This summary was created by AI, based on 1 opinions in the last 12 months.
Roivant, with symbol ROIV-Q, has recently received positive results for its new product targeting eye inflammation and pain, showing potential for significant growth. The company is trading at a low valuation with strong cash reserves and a $1.2 billion share buyback plan. Its recent revenue beat expectations and is expected to grow consistently for the next five years. Analysts recommend setting a stop-loss at $7.50 and aiming for $16.00.
Roivant is a American stock, trading under the symbol ROIV-Q on the NASDAQ (ROIV). It is usually referred to as NASDAQ:ROIV or ROIV-Q
In the last year, there was no coverage of Roivant published on Stockchase.
Roivant was recommended as a Top Pick by on . Read the latest stock experts ratings for Roivant.
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0 stock analysts on Stockchase covered Roivant In the last year. It is a trending stock that is worth watching.
On 2024-04-30, Roivant (ROIV-Q) stock closed at a price of $11.03.
The pharma company recently received supportive results for its new product which helps bring relief to patients with eye inflammation and pain and can help avoid total blindness -- steroids are presently the primarily treatment currently. It trades at 2x trailing earnings and 1.4x book value. The board has approved a $1.2 billion share buyback, which it has ample and growing cash reserves to manage. Recently reported revenues beat expectations, growing by 118% from the year previous and is expected to grow by 50% p.a. for at least the next five years. We recommend setting a stop-loss at $7.50, looking to achieve $16.00. Yield 0%
(Analysts’ price target is $16.08)