(ROOT) Root - Ratings and Ratios

Root, Inc. is a US-based insurance provider that leverages a direct-to-consumer model to offer automobile and renters insurance products, primarily through its mobile application and website, as well as other digital channels and partnerships. With its headquarters in Columbus, Ohio, the company has been operating since its incorporation in 2015.

As a Property & Casualty Insurance provider, Root, Inc. has been able to capitalize on its innovative approach to insurance sales, utilizing digital media and independent agents to expand its customer base. The companys focus on mobile applications and digital distribution channels has allowed it to stay competitive in a rapidly evolving industry.

From a technical analysis perspective, ROOTs stock has shown significant volatility, with an Average True Range (ATR) of 9.53, representing a 6.13% daily price movement. The stock is currently trading above its 20-day and 50-day Simple Moving Averages (SMA20 and SMA50), indicating a positive short-term trend. With a 52-week high of $177.69 and a low of $35.83, the stock has demonstrated substantial growth potential.

Using the available and , a forecast for ROOTs stock can be made. With a current price of $155.53 and a Market Cap of $2.33B, the stock appears to be in an upward trend. The P/E ratio of 45.70 and Forward P/E of 6.02 suggest that the stock may be overvalued in the short term but has potential for long-term growth. The RoE of 24.79% indicates that the company is generating strong returns on equity. Based on these factors, a potential price target for ROOT could be $180-$200 in the near term, with a possible retracement to $140-$150 before continuing its upward trend. However, this forecast is subject to change based on future market and economic conditions.

Its worth noting that the support levels for ROOTs stock are at $151.9, $140.8, $128.0, $108.2, $95.3, and $78.4, which can be used as potential buy signals if the stock were to retrace to these levels. Conversely, the stocks 52-week high and SMA20/SMA50 can be used to gauge the stocks momentum and potential for further growth.