Romeo Power Inc. (RMO) saw an uptrend of 9.21% in the recent trading with $20.86 being its most recent. The current price level -46.38% lower than the highest price of $38.90 marked by the stock while trading over the past 52-weeks, whereas it is 119.58% higher than the lowest price of $9.50 the company dropped to over past 52-weeks. The latest news story on RMO appeared in Business Wire under the title “Heritage Environmental Services and Romeo Power Launch Commercial Fleet Electrification Program” on Jan-04-21.
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Squeezing the time span to 30 day period shows us the stock is currently trading -46.38% below one month high and is +29.40% above of the lowest during that time. Looking into the simple moving average, Romeo Power Inc. (RMO)’s stock stands at a SMA-50 of $16.12 while that of 5-day is reading $23.17.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RMO’s SMA-200 as of now is $11.67.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
2 analysts covering the stock at Wall Street were agreed upon that EPS consensus.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 28.75 million. RMO does have institutional investors; and they hold 94.00% or $1189.02 of the stock.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the Romeo Power Inc. And review of current evaluations agreed by the analysts discloses a Buy rating for RMO. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock. Lower value of between 1 and 2 implies a Buy recommendation whereas the value in the range of above 4 suggests Hold while below 1 recommends the investors to Sell the stock. Currently, the stock has been recommended as Strong Buy by 2 of the Wall Street analysts.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, liquidity recorded by Romeo Power Inc. was 2.87 while posting a debt to equity ratio of 0.00.
Company attained a return on equity (ROE) of 0.20% in past 12 months against the same posted by peer companies of the relevant industry.
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term average volume of a stock is an effective way to make use of. When looking into those indicators for Romeo Power Inc. (RMO), we notice that the stock’s 20-day average volume is at 7,113,870 shares and 50% of that short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 4,276,338 shares. And to end with, RMO’s 100-day average volume are 2,413,433 shares with 100% of the long-term indicators pointing towards Buy for the stock.