How to Buy Root Stock
Root Inc
Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products.
Root stock last closed at $37.59, down 1.73% from the previous day, and has increased 226.3% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 2.05 percentage points. Root stock is currently +420.64% from its 52-week low of $7.22, and -56.58% from its 52-week high of $86.57.
As of Sep 9, 2024, there are 14.4M ROOT shares outstanding. The market capitalization of ROOT is $541.30M. In the past 24 hours, 290,024 ROOT shares were traded.
How to Buy Root Stock
Not sure how to invest in Root stock? Here's how.
- Choose where to buy Root stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you choose where to buy Root stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your information.
- Research Root stock: The Root ticker symbol is ROOT. Is Root stock a good investment? Should you buy shares of ROOT? How do ROOT's underlying business fundamentals look? Do top analysts think Root is a good buy? Why has ROOT's stock price moved recently? (Hint: Our stock market research tools can help you understand if ROOT is a good stock to buy).
- Execute your ROOT buy order: Decide if you will purchase ROOT shares at the current market price or use a limit order to purchase ROOT shares at a particular price.
- Get updates on your investment in ROOT: Create a watchlist to keep track of your new investment in Root shares.
Step 1: Choose where to buy Root stock
You need an online brokerage account to access the NASDAQ market and buy ROOT shares.
Our recommended brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Tech to Healthcare, New York to Tokyo — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you can invest in ROOT stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start your new brokerage account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've opened your account on a investment app, you can securely and quickly fund your account:
Check out the walkthrough below for more details transferring money into your brokerage account.
Step 4: Research Root stock
Once you have decided on the best place to buy Root stock, it's crucial to evaluate their stock prior to buying, so you can wrap your head around the risk and upside.
Root quick stats
Root Fundamentals
WallStreetZen was built to help part-time investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on ROOT's stock page.
Is ROOT stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ROOT's intrinsic value.
Using relative valuations ratios:
- ROOT could be overvalued based on its P/B ratio of 3.58x, relative to Insurance - Property & Casualty industry P/B ratio of 2.42x
You can access additional valuation research on ROOT's stock here.
ROOT Financial Summary
Positive Financial Indicators:
- ROOT profit margin has gone up from -69.8% to -9.8% in the past year.
- ROOT's operating cash flow of $137.80M allows it to safely service it's debt of $300.10M.
Negative Financial Indicators:
- ROOT earnings of -$37.10M is not sufficient to cover its interest payments.
- ROOT has a relatively high debt to equity ratio of 8.15.
Do analysts think it's a good time to buy Root stock
Out of 6 sell side analysts who track ROOT, the consensus analyst rating on Root is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest ROOT Analyst Forecasts
Matthew Carletti, a top 1% analyst from JMP Securities maintains ROOT with a buy rating and raises their ROOT price target from $15.00 to $90.00, on May 1, 2024.
You can dig deeper into what analysts are projecting on the Root stock forecast page.
ROOT Trading Indicators
How are ROOT Revenues/Earnings doing?
Last year, ROOT revenue was $854.20M. In the past 4 year, ROOT's revenue has grown by 18.62% per year. This was faster than the Insurance - Property & Casualty industry average of 11.75%.
Learn more about ROOT's earnings and revenue performance here.
Latest Insiders Trades at ROOT
In the last year, insiders at ROOT have sold more shares than they have bought.
Jonathan Allison, Chief Administrative Officer of ROOT, was the latest ROOT insider to sell. They sold $686.00 worth of ROOT stock on Aug 16, 2024.
Research more about who owns ROOT stock here.
Does ROOT provide a stable income stream?
No, Root doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your ROOT buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your investment in ROOT
Now that you own some shares in ROOT, you'll want to keep up with your new shares.
Make a watchlist to keep track of your ROOT stock.
ROOT Feed
How to Buy Stock in Root
To summarize, here are the 6 steps to buy Root stock:
- Choose where to buy Root stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Root stock
- Execute your ROOT buy order
- Get updates on your investment in ROOT
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Root, add ROOT to your watchlist below.
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