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 $64.40, up 2.78% from the previous day, and has increased 1,534.52% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 15.14 percentage points. Root stock is currently +1,551.28% from its 52-week low of $3.90, and -25.11% from its 52-week high of $85.99.
At the moment, there are 14.6M ROOT shares outstanding. The market value of ROOT is $940.24M. In the last 24 hours, 318,952 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 tried dozens of online brokerages and apps to help you figure out where to buy Root stock.
Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
Fund your brokerage account: Select your method of payment and add your info.
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 analysis website can help you figure out 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 buy ROOT stock at a particular price.
Get updates on your investment in ROOT: Create a watchlist to important updates regarding your new investment in Root stock.
Step 1: Choose where to buy Root stock
You will need a brokerage account in order to access the NASDAQ market and buy ROOT stock.
A brokerage account enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
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Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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Social investing: eToro offers a community of more than 20 million users globally. 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.
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Step 2: Sign up for a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal information so you can buy ROOT stock today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Research Root stock
Once you have figured out the best place to buy Root stock, it's absolutely critical to analyze their stock prior to buying, so you actually understand the risk as well as the upside.
Root stock quick numbers
ROOT Price
$64.40
1w %
25.19%
1y %
1,534.52%
5y %
N/A
P/E
-6.29x
P/B
5.67x
P/S
2.04x
PEG
N/A
Revenue
$455.00M
Earnings
-$147.40M
Fore. Rev. Growth
45.83%
Fore. Earn. Growth
N/A
Market Cap
$940.24M
Next Earnings
Jun 5, 2024
Next Dividend
N/A
ROOT Zen Score
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
Total ROOT debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
ROOT profit margin has gone up by 0.63 percentage points in the past year, but the company is still unprofitable.
ROOT has a relatively high debt to equity ratio of 6.46.
Is Root stock a Buy, Hold, or Sell, according to analysts?
Out of 6 Equities analysts who research ROOT, the consensus analyst rating on ROOT is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest ROOT Analyst Forecasts
Josh Siegler, a top 1% analyst from Cantor Fitzgerald upgrades ROOT to a strong buy rating and raises their ROOT price target from $9.00 to $13.00, on Feb 22, 2024.
You can dig deeper into what analysts are forecasting on the Root stock forecast page.
ROOT Technicals
SMA10
58.26
SMA20
64.75
SMA50
49.02
SMA100
29.34
SMA200
19.68
MACD
2.25
MACD Signal
3.71
MACD Histogram
-1.47
RSI
57.06
Stochastic %K
35.21
Stochastic %D
29.53
StochRSI %K
33.24
StochRSI %D
25.86
Is ROOT Making Money?
Last year, ROOT revenue was $455.00M. During the past 5 year, ROOT's revenue has grown by 60.07% per year. This was faster than the Insurance - Property & Casualty industry average of 11.77%.
No, Root doesn't provide an income stream by paying out dividends.
What others are saying about ROOT
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your ROOT buy order
You have two main types of orders:
Market order: A market order is an order to buy or sell a security at the best price on the market. Market orders are usually sufficient.
Limit order: A limit order lets you buy or sell a security at a specific price (or better). If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and your broker will execute the order.
If you need more help buying stocks on eToro, click the how to video below:
As of Apr 26, 2024, it costs $64.40 to buy one share of Root stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.155 shares of ROOT.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.