In yesterday’s Wall Street session, Roivant Sciences Ltd. (NASDAQ:ROIV) shares traded at $10.33, down -4.35% from the previous session.
9 analysts cover Roivant Sciences Ltd. (NASDAQ:ROIV), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $12.00, we find $15.00. Given the previous closing price of $10.80, this indicates a potential upside of 38.89 percent. ROIV stock price is now -9.13% away from the 50-day moving average and 12.67% away from the 200-day moving average. The market capitalization of the company currently stands at $8.11B.
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The stock has received a hold rating from 1 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $15.88 as their price target over the next twelve months.
With the price target of $10.50, BofA Securities recently initiated with Neutral rating for Roivant Sciences Ltd. (NASDAQ: ROIV).
In other news, Venker Eric, Chief Operating Officer sold 106,430 shares of the company’s stock on Sep 08. The stock was sold for $1,297,382 at an average price of $12.19. Upon completion of the transaction, the Chief Operating Officer now directly owns 611,813 shares in the company, valued at $6.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, Chief Accounting Officer Kumar Rakhi sold 99,350 shares of the business’s stock. A total of $1,210,083 was realized by selling the stock at an average price of $12.18. This leaves the insider owning 197,950 shares of the company worth $2.04 million. A total of 14.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ROIV stock. A new stake in Roivant Sciences Ltd. shares was purchased by AVORO CAPITAL ADVISORS LLC during the first quarter worth $59,978,000. FARALLON CAPITAL MANAGEMENT LLC invested $24,327,000 in shares of ROIV during the first quarter. In the first quarter, LOOMIS SAYLES & CO L P acquired a new stake in Roivant Sciences Ltd. valued at approximately $20,252,000. AVIDITY PARTNERS MANAGEMENT LP acquired a new stake in ROIV for approximately $17,432,000. DECHENG CAPITAL MANAGEMENT III (CAYMAN), LLC purchased a new stake in ROIV valued at around $15,079,000 in the second quarter. In total, there are 211 active investors with 51.20% ownership of the company’s stock.
On Wednesday morning Roivant Sciences Ltd. (NASDAQ: ROIV) stock kicked off with the opening price of $10.66. During the past 12 months, Roivant Sciences Ltd. has had a low of $2.87 and a high of $12.84. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 6.40, and a quick ratio of 6.40. The fifty day moving average price for ROIV is $11.35 and a two-hundred day moving average price translates $9.19 for the stock.
The latest earnings results from Roivant Sciences Ltd. (NASDAQ: ROIV) was released for Jun, 2023. According to the Biotechnology Company, earnings per share came in at -$0.38, missing analysts’ expectations of -$0.3 by -0.08. This compares to -$0.51 EPS in the same period last year. The company reported revenue of $21.62 million for the quarter, compared to $4.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 400.67 percent. For the current quarter, analysts expect ROIV to generate $29.35M in revenue.
