Roku Inc (ROKU) Outlook Starting To Look Brighter?

Roku Inc (ROKU) concluded trading on Wednesday at a closing price of $62.22, with 3.48 million shares of worth about $216.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.74% during that period and on April 3, 2024 the price saw a loss of about -1.00%. Currently the company’s common shares owned by public are about 126.12M shares, out of which, 125.34M shares are available for trading.

However, the stock later moved at a day high price of 65.17, or with a loss of -1.00%. Stock saw a price change of -3.76% in past 5 days and over the past one month there was a price change of -1.27%. Year-to-date (YTD), ROKU shares are showing a performance of -32.12% which decreased to -5.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.62 but also hit the highest price of $108.84 during that period. The average intraday trading volume for Roku Inc shares is 6.16 million. The stock is currently trading -2.94% below its 20-day simple moving average (SMA20), while that difference is down -16.65% for SMA50 and it goes to -20.94% lower than SMA200.

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Roku Inc (NASDAQ: ROKU) currently have 126.12M outstanding shares and institutions hold larger chunk of about 74.23% of that.

The stock has a current market capitalization of $8.93B and its 3Y-monthly beta is at 1.67. It has posted earnings per share of -$5.02 in the same period. It has Quick Ratio of 2.34 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ROKU, volatility over the week remained 2.58% while standing at 3.07% over the month.

Stock’s fiscal year EPS is expected to rise by 61.22% while it is estimated to increase by 40.94% in next year. EPS is likely to grow at an annualized rate of 43.00% for next 5-years, compared to annual growth of -126.17% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on February 27, 2024 offering an Underweight rating for the stock and assigned a target price range of between $77 and $51 to it. Coverage by Citigroup stated Roku Inc (ROKU) stock as a Neutral in their note to investors on February 21, 2024, suggesting a price target of $75 for the stock. Stock get a Neutral rating from Seaport Research Partners on January 19, 2024.

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