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Are You Looking for a Top Momentum Pick? Why Root, Inc. (ROOT) is a Great Choice
RootRoot(US:ROOT) zacks.comยท2024-05-16 17:01

Company Overview - Root, Inc. currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing strategy [3][11] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned favorably in the market [4][11] Price Performance - Over the past week, Root's shares have increased by 13.45%, significantly outperforming the Zacks Insurance - Property and Casualty industry, which rose by 2.04% [6] - In a longer time frame, Root's shares have shown a monthly price change of 14.24%, compared to the industry's 3.88% [6] - Over the past quarter, Root's shares have surged by 607.84%, and over the last year, they have gained an impressive 1197.46%, while the S&P 500 has only moved 5.91% and 30.04% respectively [7] Trading Volume - Root's average 20-day trading volume is 638,025 shares, which serves as a useful indicator for assessing price movements and market interest [8] Earnings Outlook - In the past two months, one earnings estimate for Root has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from -$7.87 to -$6.59 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]