Exploring ROOT INC/OH -CLASS A (NASDAQ:ROOT)'s high growth characteristics.

Our stockscreener has identified a possible breakout setup on ROOT INC/OH -CLASS A (NASDAQ:ROOT). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:ROOT for potential opportunities.

Analyzing the Technical Aspects

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, ROOT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROOT is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, ROOT did better than 98% of all other stocks. On top of that, ROOT also shows a nice and consistent pattern of rising prices.
• ROOT is part of the Insurance industry. There are 144 other stocks in this industry. ROOT outperforms 99% of them.
• ROOT is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
• In the last month ROOT has a been trading in the 91.99 - 145.34 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days.

Our latest full technical report of ROOT contains the most current technical analsysis.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:ROOT has a 7 as its setup rating:

Besides having an excellent technical rating, ROOT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

Looking into the high growth metrics of ROOT INC/OH -CLASS A

Explosive Earnings Growth

• The quarterly earnings of ROOT have shown a 179.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The 1-year EPS growth of ROOT (117.0%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• accelerating EPS growth for ROOT: the current Q2Q growth of 179.0% exceeds the previous year Q2Q growth of 60.29%.
• ROOT has achieved 67.71% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• ROOT has demonstrated strong 1-year revenue growth of 159.0%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• Over the past 3 months, analysts have adjusted their EPS Estimate for ROOT with a 439.0% change. This highlights the evolving outlook on the company's EPS potential.
• ROOT has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.

Profitability & Financial Strength

• ROOT has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• ROOT has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• A Debt/Equity ratio of 0.62 suggests that ROOT is managing its debt levels responsibly.

Market Strength & Institutional Confidence

• ROOT exhibits a favorable ownership structure, with an institutional shareholder ownership of 68.53%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• The Relative Strength (RS) of ROOT has consistently been strong, with a current 98.74 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. ROOT INC/OH -CLASS A demonstrates promising potential for sustained price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.