Root Inc

Company Profile

Root Inc had its IPO on 2020-10-28 under the ticker symbol ROOT.

The company operates in the Financial Services sector and Insurance-Property & Casualty industry. Root Inc has a staff strength of 765 employees.

Stock update

Shares of Root Inc opened at $11.46 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $11.18 - $11.71, and closed at $11.23.

This is a -2.52% slip from the previous day's closing price.

A total volume of 56,099 shares were traded at the close of the day’s session.

In the last one week, shares of Root Inc have slipped by -4.83%.

Root Inc's Key Ratios

Root Inc has a market cap of $173.27 million, indicating a price to book ratio of 0.2386 and a price to sales ratio of 0.2102.

In the last 12-months Root Inc’s revenue was $289.90 million with a gross profit of $-40200000 and an EBITDA of $-135200000. The EBITDA ratio measures Root Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Root Inc’s operating margin was -49.67% while its return on assets stood at -6.73% with a return of equity of -48.96%.

In Q2, Root Inc’s quarterly earnings growth was a positive 0% while revenue growth was a negative 7%.

Root Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-14.34 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Root Inc’s profitability.

Root Inc stock is trading at a EV to sales ratio of 0.6573 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.2102.

Root Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.19 billion

Total Liabilities

$128.20 million

Operating Cash Flow

$-40100000.00

Capital Expenditure

$2.80 million

Dividend Payout Ratio

0%

Root Inc ended 2024 with $1.19 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.19 billion while shareholder equity stood at $214.40 million.

Root Inc ended 2024 with $0 in deferred long-term liabilities, $128.20 million in other current liabilities, 1645400000.00 in common stock, $-1645400000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $628.00 million and cash and short-term investments were $790.70 million. The company’s total short-term debt was $0 while long-term debt stood at $297.40 million.

Root Inc’s total current assets stands at $758.30 million while long-term investments were $167.10 million and short-term investments were $162.70 million. Its net receivables were $257.80 million compared to accounts payable of $128.20 million and inventory worth $0.

In 2024, Root Inc's operating cash flow was $-40100000.00 while its capital expenditure stood at $2.80 million.

Comparatively, Root Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$11.23

52-Week High

$14.8

52-Week Low

$3.31

Analyst Target Price

$7.37

Root Inc stock is currently trading at $11.23 per share. It touched a 52-week high of $14.8 and a 52-week low of $14.8. Analysts tracking the stock have a 12-month average target price of $7.37.

Its 50-day moving average was $10.4 and 200-day moving average was $6.63 The short ratio stood at 5.49 indicating a short percent outstanding of 0%.

Around 1671.5% of the company’s stock are held by insiders while 6288.4% are held by institutions.