What is the potential for RMO stock?
Thus, the potential for RMO stock is massive. EV batteries have come a long way in terms of safety. Many years ago, it wasn’t uncommon to read stories about batteries spontaneously combusting. Of course, this wasn’t just an EV issue but an electronic device dilemma as well.
What does RMO stand for?
LOS ANGELES, November 15, 2021--Romeo Power, Inc. ("Romeo Power" or the "Company") (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced its financial results for the third quarter ending September 30, 2021.
Can Romeo power (RMO) stock run higher on electric cars?
Gradually, though, Romeo Power’s EV batteries — which claim a 25% energy density advantage over the competition — could tip the scale holistically toward electric cars. With more dense power packs, EVs will have greater range, making anxiety on the topic an afterthought. As well, this will be huge for RMO stock.
What does a hold rating for Romeo power (RMO) mean?
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 analyst ratings for Romeo Power or view top-rated stocks.
Is RMO good stock?
(NYSE: RMO) ROMEO POWER's forecast annual revenue growth rate of 64.6% is forecast to beat the US Auto Parts industry's average forecast revenue growth rate of 11.09%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 13.16%. ROMEO POWER's revenue in 2022 is $27,321,000.
Is RMO undervalued?
Certainly, compared to companies like NKLA and TSLA, RMO is undervalued; however, there has yet to exist fundamental progress at NKLA or RMO that may justify their current equity valuations, in my view - the market capitalizations of these companies are likely driven more by retail investor sentiment and hype around ...
Should I sell my Romeo Power stock?
The consensus among Wall Street equities research analysts is that investors should "hold" Romeo Power stock. 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.
How much is Romeo power?
$ 0.7190CloseChgChg %$0.7399-0.0103-1.37%
Is RMO a buy or sell?
Today RMO ranks #15694 as sell candidate.
Why is RMO dropping?
Shares of Romeo Power (NYSE: RMO) are sinking amid a day of sell-offs for the broader market. In addition to bearish pressures impacting the market, Romeo Power stock also seems to be losing ground due to a recently announced change for its management team.
Is Romeo power profitable?
Romeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America....Earnings & Revenue.Earnings per share (EPS)-1.08Gross Margin-129.05%Net Profit Margin-597.31%Debt/Equity Ratio0%
Is Romeo power a good company?
Is Romeo Power a good company to work for? Romeo Power has an overall rating of 2.8 out of 5, based on over 77 reviews left anonymously by employees. 40% of employees would recommend working at Romeo Power to a friend and 41% have a positive outlook for the business.
Who are Romeo power competitors?
Romeo Power Technology's top competitors include Ultralife, Beijing Easpring Material Technology, Alpha Technologies and Iterna. Romeo Power Technology is a developer of consumer, industrial and electric vehicle battery systems.
Does Tesla use Romeo power?
Our Story. Romeo Power is on a mission to power the world's transition to electrification. Romeo Power was founded in 2016 by a team of former Tesla and SpaceX engineers with a vision to create an electrified world where all have access to clean energy.
Who uses Romeo Power Battery?
The group is considered the largest truck manufacturer in the United States, and its brands include Kenworth, Peterbilt and DAF. Specifically, Romeo Power's components will be used in the Peterbilt 579EV and 520EV models in the US and Canada.
Is Romeo power a public company?
Romeo Power became a publicly listed company on December 29, 2020 after completing a business combination with RMG Acquisition, a publicly traded SPAC.
Should I buy or sell Romeo Power stock right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Romeo Power in the last year. There are currently 2 hold...
What is Romeo Power's stock price forecast for 2022?
2 Wall Street research analysts have issued 1-year price targets for Romeo Power's stock. Their RMO stock forecasts range from $4.00 to $9.00. On a...
How has Romeo Power's stock performed in 2022?
Romeo Power's stock was trading at $3.65 at the beginning of 2022. Since then, RMO stock has decreased by 82.1% and is now trading at $0.6540. Vie...
When is Romeo Power's next earnings date?
Romeo Power is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for Romeo Pow...
How were Romeo Power's earnings last quarter?
Romeo Power, Inc. (NYSE:RMO) released its quarterly earnings data on Monday, March, 29th. The company reported ($0.24) earnings per share (EPS) for...
What guidance has Romeo Power issued on next quarter's earnings?
Romeo Power updated its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share guidance of for the period. The com...
Who are Romeo Power's key executives?
Romeo Power's management team includes the following people: Ms. Susan Seilheimer Brennan , Pres, CEO & Director (Age 59, Pay $988.32k) Dr. Abdu...
Who are some of Romeo Power's key competitors?
Some companies that are related to Romeo Power include Motorcar Parts of America (MPAA) , Cepton (CPTN) , Commercial Vehicle Group (CVGI) , XL...
What is Romeo Power's stock symbol?
Romeo Power trades on the New York Stock Exchange (NYSE) under the ticker symbol "RMO."
About Romeo Power
Romeo Power (NYSE:RMO) Frequently Asked Questions
RMG Acquisition Corp. is a blank check company. It intends to identify, acquire and operate a business in resources and industrial materials sectors, including the chemicals, energy services and alternatives, environmental services, metals and power sectors. The company was founded on October 22, 2018 and is headquartered in New York, NY.
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4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Romeo Power in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Romeo Power stock.
Romeo Power Inc
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Signals & Forecast
Romeo Power, Inc. is an energy technology company delivering large-scale electrification solutions for complex commercial applications. It operates through the Romeo Power North America and Joint Venture Support segments.
Support, Risk & Stop-loss
There are mixed signals in the stock today. The Romeo Power, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Is Romeo Power, Inc. stock A Buy?
Romeo Power, Inc. finds support from accumulated volume at $1.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Insiders are positive buying more shares than they are selling in Romeo Power, Inc
Romeo Power, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Golden Star Signal
In the last 100 trades there were 51.97 million shares bought and 25.02 million shares sold. The last trade was done 1 day ago by Borgwarner Inc who sold 1.16 million shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Top Fintech Company
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Why Romeo Power stock is dropping
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Romeo Power forecast 2025
Romeo Power’s earnings have been a big miss on Wall Street analysts’ expectations. In the first quarter, the company reported disappointing earnings and a roughly 80 percent cut to its 2021 revenue target. It blamed the underperformance and weak guidance on a global cell shortage.
Is Romeo Power a good long-term investment?
Currently, four analysts cover RMO stock. Two analysts have a buy, one has a sell, and one has a hold rating on the stock. Analysts’ target price of $10.18 implies a potential upside of 101 percent.