Romeo Power - RMO Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
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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%.

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.

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

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

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.

The company employs 293 workers across the globe.

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.