Should you hold Romeo power (RMO) stock?
Apr 07, 2021 · Shares of electric-truck battery-pack maker Romeo Power ( RMO -0.69% ) were tradings sharply lower on Wednesday, a day after the stock soared following news of a deal with truck giant PACCAR ( PCAR...
When will RMO stock turn profitable?
Apr 22, 2022 · RMO Romeo Power — Stock Price and Discussion | Stocktwits. Romeo Power NYSE Updated Apr 22, 2022 11:58 PM. RMO 1.10 0.04 (3.77%) Post-Market 0.03 (2.73%) 26,459. Key Data. 52wk Low 1.29. 52wk High 10.74.
Where can I buy shares of RMO?
Jan 18, 2022 · 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. The company published a press...
Why is Romeo power stock sinking today?
Apr 17, 2022 · 2 brokers have issued 12 month price targets for Romeo Power's stock. Their forecasts range from $4.00 to $9.00. On average, they anticipate Romeo Power's share price to reach $5.67 in the next twelve months. This suggests a possible upside of 415.2% from the stock's current price.
Why did RMO stock drop?
Romeo Power was taken public through a special purpose acquisition company (SPAC) merger late in December 2020. The stock is now down roughly 91% since market close on the day of the merger and 87% over the last year.Jan 18, 2022
Is RMO a good buy?
Out of 1 analyst, 0 (0%) are recommending RMO as a Strong Buy, 0 (0%) are recommending RMO as a Buy, 1 (100%) are recommending RMO as a Hold, 0 (0%) are recommending RMO as a Sell, and 0 (0%) are recommending RMO as a Strong Sell. What is RMO's Earnings Per Share (EPS) forecast for 2022-2023?
Who is buying RMO stock?
Top 10 Owners of Romeo Power IncStockholderStakeShares bought / soldYorkville Advisors Global LP11.10%+14,924,639The Vanguard Group, Inc.6.42%+296,261BlackRock Fund Advisors5.29%+271,111Invesco Capital Management LLC3.82%-74,4886 more rows
Is Romeo Power a good stock?
Romeo Power Inc (RMO) stock has fallen -87.70% over the last 12 months, and the average rating from Wall Street analysts is a Hold. InvestorsObserver's proprietary ranking system, gives RMO stock a score of 8 out of a possible 100.Dec 27, 2021
Is RMO a doctor?
As per the rules, a Resident Medical Officer is a doctor who is a registered medical practitioner who is not working under any recognised training program and is employed by the hospital with the designation of Resident Medical Officer in the second or more years with relevant experience following the graduation.Sep 21, 2021
Is Romeo power a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.97%2Buy18.45%3Hold10.03%4Sell5.70%2 more rows
How many shares does RMO have?
Romeo Power has 134.47 million shares outstanding. The number of shares has increased by 67.16% in one year.
Who does Romeo Power supply?
LG Energy Solution, Ltd(“Romeo Power”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, has entered into a long-term supply agreement for lithium-ion battery cells with LG Energy Solution, Ltd.Aug 12, 2021
Is Romeo Power a buy right now?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Romeo Power in the last year. There are currently 3 hold ratings for the s...
When is Romeo Power's next earnings date?
Romeo Power is scheduled to release its next quarterly earnings announcement on Thursday, May 12th 2022. View our earnings forecast for Romeo Power .
How were Romeo Power's earnings last quarter?
Romeo Power, Inc. (NYSE:RMO) posted its quarterly earnings results on Monday, March, 29th. The company reported ($0.24) EPS for the quarter, missin...
What guidance has Romeo Power issued on next quarter's earnings?
Romeo Power issued an update on its FY 2022 earnings guidance on Tuesday, March, 15th. The company provided EPS guidance of for the period. The com...
What price target have analysts set for RMO?
3 brokerages have issued 1 year price targets for Romeo Power's shares. Their forecasts range from $4.00 to $9.00. On average, they expect Romeo Po...
Who are Romeo Power's key executives?
Romeo Power's management team includes the following people: Mr. Lionel E. Selwood Jr. , Pres, CEO & Director (Age 32, Pay $421.93k) Mr. Criswel...
Who are some of Romeo Power's key competitors?
Some companies that are related to Romeo Power include AEye (LIDR) , REE Automotive (REE) , Stoneridge (SRI) , Modine Manufacturing (MOD) , In...
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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.86%), Inv...
Why is Romeo Power stock falling?
When did Romeo Power go public?
One of the reasons is the overall sell-off in EV and growth stocks as a result of the rotation in equity markets from growth to value. The soaring valuations have led to pressure on high-growth EV stocks. In addition, the surge in interest rates has made growth stocks less appealing to investors, which impacts RMO.
How much will Romeo make in 2021?
Whether or Not to Buy the Dip in Romeo Power (RMO) Stock. The RMG Acquisition SPAC took Romeo Power (RMO) public in December 2020. The transaction closed on December 29, 2020. The ticker symbol change from "RMG" to "RMO" became effective on December 30, 2020, on the NYSE. Since then, the stock’s performance has been volatile.
Is RMO stock a good investment?
Now, Romeo expects its sales for 2021 to be between $18 million and $40 million. Article continues below advertisement. In a presentation to investors in November 2020, Romeo projected that it would generate sales of $11 million in 2020 and $140 million in 2021.
Is Romeo Power a buy right now?
RMO stock looks like a good investment. Batteries are a critical component of an EV. Under the Biden administration, EV sales are projected to surge. As a result, Romeo’s top line could increase as customers transition to zero-emissions vehicles.
What stocks does MarketBeat like better than Romeo Power?
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, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Romeo Power stock.
When is Romeo Power's next earnings date?
Wall Street analysts have given Romeo Power a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Romeo Power wasn't one of them.
How were Romeo Power's earnings last quarter?
Romeo Power is scheduled to release its next quarterly earnings announcement on Monday, November 15th 2021.#N#View our earnings forecast for Romeo Power.
What price target have analysts set for RMO?
Romeo Power, Inc. (NYSE:RMO) released its earnings results on Monday, March, 29th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.13) by $0.11.
Who are some of Romeo Power's key competitors?
4 Wall Street analysts have issued 1-year price objectives for Romeo Power's stock. Their forecasts range from $4.00 to $18.00. On average, they expect Romeo Power's share price to reach $10.18 in the next twelve months.
What is Romeo Power's stock symbol?
Some companies that are related to Romeo Power include Aeva Technologies (AEVA), Patrick Industries (PATK), REE Automotive (REE), Canoo (GOEV), Meritor (MTOR), Holley (HLLY), Lydall (LDL), Tenneco (TEN), American Axle & Manufacturing (AXL), Standard Motor Products (SMP), XL Fleet (XL), Modine Manufacturing (MOD), Stoneridge (SRI), Garrett Motion (GTX) and Garrett Motion (GTXMQ).#N#View all of RMO's competitors..
Why Romeo Power stock is dropping
Romeo Power trades on the New York Stock Exchange (NYSE) under the ticker symbol "RMO."
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.
The Advantages and Disadvantages of a SPAC
The Biden administration is expected to pursue favorable policies towards EV infrastructure, which will be positive for battery players like Romeo Power, Microvast, and QuantumScape.
Risk, Reward, and RMO Stock
There is one major distinction between a SPAC merger and a more traditional initial public offering: forward-looking projections.
The Key Question
The opportunity for companies selling commercial EV batteries is huge. But we’re still talking about the combined revenue of Romeo and its JV going from $5 million to over $2 billion in five years.