An overview of Roivant Sciences Ltd’s (ROIV) institutional holdings

In yesterday’s Wall Street session, Roivant Sciences Ltd (NASDAQ:ROIV) shares traded at $9.09, up 2.25% from the previous session.

10 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 $16.00. Given the previous closing price of $8.89, this indicates a potential upside of 79.98 percent. ROIV stock price is now -13.27% away from the 50-day moving average and -4.79% away from the 200-day moving average. The market capitalization of the company currently stands at $7.19B.

The stock has received a hold rating from 1 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $16.44 as their price target over the next twelve months.

With the price target of $17, Guggenheim recently initiated with Buy rating for Roivant Sciences Ltd (NASDAQ: ROIV).

In other news, Venker Eric, Chief Operating Officer sold 153,027 shares of the company’s stock on Oct 05. The stock was sold for $1,547,103 at an average price of $10.11. Upon completion of the transaction, the Chief Operating Officer now directly owns 595,397 shares in the company, valued at $5.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03, Chief Operating Officer Venker Eric sold 606,221 shares of the business’s stock. A total of $6,213,765 was realized by selling the stock at an average price of $10.25. This leaves the insider owning 595,397 shares of the company worth $5.41 million. A total of 32.50% of the company’s stock is owned by insiders.

On Tuesday morning Roivant Sciences Ltd (NASDAQ: ROIV) stock kicked off with the opening price of $8.94. During the past 12 months, Roivant Sciences Ltd has had a low of $4.71 and a high of $13.24. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 6.37, and a quick ratio of 6.35. The fifty day moving average price for ROIV is $10.48 and a two-hundred day moving average price translates $9.55 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 net profit margin was -1233.11% and return on equity was -94.44% for ROIV. 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 $30.12M in revenue.

Roivant Sciences Ltd(ROIV) Company Profile

Roivant Sciences Ltd., a commercial-stage biopharmaceutical company, engages in the development and commercialization of medicines for inflammation and immunology areas. The company provides Vants, a model to develop and commercialize its medicines and technologies focusing on biopharmaceutical businesses, discovery-stage companies, and health technology startups. It develops VTAMA, a novel topical for the treatment of psoriasis and atopic dermatitis; batoclimab and IMVT-1402, the fully human monoclonal antibodies targeting the neonatal Fc receptor across various IgG-mediated autoimmune indications; and RVT-3101, an anti-TL1A antibody for ulcerative colitis and Crohn’s disease. The company was founded in 2014 and is based in London, the United Kingdom.

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