inc. stock
The chart below shows the historical price of Root stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the ROOT stock price can be found in the table below.
Root is the parent company of Root Insurance, the first licensed insurance operator in the United States to operate entirely on a mobile basis. Provides a mobile telematics and technology platform for tracking individual risks based on complex behavioral data and customer experiences. Founded in March 2015, headquartered in Columbus, Ohio.
Root (ROOT) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 56.79 | 53.99 | 60.26 | 10.41 % |
| Jun | 53.99 | 50.97 | 55.46 | 8.10 % |
| Jul | 52.86 | 50.46 | 54.31 | 7.09 % |
| Aug | 55.20 | 52.26 | 59.29 | 11.86 % |
| Sep | 54.41 | 48.75 | 59.58 | 18.17 % |
| Oct | 53.49 | 51.68 | 56.06 | 7.81 % |
| Nov | 56.90 | 55.42 | 58.67 | 5.55 % |
| Dec | 60.15 | 54.91 | 65.39 | 16.02 % |
Root information and performance
80 E RICH STREET, SUITE 500, COLUMBUS, OH, US
Market capitalization of the Root, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of ROOT shares in the company outstanding by the market price of one share.
EBITDA of Root is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Root price target for 2024 by month
Target values for the price of one Root share for May 2024.
In May, the Positive dynamics for Root, Inc. shares will prevail with possible monthly volatility of 10.414% volatility is expected.
Pessimistic target level: 53.99
Optimistic target level: 60.26
Target values for the price of one Root share for Jun 2024.
In Jun, the Negative dynamics for Root, Inc. shares will prevail with possible monthly volatility of 8.099% volatility is expected.
Pessimistic target level: 50.97
Optimistic target level: 55.46
Target values for the price of one Root share for Jul 2024.
In Jul, the Negative dynamics for Root, Inc. shares will prevail with possible monthly volatility of 7.086% volatility is expected.
Pessimistic target level: 50.46
Optimistic target level: 54.31
Target values for the price of one Root share for Aug 2024.
In Aug, the Positive dynamics for Root, Inc. shares will prevail with possible monthly volatility of 11.861% volatility is expected.
Pessimistic target level: 52.26
Optimistic target level: 59.29
Target values for the price of one Root share for Sep 2024.
In Sep, the Negative dynamics for Root, Inc. shares will prevail with possible monthly volatility of 18.166% volatility is expected.
Pessimistic target level: 48.75
Optimistic target level: 59.58
Target values for the price of one Root share for Oct 2024.
In Oct, the Negative dynamics for Root, Inc. shares will prevail with possible monthly volatility of 7.814% volatility is expected.
Pessimistic target level: 51.68
Optimistic target level: 56.06
Target values for the price of one Root share for Nov 2024.
In Nov, the Positive dynamics for Root, Inc. shares will prevail with possible monthly volatility of 5.547% volatility is expected.
Pessimistic target level: 55.42
Optimistic target level: 58.67
Target values for the price of one Root share for Dec 2024.
In Dec, the Positive dynamics for Root, Inc. shares will prevail with possible monthly volatility of 16.024% volatility is expected.
Pessimistic target level: 54.91
Optimistic target level: 65.39
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