Rogers Corporation (ROG) May Still Have a Bit More to Go

Hopefully you got out of Rogers Corporation (NYSE:ROG) early, as today the stock is trading 2.82% or 4.44 points down from last closing price of $157.66, reaching $153.22 at last check. The ROG share price has dropped in 3 of the last 5 days and is up 2.05% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 30,759 shares, and in total 174659 shares valued at $26.761 million were seen changing hands compared with 143900 shares valued at $22.687 million recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the ROG stock.

Rogers Corporation (ROG) shares have notched a 3-month gain of about 2.05%, but has still advanced 59.16% year to date. By comparison, the stock added 30.68% over the past 12 months, while it slipped -12.46% over the 1 month. The company’s market cap is around $2.91B, with its short interest ratio standing at 3.03%.

In the current trading session for ROG, the stock witnessed two major price actions, it rose to a high of $156.01 and was down as much as $151.1 at one point. The high recorded is very low when compared to their 52-week high which is $89.21. The 52-week high is now at -26.4 distance from current price. Their recent low of $206.43 represents a 70.31% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ROG is $180, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of Rogers Corporation earned $4.82 per share in the trailing 12 months and has a P/E ratio of 31.79. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 8.06 and higher compared to the sector’s average of 13.27. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ROG also has P/S multiple of 3.13. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 9.03x.

The company recorded an interesting insider sale transaction by the VP on May 02, 2019. A Securities and Exchanges Commission filings show that Marc J Beulque sold a total of 209 ROG shares that day for a sum of around $40,337. The filings show that the insider now retains 2,225 shares, currently worth $340,915. Rogers Corporation (ROG) insiders have acquired 7,490 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 18,603 shares. In total, individual insiders traded 26,093 shares in the business, which makes up 12.267% of 212,704 shares that were traded over a year. In the past 12 months, insiders have purchased 109,988 shares while the seller parted with 102,716 shares.

ROG‘s last price was up 9.58% as compared to the average trading price of 50 days recorded at $139.82 while enlarging the period to 200 trading days, the average closing price was $164.43. At present, there are 18.45 million in the total number of common shares owned by the public and among those 18.35 million shares have been available to trade. The percentage of shares being held by the company management was 1.2% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (10.7%). It managed to keep its gross profit margin at 35.3% over the past 12 months.

When assessing the full upside of the ROG stock, there is another set of technicals that should be looked into and considered. Its 3.97% gain from moving average of $147.37 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.13 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.

Most of the analysts surveyed by Thomson/First Call think quite highly of Rogers Corporation — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $185 on shares of Rogers Corporation (NYSE:ROG), which corresponds to 21.55% upside potential than its current market price of $153.22 and implies potential despite the recent drop in the price. However, their current target price has climbed from $180 a month ago and is up handily from the consensus target of $163.3333 a quarter ago.

In the last five years, the EPS of the company has been roughly 17%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has risen at an average annualized rate of about 10.3 over the last five years. The company recently recorded an increase of 11.7%, but this figure is rather attractive.

Let’s briefly check the hedge fund interest towards ROG stock. Marshall Wace North America L.P. added position in the company after it grew 288.7% or 51 shares of its common stock. The hedge fund now owns 200 shares worth $30,644, SEC documents show. Metropolitan Life Insurance Co NY cut assets in the stock as 5936.67 shares have been sold, reducing its stake by -2.1% to 5,812 shares which are currently valued at $890,515. In addition, HighTower Advisors LLC recently reported that it now owns 8,737 shares making a total of $1,338,683 based on the recent price. This refelects a change of 2.3% in their ownership.