How should investors evaluate Roivant Sciences Ltd (NASDAQ:ROIV)?

Stocks of Roivant Sciences Ltd (NASDAQ:ROIV) traded higher last session on Wall Street, down -2.47% to $9.07.

According to the data, Roivant Sciences Ltd (NASDAQ:ROIV) has 10 analysts covering its stock. 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 $11.00, we find $15.00. Given the previous closing price of $9.30, this indicates a potential upside of 61.29 percent. ROIV stock price is now -10.85% away from the 50-day moving average and -5.16% away from the 200-day moving average. The market capitalization of the company currently stands at $7.18B.

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A total of 1 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $15.78 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 $5.4 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 $5.4 million. A total of 32.50% of the company’s stock is owned by insiders.

Wednesday’s opening bell rang with an opening price of $9.25 for Roivant Sciences Ltd (NASDAQ: ROIV). 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 0.53, a current ratio of 5.84, and a quick ratio of 5.82. The fifty day moving average price for ROIV is $10.17 and a two-hundred day moving average price translates $9.56 for the stock.

The latest earnings results from Roivant Sciences Ltd (NASDAQ: ROIV) was released for Sep, 2023. According to the Biotechnology Company, earnings per share came in at -$0.4, missing analysts’ expectations of -$0.31 by -0.09. This compares to -$0.45 EPS in the same period last year. The net profit margin was -951.76% and return on equity was -103.96% for ROIV. The company reported revenue of $37.1 million for the quarter, compared to $12.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 196.03 percent. For the current quarter, analysts expect ROIV to generate $36.38M in revenue.

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