Romeo Power, Inc. (NYSE:RMO) share price rebounds 56.61% from the lows – but can it keep going?

In last trading session, Romeo Power, Inc. (NYSE:RMO) saw 9,091,002 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $23 trading at $3.75 or 19.48% at ring of the bell on the day assigns it a market valuation of $2.92 Billion. That closing price of RMO’s stock is at a discount of -42.3% from its 52-week high price of $32.73 and is indicating a premium of 56.61% from its 52-week low price of $9.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.02 Million shares which gives us an average trading volume of 7.59 Million if we extend that period to 3-months.

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For Romeo Power, Inc. (RMO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.5. Splitting up the data highlights that, out of 2 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.18 in the current quarter.

Upright in the green during last session for gaining 19.48%, in the last five days RMO remained trading in the green while hitting it’s week-highest on Wednesday, Jan 13 when the stock touched $23.15- price level, adding 0.65% to its value on the day. Romeo Power, Inc.’s shares saw a change of 2.27% in year-to-date performance and have moved 15.58% in past 5-day. Romeo Power, Inc. (NYSE:RMO) showed a performance of 8.03% in past 30-days. Number of shares sold short was 3.26 Million shares which calculate 0.43 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $35 to the stock, which implies a rise of 52.17% to its current value. Analysts have been projecting $30 as a low price target for the stock while placing it at a high target of $40. It follows that stock’s current price would jump +73.91% in reaching the projected high whereas dropping to the targeted low would mean a loss of 30.43% for stock’s current value.

Romeo Power, Inc. (RMO) estimates and forecasts

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $8Million for the same. And 2 analysts are in estimates of company making revenue of $8.5 Million in the next quarter that will end on March 01, 2021.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 0% while estimates for its earnings growth in next 5 years are of 0%

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