Currently, there are 760.14M common shares owned by the public and among those 551.48M shares have been available to trade.
The company’s stock has a 5-day price change of 5.00% and 7.85% over the past three months. ROIV shares are trading -0.89% year to date (YTD), with the 12-month market performance up to 32.03% higher. It has a 12-month low price of $8.06 and touched a high of $13.24 over the same period. ROIV has an average intraday trading volume of 7.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.36%, 1.75%, and 4.60% respectively.
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Institutional ownership of Roivant Sciences Ltd (NASDAQ: ROIV) shares accounts for 50.92% of the company’s 760.14M shares outstanding.
It has a market capitalization of $8.97B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 2.14, while the earnings-per-share (ttm) stands at $5.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 3.44% over the month.
Analysts forecast that Roivant Sciences Ltd (ROIV) will achieve an EPS of -$0.31 for the current quarter, -$0.46 for the next quarter and -$1.33 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.37 while analysts give the company a high EPS estimate of -$0.23. Comparatively, EPS for the current quarter was -$0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 550.87%, and -122.64% over the next financial year.
Looking at the support for the ROIV, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on February 15, 2024, with the firm’s price target at $17. Piper Sandler coverage for the Roivant Sciences Ltd (ROIV) stock in a research note released on January 05, 2024 offered a Overweight rating with a price target of $20. Deutsche Bank was of a view on December 12, 2023 that the stock is Buy, while Guggenheim gave the stock Buy rating on October 17, 2023, issuing a price target of $17. BofA Securities on their part issued Neutral rating on June 08, 2023.
