Roivant Sciences Ltd (NASDAQ:ROIV) shares traded 0.25% higher at $11.90 on Wall Street last session.
ROIV stock price is now 2.58% away from the 50-day moving average and 7.50% 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, QVT Financial LP, Director by Deputization sold 876,000 shares of the company’s stock on Sep 26 ’24. The stock was sold for $10,354,320 at an average price of $11.82. Upon completion of the transaction, the Director by Deputization now directly owns 22,179,358 shares in the company, valued at $263.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 25 ’24, Director by Deputization QVT Financial LP sold 50,000 shares of the business’s stock. A total of $588,500 was realized by selling the stock at an average price of $11.77. This leaves the insider owning 23,055,358 shares of the company worth $274.36 million. A total of 49.13% 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 $13.06. 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 $11.6006 and a two-hundred day moving average price translates $11.0699 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.
