Deliveroo (LON:ROO) Trading 0.1% Higher - Still a Buy?

Key Points

• Deliveroo's stock has risen by 0.1% during trading, reaching a price of GBX 177.36 ($2.37), with trading volume significantly increasing to over 36 million shares.
• The company has a market capitalization of £2.63 billion and a high price-to-earnings ratio of 360.75, indicating potential volatility in earnings.
• Insider selling occurred when Will Shu sold 2.9 million shares at an average price of GBX 175 ($2.34), representing a transaction value of over £5 million.

Deliveroo plc (LON:ROO - Get Free Report) shares shot up 0.1% during trading on Tuesday . The company traded as high as GBX 177.58 ($2.39) and last traded at GBX 177.36 ($2.39). 36,134,809 shares changed hands during trading, an increase of 160% from the average session volume of 13,918,816 shares. The stock had previously closed at GBX 177.20 ($2.38).

Deliveroo Trading Up 0.1%

The business has a 50-day moving average of GBX 176.46 and a 200 day moving average of GBX 153.49. The stock has a market cap of £2.63 billion, a PE ratio of 360.55, a PEG ratio of -0.15 and a beta of 0.43. The company has a debt-to-equity ratio of 10.96, a quick ratio of 3.70 and a current ratio of 1.92.

Deliveroo (LON:ROO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX (0.01) ($0.00) EPS for the quarter. Deliveroo had a return on equity of 10.34% and a net margin of 2.57%. Equities research analysts predict that Deliveroo plc will post 4.037325 EPS for the current fiscal year.

Insider Transactions at Deliveroo

In other news, insider Will Shu sold 2,909,118 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of GBX 175 ($2.35), for a total transaction of £5,090,956.50 ($6,846,364.31). Insiders own 23.68% of the company's stock.

About Deliveroo

Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with approximately 180,000 best-loved restaurant, grocery and retail partners, as well as over 140,000 riders to provide the best delivery experience in the world. Deliveroo is headquartered in London, with offices around the globe.