Look At Analyst Expectations For A Better Read On Roivant Sciences Ltd (NASDAQ: ROIV)

Currently, there are 806.68M common shares owned by the public and among those 508.37M shares have been available to trade.

The company’s stock has a 5-day price change of -1.11% and 4.19% over the past three months. ROIV shares are trading -4.81% year to date (YTD), with the 12-month market performance up to 12.17% higher. It has a 12-month low price of $8.24 and touched a high of $13.24 over the same period. ROIV has an average intraday trading volume of 6.54 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 -0.52%, -2.30%, and 1.07% respectively.

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Institutional ownership of Roivant Sciences Ltd (NASDAQ: ROIV) shares accounts for 60.31% of the company’s 806.68M shares outstanding.

It has a market capitalization of $7.90B and a beta (3y monthly) value of 1.25. The stock’s trailing 12-month PE ratio is 2.11, while the earnings-per-share (ttm) stands at $5.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.06% over the week and 3.19% over the month.

Earnings per share for the fiscal year are expected to decrease by -120.01%, and -6.76% 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.

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