Roivant Sciences Ltd (NASDAQ:ROIV) shares traded 4.44% higher at $10.81 on Wall Street last session.
In accordance with the data, 11 analysts cover Roivant Sciences Ltd (NASDAQ:ROIV). 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 $10.35, this indicates a potential upside of 44.93 percent. ROIV stock price is now 14.61% away from the 50-day moving average and 11.63% away from the 200-day moving average. The market capitalization of the company currently stands at $8.69B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
It has been rated a hold by 1 analysts and a buy by 10. Brokers who have rated the stock have averaged $15.56 as their price target over the next twelve months.
With the price target of $14, Deutsche Bank 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 $6.44 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 $6.44 million. A total of 32.37% of the company’s stock is owned by insiders.
Roivant Sciences Ltd (NASDAQ: ROIV) opened at $10.38 on Wednesday. During the past 12 months, Roivant Sciences Ltd has had a low of $6.43 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 $9.43 and a two-hundred day moving average price translates $9.68 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 $31.15M in revenue.
