Stocks of Roivant Sciences Ltd (NASDAQ:ROIV) traded higher last session on Wall Street, down -0.58% to $11.90.
ROIV stock price is now 4.00% away from the 50-day moving average and 8.27% away from the 200-day moving average. The market capitalization of the company currently stands at $8.80B.
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With the price target of $17, Wolfe Research recently initiated with Outperform rating for Roivant Sciences Ltd (NASDAQ: ROIV). On January 05, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $20, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Gline Matthew, Officer bought 1,983,257 shares of the company’s stock on Sep 23 ’24. The stock was bought for $23,383,088 at an average price of $11.79. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, Officer Kumar Rakhi bought 250,000 shares of the business’s stock. A total of $2,972,360 was incurred on buying the stock at an average price of $11.89. A total of 40.04% of the company’s stock is owned by insiders.
During the past 12 months, Roivant Sciences Ltd has had a low of $8.24 and a high of $13.24. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 27.91, and a quick ratio of 27.75. The fifty day moving average price for ROIV is $11.4538 and a two-hundred day moving average price translates $11.00125 for the stock.
The latest earnings results from Roivant Sciences Ltd (NASDAQ: ROIV) was released for 2024-06-30. The net profit margin was 2991.76% and return on equity was 149.26% for ROIV. The company reported revenue of $55.13 million for the quarter, compared to $21.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 154.96 percent.
