Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.50 on Retail Opportunity Investments Corp. (NASDAQ:ROIC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.07 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Retail Opportunity Investments Corp. (NASDAQ:ROIC) stands at 73.86.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Retail Opportunity Investments , the PEG ratio for coming 3-5 years is 3.80.
The technical analysis highlights that Retail Opportunity Investments current is trading $0.03 points away or +0.15% from its 50-day moving average of $22.35. Further it is trading $1.93 or +9.45% away its 200-day moving average of $20.45.
The 52-week high of Retail Opportunity Investments Corp. (NASDAQ:ROIC) was $23.05 while lowest point recorded in 52-week was $15.30. It implies if stock price makes a movement of over $-0.67, it will record a new 52-week high. In the case of +46.27% drop, it will touch a new 52-week low.
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