ROOT Stock Skyrockets 627% YTD: Time to Buy Despite Premium Valuation?

Shares of ROOT (ROOT) have rallied 627% year to date, zooming past the industry’s increase of 28.6%, the Finance sector’s rise of 22.3% and the Zacks S&P 500 composite’s gain of 28.6% in the same time frame. Being the largest auto insurtech in the United States and delivering one of the best loss ratios in the industry, ROOT is poised to gain from opportunities offered by more than $300 billion market in which it operates. This company has a market capitalization of $1.2 billion. The average volume of share ...