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T   18.43 (+0.05%)
MU   62.98 (+2.21%)
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NYSE:RMO

Romeo Power - RMO Stock Forecast, Price & News

$0.72
-0.01 (-1.37%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$0.71
$0.73
50-Day Range
$0.45
$0.89
52-Week Range
$0.44
$5.72
Volume
1.72 million shs
Average Volume
6.76 million shs
Market Capitalization
$133.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.67

Romeo Power MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
687.0% Upside
$5.67 Price Target
Short Interest
Healthy
12.24% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Auto/Tires/Trucks Sector

93rd out of 108 stocks

Motor Vehicle Parts & Accessories Industry

33rd out of 37 stocks

RMO stock logo

About Romeo Power (NYSE:RMO) Stock

Romeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America. The company designs and manufactures battery modules, battery packs, and battery management system technologies; and provides non-recurring engineering services, such as design, prototype, and testing services. It serves commercial electric vehicle manufacturers, electric powertrain converters, electric watercraft manufacturers, fleet operators, and automobile, and recreational vehicle manufacturers. The company was founded in 2014 and is headquartered in Vernon, California.

Romeo Power Trading Down 5.6 %

NYSE:RMO traded down $0.04 during trading hours on Wednesday, reaching $0.73. The company's stock had a trading volume of 4,362,409 shares, compared to its average volume of 6,791,148. The firm has a market capitalization of $135.71 million, a price-to-earnings ratio of -0.58 and a beta of 1.47. The firm has a 50-day simple moving average of $0.59 and a 200-day simple moving average of $1.13. Romeo Power has a 1 year low of $0.44 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 3.02.

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RMO Stock News Headlines

Nikola to acquire Romeo Power for $144 million
Romeo Power (RMO) Stock Soars on Nikola Deal
See More Headlines
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RMO Company Calendar

Last Earnings
3/29/2021
Today
8/18/2022
Next Earnings (Estimated)
11/21/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Fax
N/A
Employees
293
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.67
High Stock Price Forecast
$9.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+687.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$10.03 million
Net Margins
-550.95%
Pretax Margin
-545.56%

Debt

Sales & Book Value

Annual Sales
$16.80 million
Book Value
$1.13 per share

Miscellaneous

Free Float
179,588,000
Market Cap
$133.85 million
Optionable
Not Optionable
Beta
1.47

Key Executives

  • Ms. Susan Seilheimer Brennan (Age 59)
    Pres, CEO & Director
    Comp: $988.32k
  • Mr. Lionel E. Selwood Jr. (Age 33)
    Sr. Advisor & Consultant
    Comp: $1.11M
  • Mr. Kerry A. Shiba (Age 67)
    CFO, Treasurer & Board Observer
  • Ms. Anne Devine (Age 48)
    Chief Operating Officer
  • Mr. Yun Han
    Chief Accounting Officer
  • Mr. Matthew T. Sant (Age 50)
    Gen. Counsel & Company Sec.
  • Ms. Rosalie F. Rogers (Age 60)
    Chief People Officer
  • Ms. Lauren Webb (Age 40)
    Chief Strategy & Commercial Officer and Director
  • Mr. Leon Kaunitz
    Sr. VP of Product Engineering













RMO Stock - Frequently Asked Questions

Should I buy or sell Romeo Power stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Romeo Power in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RMO, but not buy additional shares or sell existing shares.
View RMO analyst ratings
or view top-rated stocks.

What is Romeo Power's stock price forecast for 2022?

2 brokers have issued twelve-month price objectives for Romeo Power's shares. Their RMO share price forecasts range from $4.00 to $9.00. On average, they anticipate the company's share price to reach $5.67 in the next year. This suggests a possible upside of 676.3% from the stock's current price.
View analysts price targets for RMO
or view top-rated stocks among Wall Street analysts.

How have RMO shares performed in 2022?

Romeo Power's stock was trading at $3.65 at the start of the year. Since then, RMO shares have decreased by 80.0% and is now trading at $0.73.
View the best growth stocks for 2022 here
.

When is Romeo Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
View our RMO earnings forecast
.

How were Romeo Power's earnings last quarter?

Romeo Power, Inc. (NYSE:RMO) announced its earnings results on Monday, March, 29th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by $0.11. The company had revenue of $4.65 million for the quarter, compared to the consensus estimate of $5.81 million. Romeo Power had a negative trailing twelve-month return on equity of 58.91% and a negative net margin of 550.95%.

What guidance has Romeo Power issued on next quarter's earnings?

Romeo Power issued an update on its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $40.00 million-$50.00 million, compared to the consensus revenue estimate of $44.97 million.

What is Romeo Power's stock symbol?

Romeo Power trades on the New York Stock Exchange (NYSE) under the ticker symbol "RMO."

Who are Romeo Power's major shareholders?

Romeo Power's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (4.22%), Mirae Asset Global Investments Co. Ltd. (2.95%), Millennium Management LLC (1.95%), JPMorgan Chase & Co. (0.94%), State Street Corp (0.76%) and Commonwealth Equity Services LLC (0.45%). Insiders that own company stock include Borgwarner Inc, Glazer Capital, Llc and Michael Patterson.
View institutional ownership trends
.

How do I buy shares of Romeo Power?

Shares of RMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Romeo Power's stock price today?

One share of RMO stock can currently be purchased for approximately $0.73.

How much money does Romeo Power make?

Romeo Power (NYSE:RMO) has a market capitalization of $135.71 million and generates $16.80 million in revenue each year. The company earns $10.03 million in net income (profit) each year or ($1.26) on an earnings per share basis.

How many employees does Romeo Power have?

The company employs 293 workers across the globe.

How can I contact Romeo Power?

Romeo Power's mailing address is 4380 Ayers Ave., Vernon, CA 90058. The official website for the company is www.romeopower.com. The company can be reached via phone at (212) 220-9503 or via email at ir@romeopower.com.

This page (NYSE:RMO) was last updated on 8/18/2022 by MarketBeat.com Staff

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