Investor Insight: Roivant Sciences Ltd (ROIV) Goes Ballistic – Investor Confidence on the Rise

The stock of Roivant Sciences Ltd (NASDAQ:ROIV) last traded at $10.80, down -0.37% from the previous session.

ROIV stock price is now -1.40% away from the 50-day moving average and 2.07% away from the 200-day moving average. The market capitalization of the company currently stands at $7.98B.

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With the price target of $17, Wolfe Research recently initiated with Outperform rating for Roivant Sciences Ltd (NASDAQ: ROIV). On January 05, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $20, while ‘Deutsche Bank’ rates the stock as ‘Buy’

In other news, Venker Eric, President & COO sold 96,950 shares of the company’s stock on Feb 09 ’24. The stock was sold for $1,058,694 at an average price of $10.92. Upon completion of the transaction, the President & COO now directly owns 532,207 shares in the company, valued at $5.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’24, 10% Owner Ramaswamy Vivek sold 3,000,000 shares of the business’s stock. A total of $33,150,000 was realized by selling the stock at an average price of $11.05. This leaves the insider owning 51,929,426 shares of the company worth $560.84 million. A total of 31.18% of the company’s stock is owned by insiders.

During the past 12 months, Roivant Sciences Ltd has had a low of $8.24 and a high of $13.24. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 25.24, and a quick ratio of 25.10. The fifty day moving average price for ROIV is $10.9416 and a two-hundred day moving average price translates $10.57665 for the stock.

The latest earnings results from Roivant Sciences Ltd (NASDAQ: ROIV) was released for 2024-03-31. The net profit margin was 3484.86% and return on equity was 122.05% for ROIV. The company reported revenue of $28.93 million for the quarter, compared to $27.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.68 percent.

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